Vertiv Holdings Co (NYSE:VRT) Stock Holdings Lowered by MONECO Advisors LLC

MONECO Advisors LLC lowered its position in shares of Vertiv Holdings Co (NYSE:VRT) by 6.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,399 shares of the company’s stock after selling 295 shares during the period. MONECO Advisors LLC’s holdings in Vertiv were worth $500,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Fifth Third Bancorp grew its position in shares of Vertiv by 8.1% during the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock worth $128,000 after acquiring an additional 84 shares during the last quarter. Accurate Wealth Management LLC grew its position in shares of Vertiv by 4.1% during the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock worth $254,000 after acquiring an additional 87 shares during the last quarter. Allworth Financial LP grew its position in shares of Vertiv by 18.6% during the third quarter. Allworth Financial LP now owns 638 shares of the company’s stock worth $63,000 after acquiring an additional 100 shares during the last quarter. Tradewinds Capital Management LLC grew its position in shares of Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares during the last quarter. Finally, Bouvel Investment Partners LLC grew its position in shares of Vertiv by 1.1% during the fourth quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company’s stock worth $1,261,000 after acquiring an additional 117 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

Shares of NYSE VRT opened at $90.96 on Tuesday. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $34.14 billion, a price-to-earnings ratio of 71.06, a PEG ratio of 1.07 and a beta of 1.64. The firm has a 50-day moving average of $120.20 and a two-hundred day moving average of $110.18.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the prior year, the firm posted $0.56 EPS. As a group, analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on VRT shares. JPMorgan Chase & Co. upped their price target on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group upped their price objective on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Evercore ISI reduced their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Melius Research reaffirmed a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Finally, Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a report on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $138.57.

Vertiv Profile

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.