Bellecapital International Ltd. Invests $249,000 in Vertiv Holdings Co (NYSE:VRT)

Bellecapital International Ltd. acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,196 shares of the company’s stock, valued at approximately $249,000.

Other institutional investors have also modified their holdings of the company. SOA Wealth Advisors LLC. purchased a new stake in shares of Vertiv during the 4th quarter worth $26,000. OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv during the 4th quarter worth $30,000. Tradewinds Capital Management LLC lifted its position in shares of Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after purchasing an additional 111 shares during the last quarter. Mark Sheptoff Financial Planning LLC lifted its position in shares of Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Vertiv during the 4th quarter worth $34,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Trading Up 2.9 %

NYSE VRT opened at $95.09 on Monday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The firm has a market cap of $35.69 billion, a PE ratio of 74.29, a P/E/G ratio of 1.07 and a beta of 1.64. Vertiv Holdings Co has a one year low of $62.40 and a one year high of $155.84. The firm’s fifty day moving average is $118.34 and its two-hundred day moving average is $110.72.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VRT. Barclays decreased their price objective on shares of Vertiv from $142.00 to $131.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Morgan Stanley began coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target for the company. Melius Research reissued a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Oppenheimer boosted their price target on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, Evercore ISI reduced their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and an average price target of $138.57.

Vertiv Company 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.