Vertiv Holdings Co (NYSE:VRT) Sees Significant Drop in Short Interest

Vertiv Holdings Co (NYSE:VRT) saw a significant drop in short interest in February. As of February 15th, there was short interest totalling 10,990,000 shares, a drop of 23.7% from the January 31st total of 14,410,000 shares. Based on an average trading volume of 8,850,000 shares, the days-to-cover ratio is currently 1.2 days.

Vertiv Stock Performance

Vertiv stock opened at $85.49 on Tuesday. The company has a market cap of $32.09 billion, a PE ratio of 66.79, a P/E/G ratio of 1.07 and a beta of 1.64. The company has a fifty day moving average price of $117.70 and a two-hundred day moving average price of $110.74. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. Vertiv has a 12 month low of $62.40 and a 12 month high of $155.84.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping 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 in the prior year, the firm earned $0.56 earnings per share. Research analysts expect that Vertiv will post 3.59 earnings per share for the current year.

Institutional Investors Weigh In On Vertiv

A number of hedge funds have recently added to or reduced their stakes in VRT. New York State Teachers Retirement System lifted its stake in Vertiv by 19.9% in the third quarter. New York State Teachers Retirement System now owns 31,278 shares of the company’s stock valued at $3,112,000 after buying an additional 5,187 shares during the last quarter. First Trust Direct Indexing L.P. lifted its stake in Vertiv by 47.2% in the third quarter. First Trust Direct Indexing L.P. now owns 4,084 shares of the company’s stock valued at $406,000 after buying an additional 1,310 shares during the last quarter. Financial Advocates Investment Management bought a new stake in Vertiv in the third quarter valued at $210,000. Focus Financial Network Inc. bought a new stake in Vertiv in the third quarter valued at $314,000. Finally, Gladstone Institutional Advisory LLC bought a new stake in Vertiv in the third quarter valued at $652,000. 89.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VRT has been the subject of a number of recent analyst reports. Fox Advisors initiated coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating for the company. Evercore ISI decreased 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. Morgan Stanley initiated coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target for the company. Citigroup raised their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Melius Research reissued a “hold” rating and set a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $137.14.

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.