Freestone Capital Holdings LLC Buys New Shares in Vertiv Holdings Co (NYSE:VRT)

Freestone Capital Holdings LLC bought a new position in Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 1,911 shares of the company’s stock, valued at approximately $217,000.

Several other hedge funds have also added to or reduced their stakes in the business. Jennison Associates LLC increased its holdings in shares of Vertiv by 68.6% in the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock worth $880,971,000 after buying an additional 3,153,932 shares during the period. State Street Corp increased its stake in Vertiv by 4.2% in the 3rd quarter. State Street Corp now owns 7,635,081 shares of the company’s stock worth $759,614,000 after purchasing an additional 308,704 shares during the period. Geode Capital Management LLC lifted its position in Vertiv by 7.4% in the third quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company’s stock valued at $592,433,000 after purchasing an additional 408,054 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Vertiv by 271.0% during the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after purchasing an additional 2,860,181 shares during the period. Finally, Westfield Capital Management Co. LP grew its holdings in shares of Vertiv by 1.1% in the third quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company’s stock worth $359,315,000 after purchasing an additional 40,696 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. TD Cowen increased their price target on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Barclays dropped their target price on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. JPMorgan Chase & Co. boosted their price target on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. The Goldman Sachs Group increased their price objective on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Morgan Stanley initiated coverage on Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $136.07.

Vertiv Stock Up 3.8 %

Shares of Vertiv stock opened at $85.16 on Friday. Vertiv Holdings Co has a 1 year low of $62.40 and a 1 year high of $155.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The company has a 50-day moving average of $115.09 and a 200 day moving average of $110.47. The firm has a market cap of $32.43 billion, a price-to-earnings ratio of 66.53, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter last year, the business earned $0.56 earnings per share. As a group, sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

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.