Avanza Fonder AB Has $2.53 Million Stock Position in Vertiv Holdings Co (NYSE:VRT)

Avanza Fonder AB cut its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 7.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,742 shares of the company's stock after selling 2,814 shares during the period. Avanza Fonder AB's holdings in Vertiv were worth $2,525,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Tradewinds Capital Management LLC increased its holdings 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 period. Pittenger & Anderson Inc. increased its stake in Vertiv by 92.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after acquiring an additional 150 shares during the period. Colonial Trust Co SC increased its stake in Vertiv by 211.9% during the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after acquiring an additional 214 shares during the period. Ameriflex Group Inc. acquired a new position in Vertiv in the 4th quarter valued at approximately $37,000. Finally, TD Private Client Wealth LLC lifted its position in shares of Vertiv by 150.7% in the 4th quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock worth $42,000 after acquiring an additional 223 shares during the period. 89.92% of the stock is owned by institutional investors.

Vertiv Price Performance

Shares of NYSE:VRT traded down $3.72 during trading on Friday, reaching $110.78. The stock had a trading volume of 5,895,502 shares, compared to its average volume of 8,714,380. The stock has a market capitalization of $42.22 billion, a PE ratio of 86.55, a P/E/G ratio of 1.07 and a beta of 1.73. 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 Holdings Co has a 52 week low of $53.60 and a 52 week high of $155.84. The business's 50-day moving average price is $93.54 and its 200 day moving average price is $104.14.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The firm had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The business's revenue was up 24.2% on a year-over-year basis. During the same period last year, the firm posted $0.43 EPS. As a group, equities analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on VRT shares. The Goldman Sachs Group lifted their price objective on Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a report on Tuesday. Morgan Stanley cut their target price on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. lifted their price target on shares of Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Citigroup lowered their price target on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Roth Capital raised shares of Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Vertiv has an average rating of "Moderate Buy" and a consensus price target of $124.69.

Insider Activity

In other Vertiv news, EVP Stephen Liang sold 43,683 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $115.83, for a total value of $5,059,801.89. Following the completion of the transaction, the executive vice president now directly owns 9,551 shares of the company's stock, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the transaction, the insider now owns 18,847 shares in the company, valued at $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by corporate insiders.

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.