Handelsbanken Fonder AB Purchases 15,322 Shares of Vertiv Holdings Co (NYSE:VRT)

Handelsbanken Fonder AB boosted its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 4.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 399,996 shares of the company's stock after acquiring an additional 15,322 shares during the quarter. Handelsbanken Fonder AB owned 0.11% of Vertiv worth $28,880,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of VRT. Stratos Wealth Partners LTD. grew its stake in Vertiv by 27.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 3,367 shares of the company's stock valued at $383,000 after acquiring an additional 734 shares in the last quarter. Apollon Wealth Management LLC grew its stake in Vertiv by 14.8% during the 4th quarter. Apollon Wealth Management LLC now owns 11,363 shares of the company's stock valued at $1,291,000 after acquiring an additional 1,469 shares in the last quarter. Kingsview Wealth Management LLC grew its stake in Vertiv by 60.7% during the 4th quarter. Kingsview Wealth Management LLC now owns 5,873 shares of the company's stock valued at $667,000 after acquiring an additional 2,219 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its position in Vertiv by 17.3% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,881 shares of the company's stock valued at $782,000 after purchasing an additional 1,016 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in Vertiv by 67.0% during the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock valued at $1,043,000 after purchasing an additional 3,682 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. The Goldman Sachs Group raised their price target on Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a research note on Tuesday. KGI Securities began coverage on Vertiv in a research note on Thursday, April 24th. They set a "hold" rating for the company. Evercore ISI reaffirmed an "outperform" rating and set a $150.00 price target (up from $100.00) on shares of Vertiv in a research note on Tuesday, May 27th. Finally, Roth Capital raised Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.69.

Vertiv Stock Performance

VRT traded up $3.84 on Thursday, hitting $114.43. 6,772,211 shares of the stock traded hands, compared to its average volume of 8,725,658. Vertiv Holdings Co has a 52 week low of $53.60 and a 52 week 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 firm has a market capitalization of $43.61 billion, a PE ratio of 89.40, a P/E/G ratio of 1.07 and a beta of 1.73. The business has a fifty day moving average price of $93.54 and a two-hundred day moving average price of $104.14.

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

Insider Transactions at Vertiv

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

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.