MRA Advisory Group Buys New Position in Vertiv Holdings Co (NYSE:VRT)

MRA Advisory Group bought a new stake in Vertiv Holdings Co (NYSE:VRT - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 9,140 shares of the company's stock, valued at approximately $660,000.

A number of other large investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA acquired a new stake in Vertiv during the 4th quarter worth approximately $597,379,000. Norges Bank acquired a new stake in Vertiv during the 4th quarter worth approximately $391,777,000. Arrowstreet Capital Limited Partnership lifted its position in Vertiv by 136.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock worth $379,101,000 after acquiring an additional 1,928,275 shares during the period. Vanguard Group Inc. lifted its position in Vertiv by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock worth $4,130,415,000 after acquiring an additional 1,244,780 shares during the period. Finally, Wellington Management Group LLP lifted its position in Vertiv by 25.3% during the 4th quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock worth $557,349,000 after acquiring an additional 990,361 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction 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 sale, the insider now owns 18,847 shares in the company, valued at $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.63% of the company's stock.

Vertiv Price Performance

Shares of NYSE:VRT opened at $112.26 on Friday. The business's fifty day moving average price is $89.18 and its two-hundred day moving average price is $105.04. The stock has a market cap of $42.78 billion, a PE ratio of 87.70, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The firm had revenue of $2.04 billion for 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%. Vertiv's quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 EPS. On average, analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Cowen reissued a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. Roth Mkm assumed coverage on Vertiv in a research note on Tuesday, April 8th. They set a "buy" rating and a $75.00 target price for the company. Barclays cut their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research note on Friday, April 4th. Finally, KGI Securities started coverage on Vertiv in a research note on Thursday, April 24th. They issued a "hold" rating for the company. Five investment 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 stock. Based on data from MarketBeat, Vertiv currently has a consensus rating of "Moderate Buy" and an average price target of $122.38.

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.

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