Nixon Peabody Trust Co. Buys 26,173 Shares of Vertiv Holdings Co (NYSE:VRT)

Nixon Peabody Trust Co. boosted its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 59.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,966 shares of the company's stock after acquiring an additional 26,173 shares during the period. Nixon Peabody Trust Co.'s holdings in Vertiv were worth $5,052,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Vertiv by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock worth $4,130,415,000 after purchasing an additional 1,244,780 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Vertiv by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock worth $688,260,000 after buying an additional 99,181 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Vertiv during the 4th quarter worth about $597,379,000. Wellington Management Group LLP increased its stake in shares of Vertiv by 25.3% in the 4th quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock valued at $557,349,000 after acquiring an additional 990,361 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in shares of Vertiv by 4.8% in the 4th quarter. Clearbridge Investments LLC now owns 3,647,326 shares of the company's stock valued at $414,373,000 after acquiring an additional 167,061 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the business'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 of the company's stock, valued at $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.63% of the stock is owned by corporate insiders.

Vertiv Stock Up 2.9%

Vertiv stock traded up $3.25 during mid-day trading on Friday, reaching $115.47. The company's stock had a trading volume of 4,820,438 shares, compared to its average volume of 8,820,049. The business's 50 day simple moving average is $89.18 and its 200 day simple moving average is $105.04. 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 12 month low of $53.60 and a 12 month high of $155.84. The company has a market capitalization of $44.01 billion, a price-to-earnings ratio of 90.21, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Cowen restated a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. The Goldman Sachs Group decreased their price target on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a report on Thursday, April 10th. KGI Securities started coverage on Vertiv in a research note on Thursday, April 24th. They set a "hold" rating on the stock. JPMorgan Chase & Co. lifted their target price on Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Finally, Roth Capital upgraded Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $122.38.

About Vertiv

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.