Opinicus Capital Inc. Acquires Shares of 7,282 Vertiv Holdings Co (NYSE:VRT)

Opinicus Capital Inc. bought a new position in Vertiv Holdings Co (NYSE:VRT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,282 shares of the company's stock, valued at approximately $526,000.

Several other hedge funds and other institutional investors also recently modified their holdings of VRT. Tradewinds Capital Management LLC grew its position in shares of Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after buying an additional 111 shares during the last quarter. Pittenger & Anderson Inc. grew its position in shares of Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after buying an additional 150 shares during the last quarter. Colonial Trust Co SC grew its position in shares of Vertiv by 211.9% during the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after buying an additional 214 shares during the last quarter. Ameriflex Group Inc. bought a new stake in shares of Vertiv during the 4th quarter valued at about $37,000. Finally, TD Private Client Wealth LLC grew its position in shares of Vertiv by 150.7% during the 4th quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock valued at $42,000 after buying an additional 223 shares during the last quarter. Institutional investors own 89.92% of the company's stock.

Insider Buying and Selling

In related news, EVP Stephen Liang sold 43,683 shares of the business's stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 9,551 shares in the company, valued at $1,106,292.33. The trade was a 82.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the sale, 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. Insiders own 2.63% of the company's stock.

Vertiv Price Performance

Shares of NYSE VRT traded down $3.72 during midday trading on Friday, reaching $110.78. The company's stock had a trading volume of 5,895,502 shares, compared to its average volume of 8,711,215. 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 company has a 50 day moving average price of $93.54 and a 200 day moving average price of $104.14. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84. The company has a market cap of $42.22 billion, a price-to-earnings ratio of 86.55, a price-to-earnings-growth ratio of 1.07 and a beta of 1.73.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Cowen reaffirmed a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Royal Bank of Canada assumed coverage on shares of Vertiv in a research note on Friday, March 7th. They set an "outperform" rating and a $121.00 target price for the company. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Roth Mkm assumed coverage on shares of Vertiv in a research note on Tuesday, April 8th. They set a "buy" rating and a $75.00 target price for the company. Finally, Morgan Stanley reduced their target price on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $124.69.

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.