Rhumbline Advisers Decreases Stake in Vertiv Holdings Co (NYSE:VRT)

Rhumbline Advisers cut its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 0.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 475,619 shares of the company's stock after selling 2,676 shares during the quarter. Rhumbline Advisers owned approximately 0.12% of Vertiv worth $34,340,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in VRT. SOA Wealth Advisors LLC. purchased a new stake in shares of Vertiv in the 4th quarter worth $26,000. Tradewinds Capital Management LLC increased its stake in Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after buying an additional 111 shares in the last quarter. Pittenger & Anderson Inc. raised its holdings 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 grew 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 in the last quarter. Finally, Ameriflex Group Inc. purchased a new position in shares of Vertiv in the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 89.92% of the company's stock.

Analyst Upgrades and Downgrades

VRT has been the subject of a number of analyst reports. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Barclays dropped their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. Royal Bank of Canada began coverage on Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 target price on the stock. Morgan Stanley lowered their price target on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, Evercore ISI reissued an "outperform" rating and issued a $150.00 target price (up previously from $100.00) on shares of Vertiv in a research note on Tuesday, May 27th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $122.38.

Insider Activity

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the stock in a transaction dated 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 directly owns 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.63% of the company's stock.

Vertiv Stock Up 2.9%

NYSE VRT traded up $3.25 on Friday, reaching $115.47. 5,366,591 shares of the stock traded hands, compared to its average volume of 8,820,240. Vertiv Holdings Co has a 12 month low of $53.60 and a 12 month high of $155.84. The company has a market cap of $44.01 billion, a price-to-earnings ratio of 90.21, a PEG ratio of 1.07 and a beta of 1.70. The company has a fifty day moving average price of $89.18 and a 200-day moving average price of $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 (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 firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the company posted $0.43 earnings per share. The firm's quarterly revenue was up 24.2% on a year-over-year basis. As a group, research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

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.