Union Bancaire Privee UBP SA Raises Stake in Vertiv Holdings Co (NYSE:VRT)

Union Bancaire Privee UBP SA raised its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 34.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,401 shares of the company's stock after purchasing an additional 9,309 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Vertiv were worth $2,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of VRT. Stratos Wealth Partners LTD. lifted its position in Vertiv by 27.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 3,367 shares of the company's stock valued at $383,000 after purchasing an additional 734 shares during the last quarter. Kingsview Wealth Management LLC lifted its position in Vertiv by 60.7% during the fourth quarter. Kingsview Wealth Management LLC now owns 5,873 shares of the company's stock valued at $667,000 after purchasing an additional 2,219 shares during the last quarter. Empowered Funds LLC lifted 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. Stephens Inc. AR lifted its position in Vertiv by 26.2% during the fourth quarter. Stephens Inc. AR now owns 7,163 shares of the company's stock valued at $814,000 after purchasing an additional 1,485 shares during the last quarter. Finally, Kestra Private Wealth Services LLC lifted its holdings in shares of Vertiv by 64.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 7,314 shares of the company's stock worth $831,000 after acquiring an additional 2,861 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Vertiv Trading Up 3.5%

Vertiv stock traded up $3.84 during mid-day trading on Thursday, reaching $114.43. 6,772,211 shares of the company traded hands, compared to its average volume of 8,725,658. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The firm's 50 day moving average price is $92.52 and its 200 day moving average price is $104.26. The firm has a market capitalization of $43.61 billion, a price-to-earnings ratio of 89.40, a P/E/G ratio of 1.07 and a beta of 1.73. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84.

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

Analyst Ratings Changes

VRT has been the subject of a number of recent research reports. KGI Securities initiated coverage on shares of Vertiv in a report on Thursday, April 24th. They issued a "hold" rating for the company. JPMorgan Chase & Co. boosted their price objective on shares of Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Cowen restated a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. The Goldman Sachs Group boosted their price objective on shares of Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Roth Mkm initiated coverage on shares of Vertiv in a report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Vertiv presently has a consensus rating of "Moderate Buy" and an average price target of $124.69.

Insider Buying and Selling at Vertiv

In other Vertiv news, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction dated 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 transaction, the executive vice president now owns 9,551 shares in the company, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction that occurred 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 transaction, the insider now directly owns 18,847 shares in the company, valued at $1,777,837.51. This represents a 22.59% 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.