Compagnie Lombard Odier SCmA Has $239,000 Stock Position in Vertiv Holdings Co (NYSE:VRT)

Compagnie Lombard Odier SCmA raised its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 200.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,310 shares of the company's stock after buying an additional 2,210 shares during the quarter. Compagnie Lombard Odier SCmA's holdings in Vertiv were worth $239,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VRT. Stratos Wealth Partners LTD. raised its holdings in shares of Vertiv by 27.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 3,367 shares of the company's stock worth $383,000 after acquiring an additional 734 shares in the last quarter. Kingsview Wealth Management LLC increased its position in Vertiv by 60.7% in the 4th quarter. Kingsview Wealth Management LLC now owns 5,873 shares of the company's stock worth $667,000 after purchasing an additional 2,219 shares during the last quarter. Empowered Funds LLC increased its position in Vertiv by 67.0% in the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock worth $1,043,000 after purchasing an additional 3,682 shares during the last quarter. Stephens Inc. AR raised its stake in shares of Vertiv by 26.2% during the 4th quarter. Stephens Inc. AR now owns 7,163 shares of the company's stock worth $814,000 after purchasing an additional 1,485 shares in the last quarter. Finally, Kestra Private Wealth Services LLC lifted its holdings in shares of Vertiv by 64.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 7,314 shares of the company's stock valued at $831,000 after buying an additional 2,861 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Insider Activity at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of Vertiv 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 sale, the insider now owns 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 owns 9,551 shares in the company, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.63% of the stock is owned by corporate insiders.

Vertiv Stock Performance

Shares of VRT stock traded down $3.72 during trading hours on Friday, reaching $110.78. 5,895,502 shares of the company's stock were exchanged, compared to its average volume of 8,711,215. Vertiv Holdings Co has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $42.22 billion, a P/E ratio of 86.55, a P/E/G ratio of 1.07 and a beta of 1.73. The business has a fifty day moving average price of $93.54 and a 200-day moving average price of $104.14.

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

Analyst Ratings Changes

VRT has been the topic of a number of research reports. Morgan Stanley dropped their price objective on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. raised their price target on shares of Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Evercore ISI reaffirmed an "outperform" rating and issued a $150.00 price objective (up previously from $100.00) on shares of Vertiv in a research note on Tuesday, May 27th. Citigroup decreased their price objective on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Roth Capital upgraded Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Five 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 company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price 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.