Polianta Ltd Raises Stock Position in Vertiv Holdings Co (NYSE:VRT)

Polianta Ltd raised its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 35.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,700 shares of the company's stock after purchasing an additional 3,600 shares during the period. Polianta Ltd's holdings in Vertiv were worth $989,000 as of its most recent SEC filing.

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

Vertiv Stock Performance

NYSE:VRT traded down $3.72 during 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. Vertiv Holdings Co has a 12 month low of $53.60 and a 12 month high of $155.84. The firm 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. The firm has a 50 day moving average of $93.54 and a 200-day moving average of $104.14. 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 issued its quarterly 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 company 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 firm's quarterly revenue was up 24.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. Research analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $115.83, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.33, for a total value 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 $1,777,837.51. This represents 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.

Wall Street Analyst Weigh In

Several research firms recently issued reports on VRT. Royal Bank of Canada began coverage on shares of Vertiv in a research report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target for the company. Evercore ISI reissued an "outperform" rating and set a $150.00 target price (up from $100.00) on shares of Vertiv in a research report on Tuesday, May 27th. Cowen reiterated a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. Barclays lowered their price objective on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research note on Friday, April 4th. Finally, Roth Mkm initiated coverage on Vertiv in a report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 target price on the stock. Five 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 company. According to data from MarketBeat, Vertiv presently has a consensus rating of "Moderate Buy" and a consensus 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.