Wealth Management Partners LLC Increases Stock Position in Vertiv Holdings Co (NYSE:VRT)

Wealth Management Partners LLC lifted its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 313.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,485 shares of the company's stock after acquiring an additional 8,705 shares during the quarter. Wealth Management Partners LLC's holdings in Vertiv were worth $829,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA acquired a new position in shares of Vertiv during the 4th quarter worth $597,379,000. Norges Bank acquired a new position in Vertiv during the fourth quarter worth about $391,777,000. Arrowstreet Capital Limited Partnership increased its holdings in Vertiv by 136.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock valued at $379,101,000 after buying an additional 1,928,275 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Vertiv by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock valued at $4,130,415,000 after acquiring an additional 1,244,780 shares during the period. Finally, Wellington Management Group LLP boosted its stake in shares of Vertiv by 25.3% during the 4th quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock worth $557,349,000 after acquiring an additional 990,361 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Trading Up 2.9%

Shares of NYSE:VRT traded up $3.25 during midday trading on Friday, reaching $115.47. The company's stock had a trading volume of 5,366,591 shares, compared to its average volume of 8,820,250. The firm has a market cap of $44.01 billion, a price-to-earnings ratio of 90.21, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. The business has a 50 day moving average price of $89.18 and a 200 day moving average price of $105.04. Vertiv Holdings Co has a 1 year low of $53.60 and a 1 year 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.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly 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. The company had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm's revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 EPS. Research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Insiders Place Their Bets

In other news, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the transaction, 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 legal filing with the SEC, which is available at this link. 2.63% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on VRT. Citigroup dropped their price objective on Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Morgan Stanley dropped 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. Evercore ISI reiterated an "outperform" rating and issued a $150.00 price objective (up from $100.00) on shares of Vertiv in a research report on Tuesday, May 27th. Barclays dropped their target price on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. Finally, Roth Capital raised shares of Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $122.38.

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.