Allianz Asset Management GmbH Has $48.31 Million Holdings in Vertiv Holdings Co (NYSE:VRT)

Allianz Asset Management GmbH boosted its holdings in Vertiv Holdings Co (NYSE:VRT) by 9.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 425,185 shares of the company’s stock after acquiring an additional 36,056 shares during the quarter. Allianz Asset Management GmbH’s holdings in Vertiv were worth $48,305,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of VRT. Sequoia Financial Advisors LLC boosted its stake in Vertiv by 42.2% in the third quarter. Sequoia Financial Advisors LLC now owns 6,163 shares of the company’s stock valued at $613,000 after buying an additional 1,830 shares in the last quarter. Private Advisor Group LLC boosted its stake in Vertiv by 65.3% in the third quarter. Private Advisor Group LLC now owns 60,934 shares of the company’s stock valued at $6,062,000 after buying an additional 24,068 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Vertiv by 7,976.3% in the third quarter. International Assets Investment Management LLC now owns 145,454 shares of the company’s stock valued at $14,471,000 after buying an additional 143,653 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Vertiv by 39.0% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 13,450 shares of the company’s stock valued at $1,338,000 after buying an additional 3,772 shares in the last quarter. Finally, IFM Investors Pty Ltd raised its position in Vertiv by 1.7% in the third quarter. IFM Investors Pty Ltd now owns 76,074 shares of the company’s stock valued at $7,569,000 after purchasing an additional 1,250 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Price Performance

Shares of VRT opened at $95.92 on Friday. The company has a market capitalization of $36.00 billion, a price-to-earnings ratio of 74.93, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64. The business has a 50-day moving average of $120.90 and a 200-day moving average of $109.74. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. Vertiv Holdings Co has a 1 year low of $61.25 and a 1 year high of $155.84.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same period in the prior year, the company earned $0.56 earnings per share. As a group, equities research analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the sale, the executive vice president now directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jan Van Dokkum sold 38,647 shares of Vertiv stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $136.39, for a total value of $5,271,064.33. Following the completion of the sale, the director now owns 25,000 shares of the company’s stock, valued at approximately $3,409,750. The trade was a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.01% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

VRT has been the subject of several research reports. Melius Research reiterated a “hold” rating and issued a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Barclays dropped their target price on Vertiv from $142.00 to $131.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Mizuho increased their target price on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research report on Tuesday, January 28th. Finally, Morgan Stanley initiated coverage on Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price for the company. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Vertiv currently has an average rating of “Moderate Buy” and a consensus price target of $138.57.

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.