Vertiv Holdings Co (NYSE:VRT) Stake Boosted by Westover Capital Advisors LLC

Westover Capital Advisors LLC grew its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,936 shares of the company’s stock after purchasing an additional 1,200 shares during the quarter. Westover Capital Advisors LLC’s holdings in Vertiv were worth $1,015,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Ring Mountain Capital LLC bought a new position in shares of Vertiv during the fourth quarter valued at approximately $637,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Vertiv by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,746,111 shares of the company’s stock valued at $198,376,000 after purchasing an additional 45,917 shares during the last quarter. State of Michigan Retirement System bought a new position in shares of Vertiv during the fourth quarter valued at approximately $7,771,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Vertiv by 4.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 76,361 shares of the company’s stock valued at $8,675,000 after purchasing an additional 3,080 shares during the last quarter. Finally, Meridian Wealth Management LLC bought a new position in shares of Vertiv during the fourth quarter valued at approximately $2,536,000. 89.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VRT has been the subject of a number of recent analyst reports. The Goldman Sachs Group increased their price objective on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Mizuho increased their price objective on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Oppenheimer increased their price objective on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Barclays decreased their price objective on Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a report on Monday. Finally, Fox Advisors initiated coverage on Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating for the company. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Vertiv has a consensus rating of “Moderate Buy” and a consensus price target of $137.14.

Vertiv Stock Performance

Shares of NYSE VRT opened at $85.49 on Tuesday. The stock has a fifty day moving average price of $117.70 and a two-hundred day moving average price of $110.74. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The firm has a market cap of $32.09 billion, a P/E ratio of 66.79, a PEG ratio of 1.07 and a beta of 1.64. Vertiv Holdings Co has a 1 year low of $62.40 and a 1 year high of $155.84.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating 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 quarter last year, the company posted $0.56 earnings per share. Research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

About Vertiv

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.