Greenleaf Trust increased its position in Vertiv Holdings Co (NYSE: VRT – Get Rating) by 47.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund held 13,855 shares of the company after buying an additional 4,490 shares during the period. Greenleaf Trust’s holdings in Vertiv were worth $194,000 when it last filed with the SEC.
Other institutional investors and hedge funds also bought and sold shares of the company. Standard Family Office LLC bought a new position in Vertiv in the fourth quarter worth approximately $26,000. Missouri Trust & Investment Co bought a new position in Vertiv in the fourth quarter worth about $50,000. CWM LLC bought a new position in Vertiv in the fourth quarter worth approximately $78,000. Covestor Ltd bought a new position in Vertiv in the fourth quarter worth approximately $105,000. Finally, Steph & Co. increased its position in Vertiv by 18.2% in the first quarter. Steph & Co. now owns 14,642 shares of the company worth $205,000 after purchasing an additional 2,255 shares in the last quarter. 87.39% of the shares are held by hedge funds and other institutional investors.
Vertiv stock up 6.0%
Shares of VRT opened at $8.94 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt ratio of 2.03. The company’s 50-day moving average is $9.92 and its 200-day moving average is $14.26. The company has a market capitalization of $3.37 billion, a PE ratio of 894.00, a growth price-earnings ratio of 0.89 and a beta of 1.26. Vertiv Holdings Co has a 12-month low of $7.76 and a 12-month high of $28.80.
Vertiv (NYSE:VRT – Get Rating) last reported results on Wednesday, April 27. The company reported ($0.08) EPS for the quarter, beating analyst consensus estimates of ($0.16) by $0.08. Vertiv had a return on equity of 15.67% and a net margin of 1.91%. The company posted revenue of $1.16 billion for the quarter, versus a consensus estimate of $1.14 billion. In the same quarter a year earlier, the company had earned earnings per share of $0.21. The company’s revenue increased by 5.3% compared to the same quarter last year. Research analysts expect Vertiv Holdings Co to post earnings per share of 0.61 for the current fiscal year.
A Wall Street analyst gives his opinion
Several research analysts have published reports on the company. Deutsche Bank Aktiengesellschaft lowered its price target on Vertiv from $16.00 to $15.00 and placed a “buy” rating on the stock in a research report Wednesday. JPMorgan Chase & Co. upgraded Vertiv from a “neutral” rating to an “overweight” rating and lowered its price target for the stock from $29.00 to $18.00 in a Friday 1st research note april. Finally, Goldman Sachs Group lowered its price target on Vertiv from $17.00 to $15.00 and placed a “buy” rating on the stock in a Wednesday, June 1 research note. One analyst gave the stock a sell rating, four gave the company a hold rating and four gave the company a buy rating. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $18.28.
Vertiv Company Profile
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Vertiv Holdings Co, together with its subsidiaries, designs, manufactures and services critical digital infrastructure technologies and lifecycle services for data centers, communications networks, and commercial and industrial environments. It offers AC and DC power management products, thermal management products, integrated rack systems, modular solutions and management systems for monitoring and controlling digital infrastructure that are integral parts of technologies used for various services, including e-commerce, online banking, file sharing. , video on demand, energy storage, wireless communications, Internet of Things and online games.
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