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

Allianz Asset Management GmbH grew its position in shares of Vertiv Holdings Co (NYSE:VRT) by 9.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 425,185 shares of the company’s stock after acquiring an additional 36,056 shares during the quarter. Allianz Asset Management GmbH owned 0.11% of Vertiv worth $48,305,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SOA Wealth Advisors LLC. bought a new stake in shares of Vertiv during the 4th quarter worth approximately $26,000. OLD Second National Bank of Aurora bought a new stake in shares of Vertiv during the 4th quarter worth approximately $30,000. Global Trust Asset Management LLC bought a new stake in shares of Vertiv during the 3rd quarter worth approximately $30,000. Mark Sheptoff Financial Planning LLC raised its stake in shares of Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of Vertiv during the 4th quarter worth approximately $34,000. Institutional investors own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

VRT has been the topic of a number of analyst reports. Fox Advisors initiated coverage on Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating on the stock. Mizuho upped their price objective on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. UBS Group assumed coverage on Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target on the stock. TD Cowen increased their price target on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Barclays dropped their price target on Vertiv from $142.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $138.57.

Insider Transactions at Vertiv

In other news, EVP Stephen Liang sold 86,619 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their position. The transaction 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 the stock in a transaction 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 sale, the director now directly owns 25,000 shares in the company, valued at approximately $3,409,750. This trade represents 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 insiders.

Vertiv Stock Performance

Shares of NYSE VRT opened at $95.92 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The stock’s fifty day moving average price is $120.90 and its two-hundred day moving average price is $109.74. Vertiv Holdings Co has a one year low of $61.25 and a one year high of $155.84. The firm has a market cap of $36.00 billion, a price-to-earnings ratio of 74.93, a P/E/G ratio of 1.07 and a beta of 1.64.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 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 period last year, the business posted $0.56 EPS. On average, equities analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current 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.