Argentarii LLC Makes New Investment in Vertiv Holdings Co (NYSE:VRT)

Argentarii LLC purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,626 shares of the company’s stock, valued at approximately $298,000.

Several other institutional investors have also recently made changes to their positions in VRT. Silverleafe Capital Partners LLC bought a new position in shares of Vertiv during the 4th quarter worth approximately $4,219,000. Foundations Investment Advisors LLC boosted its stake in shares of Vertiv by 7.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after acquiring an additional 13,559 shares during the period. Empowered Funds LLC boosted its stake in shares of Vertiv by 67.0% during the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock worth $1,043,000 after acquiring an additional 3,682 shares during the period. Gordian Capital Singapore Pte Ltd boosted its stake in shares of Vertiv by 112.5% during the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock worth $846,000 after acquiring an additional 4,500 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of Vertiv by 3,417.9% during the 4th quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock worth $110,544,000 after acquiring an additional 936,698 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Price Performance

Vertiv stock opened at $85.16 on Monday. Vertiv Holdings Co has a 52 week low of $62.40 and a 52 week high of $155.84. The stock has a fifty day moving average of $115.09 and a 200-day moving average of $110.94. 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 stock has a market capitalization of $32.43 billion, a P/E ratio of 66.53, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) 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 previous year, the firm posted $0.56 earnings per share. On average, sell-side analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VRT. Royal Bank of Canada began coverage on Vertiv in a research note on Friday. They issued an “outperform” rating and a $121.00 price target for the company. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research note on Tuesday, January 28th. Mizuho boosted their price target on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Citigroup boosted their price target on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Morgan Stanley began coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target for the company. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $136.07.

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.