D.A. Davidson & CO. Purchases 265 Shares of Vertiv Holdings Co (NYSE:VRT)

D.A. Davidson & CO. increased its position in shares of Vertiv Holdings Co (NYSE:VRT) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,784 shares of the company’s stock after purchasing an additional 265 shares during the quarter. D.A. Davidson & CO.’s holdings in Vertiv were worth $544,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Silverleafe Capital Partners LLC bought a new position in shares of Vertiv in the fourth quarter worth about $4,219,000. Foundations Investment Advisors LLC lifted its holdings in shares of Vertiv by 7.9% in the fourth 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 last quarter. Empowered Funds LLC lifted its holdings in shares of Vertiv by 67.0% in the fourth 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 last quarter. Janney Capital Management LLC bought a new position in shares of Vertiv in the third quarter worth about $8,403,000. Finally, Gordian Capital Singapore Pte Ltd lifted its holdings in shares of Vertiv by 112.5% in the third 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 last quarter. Institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Mizuho increased their target price on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. TD Cowen upped their price objective on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Fox Advisors started coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating for the company. Barclays lowered their price objective on Vertiv from $142.00 to $131.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Finally, Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research note on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $138.57.

Vertiv Stock Performance

NYSE:VRT opened at $91.85 on Wednesday. The company has a market capitalization of $34.47 billion, a PE ratio of 71.76, a P/E/G ratio of 1.07 and a beta of 1.64. The company has a 50 day simple moving average of $119.62 and a two-hundred day simple moving average of $110.33. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84.

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