Russell Investments Group Ltd. Boosts Position in Vertiv Holdings Co (NYSE:VRT)

Russell Investments Group Ltd. increased its holdings in shares of Vertiv Holdings Co (NYSE:VRTGet Rating) by 43,988.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,089,869 shares of the company’s stock after purchasing an additional 1,087,397 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.29% of Vertiv worth $14,945,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Boston Partners lifted its stake in Vertiv by 16.7% during the fourth quarter. Boston Partners now owns 11,693,371 shares of the company’s stock worth $291,677,000 after purchasing an additional 1,674,611 shares during the last quarter. American Century Companies Inc. grew its position in Vertiv by 5.5% during the 4th quarter. American Century Companies Inc. now owns 11,035,741 shares of the company’s stock worth $275,562,000 after purchasing an additional 575,439 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in Vertiv by 118.5% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 10,319,047 shares of the company’s stock worth $257,667,000 after purchasing an additional 5,597,221 shares during the last quarter. Schroder Investment Management Group grew its position in Vertiv by 21.2% during the 4th quarter. Schroder Investment Management Group now owns 10,295,257 shares of the company’s stock worth $257,073,000 after purchasing an additional 1,798,481 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Vertiv by 1.8% during the 4th quarter. Victory Capital Management Inc. now owns 9,534,099 shares of the company’s stock worth $238,067,000 after purchasing an additional 171,325 shares during the last quarter. Hedge funds and other institutional investors own 87.39% of the company’s stock.

Vertiv Stock Up 9.8 %

Shares of NYSE VRT opened at $13.17 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 2.03. Vertiv Holdings Co has a 52 week low of $7.76 and a 52 week high of $28.80. The firm has a 50-day moving average price of $9.94 and a 200 day moving average price of $13.07. The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of 1,317.00, a price-to-earnings-growth ratio of 1.24 and a beta of 1.42.

Vertiv (NYSE:VRTGet Rating) last announced its earnings results on Wednesday, August 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Vertiv had a net margin of 1.91% and a return on equity of 15.67%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 earnings per share. Equities research analysts anticipate that Vertiv Holdings Co will post 0.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Citigroup lifted their target price on shares of Vertiv from $14.00 to $15.00 in a report on Thursday. Mizuho lowered their target price on shares of Vertiv from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, July 18th. The Goldman Sachs Group lifted their target price on shares of Vertiv from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Vertiv from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $16.17.

Vertiv Profile

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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. 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 to the technologies used for various services, including e-commerce, online banking, file sharing, video on-demand, energy storage, wireless communications, Internet of Things, and online gaming.

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Institutional Ownership by Quarter for Vertiv (NYSE:VRT)

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