Vertiv Holdings Co (NYSE:VRT) Shares Sold by M&T Bank Corp

M&T Bank Corp decreased its position in shares of Vertiv Holdings Co (NYSE:VRTGet Rating) by 6.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,199 shares of the company’s stock after selling 806 shares during the quarter. M&T Bank Corp’s holdings in Vertiv were worth $91,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brown Brothers Harriman & Co. lifted its holdings in shares of Vertiv by 648.5% during the first quarter. Brown Brothers Harriman & Co. now owns 2,500 shares of the company’s stock worth $35,000 after purchasing an additional 2,166 shares during the period. NN Investment Partners Holdings N.V. acquired a new stake in shares of Vertiv during the first quarter worth about $85,000. Lebenthal Global Advisors LLC acquired a new stake in shares of Vertiv during the second quarter worth about $87,000. Cutter & CO Brokerage Inc. acquired a new position in Vertiv in the second quarter valued at approximately $97,000. Finally, Clear Creek Financial Management LLC acquired a new position in Vertiv in the first quarter valued at approximately $140,000. Institutional investors and hedge funds own 88.42% of the company’s stock.

Vertiv Stock Up 0.8 %

Shares of VRT opened at $13.99 on Friday. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.18 and a current ratio of 1.62. Vertiv Holdings Co has a one year low of $7.76 and a one year high of $27.33. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of -233.13, a PEG ratio of 1.43 and a beta of 1.58. The stock has a 50 day moving average price of $12.64 and a 200 day moving average price of $11.46.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on VRT shares. Cowen raised Vertiv from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $11.75 to $20.00 in a report on Thursday, October 27th. Citigroup boosted their price target on Vertiv from $14.00 to $15.00 in a report on Thursday, August 4th. Deutsche Bank Aktiengesellschaft boosted their price target on Vertiv from $15.00 to $17.00 in a report on Thursday, October 27th. Cowen raised Vertiv from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $11.75 to $20.00 in a report on Thursday, October 27th. Finally, The Goldman Sachs Group boosted their price objective on Vertiv to $16.00 in a research report on Tuesday, November 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.50.

Insider Buying and Selling

In other news, Director Joseph J. Deangelo purchased 71,600 shares of the company’s stock in a transaction that occurred on Thursday, November 3rd. The stock was purchased at an average cost of $13.99 per share, for a total transaction of $1,001,684.00. Following the completion of the transaction, the director now owns 71,600 shares of the company’s stock, valued at $1,001,684. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 9.95% of the stock is owned by company insiders.

Vertiv Company 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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