Eaton Vance Management raised its stake in shares of Vertiv Holdings Co (NYSE:VRT – Get Rating) by 3.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 96,955 shares of the company’s stock after purchasing an additional 3,086 shares during the quarter. Eaton Vance Management’s holdings in Vertiv were worth $942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. Brown Brothers Harriman & Co. raised its stake 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 acquiring an additional 2,166 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new position in shares of Vertiv during the third quarter worth approximately $44,000. Advisors Asset Management Inc. raised its stake in shares of Vertiv by 1,955.2% during the third quarter. Advisors Asset Management Inc. now owns 4,953 shares of the company’s stock worth $48,000 after acquiring an additional 4,712 shares in the last quarter. Hudock Inc. raised its stake in shares of Vertiv by 22.9% during the third quarter. Hudock Inc. now owns 7,441 shares of the company’s stock worth $72,000 after acquiring an additional 1,385 shares in the last quarter. Finally, Defined Wealth Management LLC purchased a new position in shares of Vertiv during the third quarter worth approximately $101,000. 98.59% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have commented on VRT. Cowen lifted their price target on shares of Vertiv from $20.00 to $22.00 in a research note on Thursday, February 23rd. Wolfe Research raised shares of Vertiv from a “market perform” rating to an “outperform” rating and set a $18.00 target price on the stock in a research note on Thursday, December 1st. Mizuho lifted their target price on shares of Vertiv from $10.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, January 13th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Vertiv from $17.00 to $19.00 in a research note on Thursday, February 23rd. Finally, Citigroup lifted their target price on shares of Vertiv from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, February 23rd. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.38.
Vertiv Stock Performance
Vertiv (NYSE:VRT – Get Rating) last released its quarterly earnings results on Wednesday, February 22nd. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.68 billion. Vertiv had a net margin of 1.35% and a return on equity of 14.61%. The business’s revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.04 EPS. As a group, research analysts predict that Vertiv Holdings Co will post 1.13 EPS for the current year.
Vertiv Holdings Co engages in the design, manufacture, and service of critical digital infrastructure technology that powers, cools, deploys, secures and maintains electronics that process, store and transmit data. It also offers power management products, thermal management products, integrated rack systems, modular solutions, and management systems for monitoring and controlling digital infrastructure.
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