Vertiv Holdings Co (NYSE:VRT) Holdings Trimmed by American Trust

American Trust trimmed its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 8.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,050 shares of the company’s stock after selling 1,944 shares during the period. American Trust’s holdings in Vertiv were worth $301,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of VRT. DekaBank Deutsche Girozentrale purchased a new stake in shares of Vertiv during the first quarter valued at $27,000. Clear Street Markets LLC purchased a new stake in shares of Vertiv during the fourth quarter valued at $27,000. CI Investments Inc. lifted its holdings in shares of Vertiv by 986.4% during the fourth quarter. CI Investments Inc. now owns 2,162 shares of the company’s stock valued at $30,000 after purchasing an additional 1,963 shares during the last quarter. 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 valued at $35,000 after purchasing an additional 2,166 shares during the last quarter. Finally, Natixis purchased a new stake in shares of Vertiv during the fourth quarter valued at $93,000. 92.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Scott Cripps sold 36,008 shares of the stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $38.47, for a total transaction of $1,385,227.76. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Vertiv news, CAO Scott Cripps sold 36,008 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $38.47, for a total value of $1,385,227.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Vpe Holdings, Llc sold 10,000,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $37.50, for a total value of $375,000,000.00. Following the completion of the sale, the director now directly owns 7,955,215 shares in the company, valued at approximately $298,320,562.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,117,192 shares of company stock valued at $1,190,569,581. Insiders own 5.62% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Citigroup increased their price objective on Vertiv from $21.00 to $29.00 in a research note on Friday, June 16th. TheStreet raised Vertiv from a “c” rating to a “b-” rating in a research note on Wednesday, August 2nd. Mizuho increased their price objective on Vertiv from $20.00 to $32.00 and gave the stock a “neutral” rating in a research note on Thursday, August 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on Vertiv from $39.00 to $49.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, 22nd Century Group reissued a “maintains” rating on shares of Vertiv in a research note on Thursday, June 29th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Vertiv currently has an average rating of “Moderate Buy” and an average price target of $33.00.

Vertiv Stock Performance

Shares of NYSE VRT opened at $38.17 on Friday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.20 and a current ratio of 1.64. The firm has a market cap of $14.52 billion, a price-to-earnings ratio of 81.21 and a beta of 1.41. The business’s 50-day simple moving average is $32.74 and its 200-day simple moving average is $22.32. Vertiv Holdings Co has a 52 week low of $9.48 and a 52 week high of $40.41.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.17. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.62 billion. Vertiv had a return on equity of 31.02% and a net margin of 2.84%. The firm’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 EPS. As a group, equities research analysts expect that Vertiv Holdings Co will post 1.59 earnings per share for the current fiscal year.

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.