Principal Financial Group Inc. Reduces Stock Position in Vertiv Holdings Co (NYSE:VRT)

Principal Financial Group Inc. trimmed its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 161,829 shares of the company’s stock after selling 3,728 shares during the quarter. Principal Financial Group Inc.’s holdings in Vertiv were worth $18,385,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in VRT. SOA Wealth Advisors LLC. purchased a new stake in Vertiv during the fourth quarter valued at approximately $26,000. Mark Sheptoff Financial Planning LLC lifted its stake in Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Vertiv during the third quarter valued at approximately $30,000. OLD Second National Bank of Aurora bought a new position in shares of Vertiv during the fourth quarter valued at approximately $30,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Vertiv in the fourth quarter worth approximately $34,000. Institutional investors own 89.92% of the company’s stock.

Vertiv Stock Down 5.2 %

Shares of NYSE VRT opened at $90.96 on Tuesday. Vertiv Holdings Co has a 12-month low of $62.40 and a 12-month high of $155.84. The stock’s fifty day simple moving average is $120.20 and its two-hundred day simple moving average is $110.18. The stock has a market capitalization of $34.14 billion, a PE ratio of 71.06, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last issued its quarterly earnings data 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 return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the prior year, the company earned $0.56 EPS. As a group, analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. TD Cowen boosted their price objective on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Oppenheimer upped their price target on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Morgan Stanley assumed coverage on shares of Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective for the company. Evercore ISI dropped their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and an average price target of $138.57.

Vertiv 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.