APG Asset Management N.V. lifted its stake in Vertiv Holdings Co. (NYSE:VRT – Free Report) by 18.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 284,091 shares of the company’s stock after acquiring an additional 43,500 shares during the period. APG Asset Management N.V. owned 0.07% of Vertiv worth $42,858,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in VRT. Norges Bank acquired a new stake in Vertiv in the second quarter worth approximately $538,132,000. Winslow Capital Management LLC acquired a new stake in shares of Vertiv in the second quarter valued at $459,284,000. SG Americas Securities LLC boosted its stake in Vertiv by 102.7% during the second quarter. SG Americas Securities LLC now owns 26,837 shares of the company’s stock valued at $3,446,000 after buying an additional 1,026,837 shares in the last quarter. Invesco Ltd. grew its holdings in Vertiv by 20.9% during the second quarter. Invesco Ltd. now owns 5,931,488 shares of the company’s stock worth $761,662,000 after acquiring an additional 1,024,634 shares during the period. Finally, Federated Hermes Inc. raised its position in Vertiv by 934.8% in the third quarter. Federated Hermes Inc. now owns 1,098,150 shares of the company’s stock worth $165,667,000 after acquiring an additional 992,031 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.
Vertiv Trading Down 1.9%
Shares of VRT stock opened at $254.25 on Monday. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $264.86. The company has a market cap of $97.27 billion, a PE ratio of 74.56, a price-to-earnings-growth ratio of 1.29 and a beta of 2.02. The company has a quick ratio of 1.22, a current ratio of 1.55 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average is $195.04 and its two-hundred day moving average is $171.97.
Analysts Set New Price Targets
Several research firms have issued reports on VRT. Wolfe Research cut Vertiv from an “outperform” rating to a “peer perform” rating in a report on Tuesday, December 9th. TD Cowen reaffirmed a “buy” rating on shares of Vertiv in a research report on Thursday, February 12th. Barclays increased their price target on Vertiv from $200.00 to $281.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $281.00 price objective on shares of Vertiv in a report on Thursday, February 12th. Finally, Evercore reiterated an “outperform” rating and issued a $280.00 target price on shares of Vertiv in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $230.28.
Check Out Our Latest Research Report on Vertiv
About Vertiv
Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.
The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.
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