Bradley Foster & Sargent Inc. CT boosted its holdings in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 5.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,433 shares of the company’s stock after purchasing an additional 1,968 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Vertiv were worth $5,345,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Financial Management Professionals Inc. raised its position in shares of Vertiv by 1,560.0% during the third quarter. Financial Management Professionals Inc. now owns 166 shares of the company’s stock valued at $25,000 after buying an additional 156 shares during the last quarter. Promus Capital LLC purchased a new position in Vertiv during the second quarter valued at $26,000. Pacer Advisors Inc. increased its holdings in Vertiv by 67.6% in the 3rd quarter. Pacer Advisors Inc. now owns 171 shares of the company’s stock valued at $26,000 after acquiring an additional 69 shares during the last quarter. True Wealth Design LLC lifted its stake in Vertiv by 54.0% in the 3rd quarter. True Wealth Design LLC now owns 194 shares of the company’s stock worth $29,000 after purchasing an additional 68 shares in the last quarter. Finally, Quent Capital LLC bought a new position in shares of Vertiv during the 3rd quarter valued at about $30,000. 89.92% of the stock is owned by hedge funds and other institutional investors.
Vertiv Stock Up 3.4%
Shares of VRT opened at $261.85 on Thursday. 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 has a fifty day moving average of $191.06 and a 200 day moving average of $170.12. The company has a market cap of $100.18 billion, a PE ratio of 76.79, a P/E/G ratio of 1.27 and a beta of 2.08. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $264.86.
Analysts Set New Price Targets
VRT has been the topic of several research reports. Royal Bank Of Canada lifted their target price on Vertiv from $200.00 to $266.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Oppenheimer reaffirmed an “outperform” rating and issued a $270.00 price objective on shares of Vertiv in a research note on Thursday, February 12th. Weiss Ratings raised Vertiv from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 13th. Barclays raised their target price on shares of Vertiv from $200.00 to $281.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Finally, Zacks Research upgraded shares of Vertiv from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $230.28.
Read Our Latest Stock Report on Vertiv
Vertiv Company Profile
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.
See Also
- Five stocks we like better than Vertiv
- Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why
- ALERT: Drop these 5 stocks before the market opens tomorrow!
- Elon Musk: This Could Turn $100 into $100,000
- Read this or regret it forever
- The Next Commodity Crunch (bigger than oil?)
Want to see what other hedge funds are holding VRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vertiv Holdings Co. (NYSE:VRT – Free Report).
Receive News & Ratings for Vertiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vertiv and related companies with MarketBeat.com's FREE daily email newsletter.
