8,266 Shares in Vertiv Holdings Co (NYSE:VRT) Purchased by Gemmer Asset Management LLC

Gemmer Asset Management LLC acquired a new position in Vertiv Holdings Co (NYSE:VRT) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 8,266 shares of the company’s stock, valued at approximately $597,000.

Several other large investors also recently bought and sold shares of the business. SOA Wealth Advisors LLC. purchased a new position in Vertiv in the fourth quarter worth about $26,000. Tradewinds Capital Management LLC boosted its position in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after purchasing an additional 111 shares during the last quarter. Pittenger & Anderson Inc. boosted its position in Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after purchasing an additional 150 shares during the last quarter. Colonial Trust Co SC boosted its position in Vertiv by 211.9% in the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company’s stock worth $36,000 after purchasing an additional 214 shares during the last quarter. Finally, Ameriflex Group Inc. purchased a new position in Vertiv in the fourth quarter worth about $37,000. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Up 2.9%

NYSE VRT opened at $115.47 on Friday. The stock’s 50 day moving average is $89.98 and its 200 day moving average is $104.87. 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 Holdings Co has a 12 month low of $53.60 and a 12 month high of $155.84. The stock has a market cap of $44.01 billion, a PE ratio of 90.21, a P/E/G ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the firm earned $0.43 EPS. The firm’s revenue was up 24.2% compared to the same quarter last year. Research analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Stephen Liang sold 43,683 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $115.83, for a total value of $5,059,801.89. Following the transaction, the executive vice president now directly owns 9,551 shares of the company’s stock, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the sale, the insider now directly owns 18,847 shares in the company, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is owned by insiders.

Analysts Set New Price Targets

VRT has been the topic of several research reports. Citigroup dropped their target price on Vertiv from $153.00 to $98.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Morgan Stanley dropped their target price on Vertiv from $140.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. KGI Securities initiated coverage on Vertiv in a research report on Thursday, April 24th. They issued a “hold” rating on the stock. The Goldman Sachs Group dropped their target price on Vertiv from $135.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, Barclays dropped their target price on Vertiv from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Friday, April 4th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $122.38.

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.