Vident Investment Advisory LLC Takes $987,000 Position in Vertiv Holdings Co (NYSE:VRT)

Vident Investment Advisory LLC acquired a new stake in Vertiv Holdings Co (NYSE:VRT) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 36,146 shares of the company’s stock, valued at approximately $987,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Board of Administration of Florida Retirement System grew its stake in shares of Vertiv by 0.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 110,097 shares of the company’s stock valued at $3,006,000 after buying an additional 432 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Vertiv by 1.0% in the first quarter. Stifel Financial Corp now owns 84,332 shares of the company’s stock valued at $1,687,000 after buying an additional 814 shares in the last quarter. Huntington National Bank grew its stake in shares of Vertiv by 172.2% in the second quarter. Huntington National Bank now owns 1,399 shares of the company’s stock valued at $38,000 after buying an additional 885 shares in the last quarter. Utah Retirement Systems grew its stake in shares of Vertiv by 7.9% in the first quarter. Utah Retirement Systems now owns 12,300 shares of the company’s stock valued at $246,000 after buying an additional 900 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Vertiv in the second quarter valued at $29,000. Institutional investors own 95.06% of the company’s stock.

Several equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Vertiv from a “buy” rating to a “sell” rating in a research note on Tuesday, September 14th. Cowen lifted their price objective on shares of Vertiv from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, July 29th. JPMorgan Chase & Co. cut shares of Vertiv from an “overweight” rating to a “neutral” rating and set a $25.00 price objective for the company. in a research report on Monday, September 13th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Vertiv from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, September 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vertiv has an average rating of “Buy” and a consensus price target of $27.43.

VRT stock opened at $21.86 on Thursday. The company has a fifty day moving average price of $25.56 and a two-hundred day moving average price of $24.99. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 75.38, a price-to-earnings-growth ratio of 1.26 and a beta of 0.88. Vertiv Holdings Co has a one year low of $16.65 and a one year high of $28.80. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.67 and a quick ratio of 1.34.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, July 28th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.07. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Vertiv had a net margin of 2.08% and a return on equity of 71.45%. Research analysts anticipate that Vertiv Holdings Co will post 1 EPS for the current fiscal year.

About Vertiv

Vertiv Holdings Co engages in the design, manufacturing, and service of critical digital infrastructure technology that powers, cools, deploys, secures and maintains electronics that process, store and transmit data. It also offers power management products, thermal management products, integrated rack systems, modular solutions, and management systems for monitoring and controlling digital infrastructure.

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Institutional Ownership by Quarter for Vertiv (NYSE:VRT)

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