Oppenheimer & Co. Inc. raised its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 70.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,983 shares of the company's stock after acquiring an additional 32,304 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Vertiv were worth $8,860,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in VRT. Allworth Financial LP raised its stake in shares of Vertiv by 18.6% in the 3rd quarter. Allworth Financial LP now owns 638 shares of the company's stock valued at $63,000 after purchasing an additional 100 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Vertiv by 1.5% in the third quarter. Nisa Investment Advisors LLC now owns 26,500 shares of the company's stock valued at $2,636,000 after buying an additional 400 shares during the last quarter. abrdn plc raised its stake in Vertiv by 110.2% during the third quarter. abrdn plc now owns 101,498 shares of the company's stock valued at $10,098,000 after buying an additional 53,217 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in Vertiv by 19.9% during the 3rd quarter. New York State Teachers Retirement System now owns 31,278 shares of the company's stock worth $3,112,000 after buying an additional 5,187 shares during the last quarter. Finally, First Trust Direct Indexing L.P. grew its position in shares of Vertiv by 47.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,084 shares of the company's stock worth $406,000 after acquiring an additional 1,310 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Several research firms recently issued reports on VRT. Barclays dropped their price target on Vertiv from $142.00 to $131.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Fox Advisors initiated coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an "equal weight" rating on the stock. Melius Research reaffirmed a "hold" rating and issued a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Evercore ISI dropped their price objective 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, UBS Group began coverage on Vertiv in a research note on Wednesday, November 13th. They issued a "buy" rating and a $155.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Vertiv currently has an average rating of "Moderate Buy" and a consensus target price of $138.57.

Check Out Our Latest Research Report on VRT

Shares of NYSE VRT opened at $92.18 on Friday. Vertiv Holdings Co has a 12-month low of $62.40 and a 12-month high of $155.84. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The company has a market cap of $34.60 billion, a PE ratio of 72.02, a P/E/G ratio of 1.07 and a beta of 1.64. The stock has a 50 day simple moving average of $118.84 and a 200-day simple moving average of $110.12.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the business earned $0.56 earnings per share. On average, equities research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

(Free Report)

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.

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