Principal Securities Inc. Purchases 2,131 Shares of Vertiv Holdings Co (NYSE:VRT)

Principal Securities Inc. lifted its position in Vertiv Holdings Co (NYSE:VRT) by 71.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,128 shares of the company’s stock after buying an additional 2,131 shares during the period. Principal Securities Inc.’s holdings in Vertiv were worth $583,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VRT. Silverleafe Capital Partners LLC purchased a new position in shares of Vertiv during the fourth quarter valued at approximately $4,219,000. Foundations Investment Advisors LLC raised its holdings in shares of Vertiv by 7.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock valued at $21,076,000 after purchasing an additional 13,559 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Vertiv by 67.0% during the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock valued at $1,043,000 after purchasing an additional 3,682 shares during the last quarter. Janney Capital Management LLC purchased a new position in shares of Vertiv during the third quarter valued at approximately $8,403,000. Finally, Gordian Capital Singapore Pte Ltd raised its holdings in shares of Vertiv by 112.5% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock valued at $846,000 after purchasing an additional 4,500 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling

In other Vertiv news, Director Jan Van Dokkum sold 38,647 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the completion of the transaction, the director now owns 25,000 shares in the company, valued at $3,409,750. This trade represents a 60.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephen Liang sold 86,619 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the transaction, the executive vice president now owns 19,551 shares of the company’s stock, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. 5.01% of the stock is owned by company insiders.

Vertiv Price Performance

Shares of NYSE:VRT opened at $95.92 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The firm has a fifty day moving average price of $120.90 and a 200 day moving average price of $109.46. Vertiv Holdings Co has a fifty-two week low of $61.25 and a fifty-two week high of $155.84. The firm has a market cap of $36.00 billion, a price-to-earnings ratio of 74.93, a P/E/G ratio of 1.10 and a beta of 1.64.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same quarter last year, the business earned $0.56 earnings per share. As a group, sell-side analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on VRT. Citigroup boosted their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. Barclays reduced their target price on shares of Vertiv from $142.00 to $131.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Morgan Stanley assumed coverage on shares of Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price for the company. Melius Research reaffirmed a “hold” rating and set a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Finally, Mizuho upped their target price on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Vertiv has an average rating of “Moderate Buy” and an average price target of $138.57.

About Vertiv

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.