On September 1, 2023, it was reported that Fmr LLC had reduced its stake in Vertiv Holdings Co (NYSE:VRT) by 12.5% during the first quarter of the year. According to their disclosure with the Securities & Exchange Commission, the firm now owns 13,314,315 shares of Vertiv’s stock after selling 1,894,777 shares. This represents a decrease in ownership but still accounts for 3.51% of the company’s total shares and is valued at $190,528,000 as of the end of the reporting period.
In other news related to Vertiv (NYSE:VRT), their quarterly earnings data was recently released on August 2nd. The company reported earnings per share (EPS) of $0.46 for the quarter, surpassing analysts’ consensus estimate of $0.29 by $0.17. This positive performance in earnings can be attributed to a net margin of 2.84% and a return on equity of 31.02%. Additionally, Vertiv generated $1.73 billion in revenue during the quarter, exceeding expectations as analysts had predicted revenue to be around $1.62 billion. Comparatively, in the same quarter last year, the company earned $0.10 EPS, showcasing significant growth for this period with a revenue increase of 23.9%.
Looking ahead to future predictions from equities analysts, it is forecasted that Vertiv Holdings Co will post an EPS of 1.59 for the current fiscal year.
Additional noteworthy transactions involving Vertiv include Director Vpe Holdings shedding off an impressive amount of shares – precisely 20 million – on August 9th this year at an average price of $34.91 per share which totaled an astounding transaction value of $698,200,o00o0.o Following this sale event,Vpe Holdings now retains over seventeen million shares valued at $626,816,555.65. On the other hand, EVP Stephen Liang invested in Vertiv’s stock by purchasing 35,001 shares on June 9th at an average cost of $21.18 per share with a total value of $741,321.18. Subsequently, his stake in the company amounted to 105,814 shares which is approxiatedvalu d uedat$2 ,241,140.52.
These transactions by insiders are significant and should be taken into account when evaluating the outlook for Vertiv Holdings Co. It is important to note that over the last quarter alone, insiders have collectively sold 24,352,318 shares of company stock worth approximately $819,626,o00o0.00 This information reveals that currently 5.62% of the company’s stock is owned by insiders.
In conclusion, on September 1st it was reported that Fmr LLC had reduced its position in Vertiv Holdings Co by 12.5%. Additionally, recent earnings data for Vertive exhibited positive results and surpassed analysts’ expectations with a significant increase in revenue compared to the same period last year.
The recent transactions involving Director Vpe Holdings and EVP Stephen Liang further contribute to our understanding of the state of affairs at Vertiv Holdings Co. Overall investors may find these developments useful as they continue to evaluate their investment decisions surrounding this particular stock.Optionally you can add a conclusion paragraph after the previous sentence
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Large Investors Show Increasing Interest in Vertiv Holdings Co Amidst Positive Ratings and Growth Potential
September 1, 2023 – Vertiv Holdings Co (VRT) experienced some significant activity from large investors recently, with several of them modifying their holdings in the company. DekaBank Deutsche Girozentrale acquired a new position in Vertiv during the first quarter, totaling $27,000. Clear Street Markets LLC also bought a stake in the company during the fourth quarter worth around $27,000. CI Investments Inc. significantly increased its position in Vertiv by 986.4% during the same period and now owns 2,162 shares valued at $30,000. Brown Brothers Harriman & Co. saw a massive boost of 648.5% in their position in the first quarter, now owning 2,500 shares worth $35,000. Finally, Natixis joined in and purchased a new position in Vertiv during the fourth quarter for $93,000. It’s worth noting that institutional investors currently own approximately 92.37% of the stock.
On Friday’s market opening, VRT stock started at $39.40 per share. The stock has been showing some steady movement with a 50-day simple moving average of $29.80 and a two-hundred day simple moving average of $20.72. The company has seen its lowest price hit $9.48 over the past twelve months and reached an all-time high of $39.50 within the same timeframe (12 months). With a market capitalization of $14.99 billion and a price-earnings ratio of 83.82, Vertiv Holdings certainly catches the attention of investors with its high-growth potential and solid financials.
Several equities analysts have recently released reports on VRT shares providing valuable insights into its performance outlook and investment prospects as well. TD Cowen raised their target price for Vertiv from $40 to $41 while endorsing an “outperform” rating for the company. In a research report by TheStreet, Vertiv was upgraded from a “c” rating to a “b-” rating, reflecting positive trends in its operations. Evercore ISI analysts also showed optimism by increasing their target price on Vertiv shares from $20 to $30, further indicating potential growth in the future. Citigroup and Bank of America also joined the chorus of optimistic sentiment, raising their price targets on the stock from $21 to $29 and from $14 to $40 respectively.
The overall consensus from these analysts is that Vertiv Holdings Co is set for moderate buy ratings and has an average price target of $28.00 based on data from Bloomberg.com. This paints a picture of an increasingly positive sentiment towards Vertiv as it continues to demonstrate strong financial performance and leverage its position in the market.
In conclusion, large investors have shown increased interest in Vertiv Holdings Co recently, modifying their positions and capitalizing on its growth potential. With impressive financials and encouraging ratings from equities analysts, Vertiv appears poised for continued success in the market. Investors looking for opportunities may want to consider adding VRT stock to their portfolio given its promising outlook and potential for significant returns.
Note: This article is based solely on publicly available information as of September 1, 2023. Investors should conduct further research before making any investment decisions.
