Rothschild Investment LLC Makes New Investment in Vertiv Holdings Co (NYSE:VRT)

Rothschild Investment LLC purchased a new position in Vertiv Holdings Co (NYSE:VRT) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 1,164 shares of the company’s stock, valued at approximately $101,000.

Several other institutional investors also recently added to or reduced their stakes in VRT. Maryland State Retirement & Pension System increased its position in shares of Vertiv by 3.6% during the second quarter. Maryland State Retirement & Pension System now owns 27,895 shares of the company’s stock valued at $2,415,000 after purchasing an additional 969 shares during the period. Mezzasalma Advisors LLC bought a new stake in shares of Vertiv during the second quarter valued at approximately $780,000. Hantz Financial Services Inc. bought a new stake in shares of Vertiv during the second quarter valued at approximately $448,000. International Assets Investment Management LLC bought a new stake in shares of Vertiv during the second quarter valued at approximately $156,000. Finally, Signaturefd LLC increased its position in shares of Vertiv by 19.1% during the second quarter. Signaturefd LLC now owns 5,610 shares of the company’s stock valued at $486,000 after purchasing an additional 901 shares during the period. 89.92% of the stock is owned by institutional investors.

Vertiv Price Performance

Vertiv stock opened at $75.20 on Wednesday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.00 and a current ratio of 1.36. The firm has a market cap of $28.21 billion, a P/E ratio of 72.31, a P/E/G ratio of 1.08 and a beta of 1.58. The business’s fifty day moving average is $81.48 and its two-hundred day moving average is $83.93. Vertiv Holdings Co has a 52 week low of $34.60 and a 52 week high of $109.27.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The business’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 earnings per share. Equities research analysts forecast that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Mizuho upgraded Vertiv from a “neutral” rating to an “outperform” rating and lowered their price objective for the company from $95.00 to $92.00 in a research report on Wednesday, August 7th. Evercore ISI restated an “outperform” rating and set a $105.00 price objective on shares of Vertiv in a research report on Thursday, August 15th. The Goldman Sachs Group lowered their price objective on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. TD Cowen boosted their price target on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, Bank of America boosted their price target on Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $96.22.

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.