Vertiv Holdings Co Inc (NYSE:VRT) Short Interest Up 21.1% in March


Vertiv Holdings Co (NYSE:VRT – Get Rating) saw significant growth in short-term interest in March. As of March 31, there was short interest totaling 9,640,000 shares, up 21.1% from the March 15 total of 7,960,000 shares. Based on an average daily trading volume of 5,060,000 shares, the short interest ratio is currently 1.9 days. About 3.2% of the stock’s shares are sold short.

The VRT has been the subject of a number of reports by research analysts. Cowen downgraded Vertiv from an “outperforming” rating to a “market performing” rating and set a target price of $11.50 for the stock. in a research note on Thursday, February 24. JPMorgan Chase & Co. upgraded Vertiv from a “neutral” rating to an “overweight” rating and reduced its price target for the company from $29.00 to $18.00 in a Friday, April 1 research note . Vertical Research reaffirmed a “hold” rating and set a price target of $15.00 on shares of Vertiv in a Wednesday, February 23 research note. TheStreet upgraded Vertiv from a “c-” rating to a “d” rating in a Wednesday, February 23 research note. Finally, Goldman Sachs Group cut its price target on Vertiv from $18.00 to $16.00 and set a “buy” rating on the stock in a Tuesday, March 22 research note. One research analyst has assigned the stock a sell rating, five have assigned a hold rating and four have assigned the stock a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.65.

In other Vertiv news, Executive Vice President Patrick R. Johnson acquired 10,000 shares in a transaction that took place on Thursday, March 3. The shares were purchased at an average price of $11.50 per share, for a total transaction of $115,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Additionally, CEO Robert Joseph Johnson sold 100,000 shares in a trade on Friday, February 25. The shares were sold at an average price of $12.77, for a total value of $1,277,000.00. The disclosure of this sale can be found here. Insiders bought 38,000 shares of the company worth $475,960 during the last quarter. 5.06% of the shares are currently held by insiders of the company.

Several hedge funds have recently increased or reduced their stake in VRT. Standard Family Office LLC purchased a new stock position in Vertiv during the fourth quarter worth approximately $26,000. NEXT Financial Group Inc increased its equity stake in Vertiv by 235.1% during the fourth quarter. NEXT Financial Group Inc now owns 1,793 shares of the company valued at $44,000 after purchasing an additional 1,258 shares in the last quarter. Captrust Financial Advisors increased its equity stake in Vertiv by 148.2% during the third quarter. Captrust Financial Advisors now owns 2,090 shares of the company valued at $50,000 after buying 1,248 additional shares in the last quarter. Missouri Trust & Investment Co bought a new position in shares of Vertiv during the fourth quarter worth about $50,000. Finally, Altshuler Shaham Ltd bought a new position in shares of Vertiv during the third quarter worth approximately $61,000. Hedge funds and other institutional investors hold 81.95% of the company’s shares.

VRT traded down $0.69 on Tuesday, hitting $13.07. The company had a trading volume of 4,145,812 shares, compared to its average volume of 4,852,877. The company has a debt ratio of 2.08, a current ratio of 1.45 and a quick ratio of 1.12. Vertiv has a 52-week low of $9.59 and a 52-week high of $28.80. The stock has a fifty-day simple moving average of $14.36 and a 200-day simple moving average of $20.75. The company has a market capitalization of $4.91 billion, a P/E ratio of 39.85, a P/E/G ratio of 1.17 and a beta of 1.14.

Vertiv (NYSE:VRT – Get Rating) last released its quarterly earnings data on Thursday, February 24. The company reported EPS of $0.04 for the quarter, missing Thomson Reuters consensus estimate of $0.28 per ($0.24). Vertiv had a return on equity of 30.27% and a net margin of 2.39%. The company posted revenue of $1.41 billion in the quarter, compared to analysts’ expectations of $1.42 billion. In the same quarter last year, the company earned earnings per share of $0.33. The company’s quarterly revenue increased 8.1% year over year. Equity research analysts expect Vertiv to post earnings per share of 0.64 for the current fiscal year.

About Vertiv (Get a rating)

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures and services critical digital infrastructure technologies and lifecycle services for data centers, communications networks, and commercial and industrial environments. It offers AC and DC power management products, thermal management products, integrated rack systems, modular solutions and management systems for monitoring and controlling digital infrastructure that are integral parts of technologies used for various services, including e-commerce, online banking, file sharing. , video on demand, energy storage, wireless communications, Internet of Things and online games.

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