Fidelity Management & Research Co has recently announced that it has increased stake in Vertiv Holdings Co (NYSE:VRT) by 256.40%. After grabbing 42.16 million shares, the institutional investor is now in possession of 30.33 million shares of the Industrials Company. The new investment brought the stake of investor firm to 11.05% having worth around $1.84 billion. Moreover, The Vanguard Group, Inc. increased its share by 3.4 million to have a control over 31.16 million shares. And BlackRock Fund Advisors raised its holdings to 1.14 million shares by acquiring 12.7 million shares or 3.33% of the stake.
Vertiv Holdings Co (VRT) concluded trading on December 20, 2023 at a closing price of $47.25, with 3.51 million shares of worth about $165.67 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 102.70% during that period and On Wednesday the price saw a loss of about -4.00%. Currently the company’s common shares owned by public are about 377.37M shares, out of which, 348.27M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 26 times over the past 12 months. They bought 71,009 shares in 2 of the transactions. In 24 selling transactions, insiders dumped 36,384,594 shares.
Hardman Johnston Global Equity, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Vertiv Holdings Co Hardman Johnston Global Equity is currently holding 14.45 million shares of worth totaling $630.7 million. The company recently came buying 14.45 million shares which brought its stake up to 3.79% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 17812.0 shares, after which its hold over company’s outstanding shares expand to 2.81%, leaving 10.71 million shares with the mutual fund that have a worth of about $467.7 million. Vanguard Small Cap Index Fund, after buying 8.83 million shares, have now control over 2.32% of the stake in the company. It holds 18992.0 shares of worth $385.64 million.
Stock saw a price change of -1.44% in past 5 days and over the past one month there was a price change of 6.06%. Year-to-date (YTD), VRT shares are showing a performance of 245.90% which increased to 272.63% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.95 but also hit the highest price of $50.23 during that period. The average intraday trading volume for Vertiv Holdings Co shares is 6.63 million. The stock is currently trading 4.00% above its 20-day simple moving average (SMA20), while that difference is up 11.88% for SMA50 and it goes to 64.39% higher than SMA200.
Fidelity Management & Research Co acquired 42.16 million shares of Vertiv Holdings Co having value of about $1.84 billion. Data submitted at the U.S SEC by Fidelity Management & Research Co revealed that the firm now holds 30.33 million shares in the company valued at close to $1433131481.25, or have control over 256.40% stake in the company. Vertiv Holdings Co (NYSE: VRT) currently have 377.37M outstanding shares and institutions hold larger chunk of about 87.92% of that. Holding of mutual funds in the company is about 49.55% while other institutional holders and individual stake holders have control over 6.62% and 40.30% of the stake respectively.
The stock has a current market capitalization of $18.02B and its 3Y-monthly beta is at 1.49. PE ratio of stock for trailing 12 months is 72.55, while it has posted earnings per share of $0.65 in the same period. Its PEG reads 1.01 and has Quick Ratio of 1.28 while making debt-to-equity ratio of 1.82. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VRT, volatility over the week remained 3.99% while standing at 4.53% over the month.
Analysts are in expectations that Vertiv Holdings Co (VRT) stock would likely to be making an EPS of $0.52 in the current quarter, while forecast for next quarter EPS is $0.35 and it is $2.22 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.5 which is $0.55 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.28 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 228.76% while it is estimated to increase by 27.43% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on August 02, 2023 offering a Buy rating for the stock and assigned a target price of $40 to it.
