Alberta Investment Management Corp's $3.74 Million Stake in Vertiv Holdings Co

Alberta Investment Management Corp has recently made a significant investment in Vertiv Holdings Co (NYSE: VRT), acquiring a new stake in the company during the fourth quarter. This information comes from the fund's latest 13F filing with the U.S. Securities and Exchange Commission (SEC). The firm purchased 32,900 shares of Vertiv's stock, which is valued at approximately $3,738,000.

Recent Institutional Activity

Other institutional investors and hedge funds have also been active in buying and selling shares of Vertiv. For instance, SOA Wealth Advisors LLC acquired a new position in Vertiv worth about $26,000 during the fourth quarter. Similarly, Global Trust Asset Management LLC purchased shares during the third quarter for approximately $30,000. Mark Sheptoff Financial Planning LLC raised its stake in Vertiv by 200% in the same quarter and now owns 300 shares valued at about $30,000 after buying an additional 200 shares. Brooklyn Investment Group also entered a new investment in Vertiv worth around $30,000, while OLD Second National Bank of Aurora established a new position during the fourth quarter with a valuation close to $30,000. Institutional investors and hedge funds collectively own about 89.92% of Vertiv's stock.

Analysts' Perspective on Vertiv's Future

Several analysts have provided their forecasts regarding Vertiv's stock. Mizuho has adjusted its price target for Vertiv shares from $125.00 to $145.00 and gave the stock an “outperform” rating. Likewise, Evercore ISI reduced its price target from $150.00 to $145.00, still maintaining an “outperform” rating. On January 6th, Morgan Stanley began coverage of Vertiv and set an “overweight” rating along with a $150.00 price objective. Additionally, UBS Group assigned a “buy” rating with a target price of $155.00. TD Cowen raised its price target from $115.00 to $141.00, also giving Vertiv a “buy” rating. In summary, four analysts recommend holding the stock, while eleven have a buy rating. Vertiv currently holds an average rating of “Moderate Buy” with a consensus target price of $138.57, according to MarketBeat.com.

Insider Transactions

In recent insider trading news, Director Jan Van Dokkum sold 38,647 shares of Vertiv on November 25th, fetching an average price of $136.39 per share for a total of about $5,271,064.33. After this sale, he still holds 25,000 shares valued at approximately $3,409,750, reflecting a 60.72% drop in his ownership. Furthermore, EVP Stephen Liang sold 86,619 shares the next day at an average price of $131.07, totaling $11,353,152.33. Post-sale, he controls 19,551 shares, worth around $2,562,549.57, indicating an 81.59% decrease in his holdings. Insiders currently own about 5.01% of Vertiv's stock.

Current Stock Performance

As of the latest update, Vertiv's stock (NYSE: VRT) was trading at $104.56, showing a market capitalization of $39.24 billion. The stock’s price-to-earnings ratio stands at 81.69, and its price-to-earnings-growth ratio is measured at 1.12, with a beta of 1.64. Over the past 12 months, Vertiv has experienced a low of $55.00 and a high of $155.84. Current financial metrics reveal a debt-to-equity ratio of 1.60, a quick ratio of 1.02, and a current ratio of 1.38. Vertiv's fifty-day moving average is noted at $121.49, while the two-hundred-day average sits at $109.27. The company last reported its earnings on February 12th, achieving earnings per share (EPS) of $0.99, surpassing the consensus estimate of $0.84, and demonstrating a year-on-year increase from $0.56 EPS. Analysts project a total EPS of 3.59 for the current year.

About Vertiv Holdings Co

Vertiv Holdings Co, alongside its subsidiaries, specializes in designing, manufacturing, and servicing critical digital infrastructure technologies and lifecycle services. Their target markets include data centers, communication networks, as well as commercial and industrial environments worldwide, covering regions such as the Americas, Asia Pacific, Europe, the Middle East, and Africa.

Investment, Stocks, Vertiv