QRG Capital Management Increases Stake in Vertiv Holdings Co

QRG Capital Management Inc. has significantly increased its investment in Vertiv Holdings Co (NYSE:VRT), raising its stake by 62.3% during the fourth quarter of the previous year. According to the latest filing with the Securities and Exchange Commission (SEC), the firm acquired a total of 40,225 shares of Vertiv's stock following the purchase of an additional 15,438 shares in that period. QRG Capital Management's holdings in Vertiv were valued at approximately $4,570,000 based on this recent filing with the SEC.

Institutional Participation and Stakeholders

Several other institutional investors and hedge funds have also taken steps to adjust their positions in Vertiv. For instance, SOA Wealth Advisors LLC made a new investment in the company in the fourth quarter, amounting to about $26,000. Similarly, Mark Sheptoff Financial Planning LLC increased its investment in Vertiv by 200%, now owning 300 shares valued at $30,000 after the acquisition of 200 more shares during the last quarter. Brooklyn Investment Group also acquired a new position in the third quarter, with an investment worth $30,000. Additionally, OLD Second National Bank of Aurora and Tradewinds Capital Management LLC purchased new shares in Vertiv during the fourth quarter, each investing around $30,000 and raising their stake by 61.3%, respectively. Collectively, institutional investors and hedge funds own about 89.92% of the stock.

Current Stock Performance

As of Friday, shares of Vertiv opened at $95.09. The company possesses a debt-to-equity ratio of 1.19, along with a quick ratio of 1.02 and a current ratio of 1.65. Vertiv Holdings Co has shown a fifty-two week low of $62.40 and a fifty-two week high of $155.84. The company's market performance is reflected in its 50-day simple moving average of $118.34 and a 200-day simple moving average of $110.27. Furthermore, Vertiv has a market capitalization of approximately $35.69 billion, a price-to-earnings ratio of 74.29, a price-to-earnings-growth ratio of 1.07, and a beta of 1.64.

Recent Earnings Report

Vertiv (NYSE:VRT) recently announced its quarterly earnings data, revealing earnings per share (EPS) of $0.99 for the quarter, exceeding analysts' expectations of $0.84 by $0.15. The company reported a return on equity of 61.41% and a net margin of 6.19%. This performance shows a notable increase from the previous year when the company’s EPS was $0.56. Analysts forecast that Vertiv Holdings Co is set to post an EPS of 3.59 for the current year.

Analysts' Ratings and Future Outlook

Various research analysts have recently commented on Vertiv’s prospects. TD Cowen raised its price target for the stock from $115.00 to $141.00, assigning it a "buy" rating. Melius, however, downgraded Vertiv from a "buy" to a "hold" rating, setting a price target of $125.00. Meanwhile, Morgan Stanley initiated coverage and assigned an "overweight" rating with a price objective of $150.00. Mizuho raised its price target from $125.00 to $145.00, giving the stock an "outperform" rating. In total, four analysts have rated the stock as a "hold," while eleven have given it a "buy" rating, leading to an average rating of "Moderate Buy" and a mean target price of $138.57 according to MarketBeat.

Company Overview

Vertiv Holdings Co, along with its subsidiaries, specializes in designing, manufacturing, and servicing critical digital infrastructure technologies and lifecycle services for data centers, communication networks, as well as commercial and industrial environments across North America, Asia Pacific, Europe, the Middle East, and Africa.

Conclusion

The significant increase in QRG Capital Management's stake in Vertiv Holdings Co highlights growing confidence in the company. With multiple institutional investments and positive analysts' forecasts, Vertiv appears to be on a promising path in the market.

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