Fred Alger Management Reduces $35M in Vertiv Holdings Co ($VRT)
Key Points
- Fred Alger Management changed its Vertiv Holdings Co ($VRT) stake by 18.28% last quarter, cutting to 472,924 shares worth $156.35 million.
- Wall Street's consensus rating on $VRT is Strong Buy and an average price target of $338.15.
- $VRT last traded around $330.60.
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Fred Alger Management reduced its position in Vertiv Holdings Co ($VRT) by 18.28% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 472,924 shares of Vertiv Holdings Co after selling 105,792 shares during the quarter. Fred Alger Management's holdings in Vertiv Holdings Co were worth $156.35 million as of its most recent filing.
Vertiv Holdings Co Stock Up 28.6%
Shares of Vertiv Holdings Co ($VRT) traded around $330.60 on Saturday, up 28.6% for the day.
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About Vertiv Holdings Co
Vertiv Holdings Co 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. The company offers AC and DC power management products, low/medium voltage switchgear, busbar, thermal management products, air cooled and liquid cooled thermal management products, integrated modular solutions, racks, single phase UPS, rack power distribution, rack thermal systems, configurable integrated solutions, energy storage solutions, hardware, and software infrastructure that are integral to the technologies used for various services, including artificial intelligence, e-commerce, online banking, file sharing, video on-demand, energy storage, wireless communications, Internet of Things, and online gaming. It also provides lifecycle management services, predictive analytics, and professional services for deploying, maintaining, and optimizing its products and their related systems; and preventative maintenance, acceptance testing, engineering and consulting, fluid management, performance assessments, remote monitoring, training, spare parts, and critical digital infrastructure software services. The company offers its products primarily under the Vertiv, Liebert, NetSure, Geist, Energy Labs, ERS, Albér, and Avocent brands. It serves through a network of direct sales professionals, independent sales representatives, channel partners, and original equipment manufacturers. The company is headquartered in Westerville, Ohio.
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