Nemes Rush Group LLC Increases Stock Position in Vertiv Holdings Co (NYSE:VRT)

Nemes Rush Group LLC boosted its holdings in Vertiv Holdings Co (NYSE:VRT) by 266.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,249 shares of the company’s stock after buying an additional 1,635 shares during the period. Nemes Rush Group LLC’s holdings in Vertiv were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Silverleafe Capital Partners LLC bought a new stake in shares of Vertiv during the 4th quarter valued at $4,219,000. Foundations Investment Advisors LLC grew its holdings in Vertiv by 7.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock valued at $21,076,000 after buying an additional 13,559 shares in the last quarter. Empowered Funds LLC increased its position in shares of Vertiv by 67.0% during the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock valued at $1,043,000 after buying an additional 3,682 shares during the period. Gordian Capital Singapore Pte Ltd lifted its holdings in shares of Vertiv by 112.5% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock worth $846,000 after buying an additional 4,500 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of Vertiv by 3,417.9% in the fourth quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock valued at $110,544,000 after acquiring an additional 936,698 shares during the period. Institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

Shares of NYSE:VRT opened at $75.29 on Wednesday. The company’s fifty day moving average is $100.11 and its 200 day moving average is $111.51. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a 52 week low of $62.40 and a 52 week high of $155.84. The stock has a market cap of $28.67 billion, a PE ratio of 58.82, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same period in the prior year, the company earned $0.56 EPS. Research analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Analyst Ratings Changes

A number of analysts recently weighed in on VRT shares. Fox Advisors started coverage on shares of Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. Citigroup upped their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Barclays dropped their price objective on Vertiv from $111.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 26th. Melius Research restated a “hold” rating and issued a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Finally, Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.33.

Vertiv Profile

Vertiv Holdings Co, together with its subsidiaries, 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.