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

Nemes Rush Group LLC grew its holdings in Vertiv Holdings Co (NYSE:VRT) by 266.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,249 shares of the company’s stock after buying an additional 1,635 shares during the quarter. Nemes Rush Group LLC’s holdings in Vertiv were worth $256,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. SOA Wealth Advisors LLC. purchased a new stake in Vertiv in the fourth quarter worth $26,000. OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv in the 4th quarter worth about $30,000. Tradewinds Capital Management LLC boosted its stake in shares of Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Vertiv during the 4th quarter valued at about $34,000. Finally, Pittenger & Anderson Inc. raised its stake in Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on VRT. Royal Bank of Canada assumed coverage on Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price objective on the stock. Melius Research reaffirmed a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Evercore ISI lowered their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research report on Tuesday, January 28th. Finally, Morgan Stanley began coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.33.

Vertiv Stock Up 4.3 %

VRT stock opened at $75.29 on Wednesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. Vertiv Holdings Co has a 1-year low of $62.40 and a 1-year high of $155.84. The stock has a market capitalization of $28.67 billion, a P/E ratio of 58.82, a P/E/G ratio of 1.07 and a beta of 1.71. The business has a fifty day moving average price of $100.11 and a 200-day moving average price of $111.51.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the business posted $0.56 earnings per share. Equities analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s dividend payout ratio is currently 11.72%.

About Vertiv

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.