Vertiv Holdings Co (NYSE:VRT) Shares Purchased by Nemes Rush Group LLC

Nemes Rush Group LLC increased its holdings in Vertiv Holdings Co (NYSE:VRT) by 170.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,663 shares of the company’s stock after purchasing an additional 1,049 shares during the quarter. Nemes Rush Group LLC’s holdings in Vertiv were worth $144,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA acquired a new position in shares of Vertiv during the 2nd quarter worth approximately $331,091,000. Price T Rowe Associates Inc. MD lifted its holdings in Vertiv by 303.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock valued at $390,143,000 after purchasing an additional 3,591,903 shares in the last quarter. Coatue Management LLC grew its position in shares of Vertiv by 19.5% in the fourth quarter. Coatue Management LLC now owns 13,811,848 shares of the company’s stock valued at $663,383,000 after purchasing an additional 2,249,353 shares during the period. Vanguard Group Inc. raised its position in shares of Vertiv by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock worth $2,745,930,000 after purchasing an additional 1,766,784 shares during the last quarter. Finally, Castle Hook Partners LP purchased a new position in Vertiv in the 1st quarter valued at about $135,987,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Stock Performance

NYSE VRT opened at $98.41 on Monday. The stock has a fifty day simple moving average of $80.81 and a 200-day simple moving average of $86.43. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90. The stock has a market cap of $36.84 billion, a PE ratio of 94.63, a P/E/G ratio of 1.26 and a beta of 1.58. Vertiv Holdings Co has a twelve month low of $34.60 and a twelve month high of $109.27.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The business’s revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. Equities analysts anticipate that Vertiv Holdings Co will post 2.58 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were paid a $0.025 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.10%. Vertiv’s payout ratio is presently 9.62%.

Wall Street Analyst Weigh In

Several research analysts recently commented on VRT shares. TD Cowen increased their price objective on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Mizuho upgraded shares of Vertiv from a “neutral” rating to an “outperform” rating and cut their price objective for the company from $95.00 to $92.00 in a report on Wednesday, August 7th. The Goldman Sachs Group dropped their price target on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Finally, Evercore ISI restated an “outperform” rating and issued a $105.00 target price on shares of Vertiv in a report on Thursday, August 15th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $102.13.

Insider Activity at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the completion of the transaction, the insider now directly owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 5.01% of the company’s stock.

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.