Kiker Wealth Management LLC Invests $1.75 Million in Vertiv Holdings Co (NYSE:VRT)

Kiker Wealth Management LLC bought a new stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 15,431 shares of the company's stock, valued at approximately $1,753,000. Vertiv comprises 1.4% of Kiker Wealth Management LLC's holdings, making the stock its 17th largest holding.

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

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Analyst Ratings Changes

A number of brokerages have commented on VRT. Melius Research restated a "hold" rating and issued a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Morgan Stanley assumed coverage on shares of Vertiv in a research note on Monday, January 6th. They set an "overweight" rating and a $150.00 target price on the stock. Barclays dropped their price target on shares of Vertiv from $131.00 to $111.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. Evercore ISI decreased their price objective on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Finally, Fox Advisors assumed coverage on shares of Vertiv in a report on Monday, January 6th. They issued an "equal weight" rating for the company. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Vertiv has an average rating of "Moderate Buy" and a consensus price target of $136.07.

Vertiv Price Performance

Shares of VRT traded up $5.15 during mid-day trading on Monday, hitting $93.78. 6,216,503 shares of the stock were exchanged, compared to its average volume of 8,523,396. The firm has a 50-day moving average of $107.46 and a two-hundred day moving average of $111.41. Vertiv Holdings Co has a 52-week low of $62.40 and a 52-week high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The company has a market cap of $35.71 billion, a PE ratio of 73.27, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same quarter last year, the company earned $0.56 earnings per share. On average, equities analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv's payout ratio is 11.72%.

Vertiv Company 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.