NWK Group Inc. Takes $4.43 Million Position in Vertiv Holdings Co (NYSE:VRT)

NWK Group Inc. 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 institutional investor bought 38,957 shares of the company's stock, valued at approximately $4,426,000. Vertiv accounts for approximately 1.7% of NWK Group Inc.'s portfolio, making the stock its 21st biggest holding.

Several other institutional investors have also recently bought and sold shares of the business. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Vertiv by 53.3% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 185,438 shares of the company's stock valued at $21,068,000 after acquiring an additional 64,450 shares during the period. Capital World Investors boosted its holdings in shares of Vertiv by 7.3% in the 4th quarter. Capital World Investors now owns 11,438 shares of the company's stock worth $1,299,000 after purchasing an additional 774 shares in the last quarter. Dnca Finance grew its holdings in shares of Vertiv by 125.7% during the 4th quarter. Dnca Finance now owns 39,500 shares of the company's stock valued at $4,488,000 after purchasing an additional 22,000 shares during the last quarter. Forum Financial Management LP bought a new position in shares of Vertiv in the fourth quarter worth approximately $307,000. Finally, Arrow Capital Pty Ltd purchased a new position in Vertiv during the 4th quarter valued at about $1,101,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Wall Street Analysts Forecast Growth

VRT has been the subject of several recent analyst reports. Citigroup lowered their price target on Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Royal Bank of Canada initiated coverage on Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 price target for the company. Barclays cut their price target on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Melius Research reiterated a "hold" rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Finally, Morgan Stanley assumed coverage on Vertiv in a research report on Monday, January 6th. They set an "overweight" rating and a $150.00 price target on the stock. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $121.94.

Vertiv Trading Up 11.7 %

Shares of VRT stock traded up $8.43 on Wednesday, hitting $80.25. The company had a trading volume of 17,477,879 shares, compared to its average volume of 9,067,659. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. Vertiv Holdings Co has a twelve month low of $53.60 and a twelve month high of $155.84. The stock's 50-day moving average is $82.61 and its two-hundred day moving average is $108.08. The firm has a market cap of $30.56 billion, a P/E ratio of 62.70, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. On average, equities research analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is presently 11.72%.

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.