Nemes Rush Group LLC Acquires 1,500 Shares of Vertiv Holdings Co. (NYSE:VRT)

Nemes Rush Group LLC increased its holdings in Vertiv Holdings Co. (NYSE:VRT) by 66.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,749 shares of the company’s stock after acquiring an additional 1,500 shares during the period. Nemes Rush Group LLC’s holdings in Vertiv were worth $271,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. GW&K Investment Management LLC bought a new position in shares of Vertiv in the first quarter valued at approximately $26,000. North Star Investment Management Corp. grew its holdings in shares of Vertiv by 4,120.0% in the first quarter. North Star Investment Management Corp. now owns 422 shares of the company’s stock valued at $30,000 after acquiring an additional 412 shares in the last quarter. Sachetta LLC grew its holdings in shares of Vertiv by 242.0% in the first quarter. Sachetta LLC now owns 448 shares of the company’s stock valued at $32,000 after acquiring an additional 317 shares in the last quarter. Colonial Trust Co SC grew its holdings in shares of Vertiv by 211.9% in the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company’s stock valued at $36,000 after acquiring an additional 214 shares in the last quarter. Finally, Ameriflex Group Inc. bought a new position in shares of Vertiv in the fourth quarter valued at approximately $37,000. 89.92% of the stock is owned by institutional investors.

Vertiv Price Performance

Vertiv stock opened at $137.52 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.72 and a quick ratio of 1.28. Vertiv Holdings Co. has a one year low of $53.60 and a one year high of $155.84. The firm has a market capitalization of $52.41 billion, a P/E ratio of 79.96, a PEG ratio of 1.37 and a beta of 1.75. The business has a fifty day moving average price of $118.59 and a 200-day moving average price of $103.98.

Vertiv Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were given a $0.0375 dividend. This represents a dividend yield of 0.14%. The ex-dividend date of this dividend was Monday, June 16th. This is an increase from Vertiv’s previous dividend of $0.01. Vertiv’s dividend payout ratio (DPR) is 8.72%.

Insiders Place Their Bets

In related news, EVP Stephen Liang sold 43,683 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $115.83, for a total value of $5,059,801.89. Following the sale, the executive vice president owned 9,551 shares in the company, valued at approximately $1,106,292.33. This trade represents a 82.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Karsten Winther sold 5,500 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the sale, the insider owned 18,847 shares in the company, valued at $1,777,837.51. This trade represents a 22.59% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.01% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on VRT shares. KGI Securities started coverage on Vertiv in a report on Thursday, April 24th. They set a “hold” rating for the company. Roth Mkm started coverage on Vertiv in a report on Tuesday, April 8th. They set a “buy” rating and a $75.00 price objective for the company. Roth Capital raised Vertiv to a “strong-buy” rating in a report on Monday, April 7th. Oppenheimer increased their price objective on Vertiv from $132.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, July 17th. Finally, Wall Street Zen raised Vertiv from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 21st. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Vertiv has a consensus rating of “Buy” and a consensus price target of $136.76.

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.