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

Kiker Wealth Management LLC bought a new position in shares of Vertiv Holdings Co (NYSE:VRT) in the 4th 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 accounts for approximately 1.4% of Kiker Wealth Management LLC’s portfolio, making the stock its 17th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Fifth Third Bancorp boosted its stake in shares of Vertiv by 8.1% during the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock worth $128,000 after acquiring an additional 84 shares during the period. Accurate Wealth Management LLC boosted its stake in shares of Vertiv by 4.1% during the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock worth $254,000 after acquiring an additional 87 shares during the period. 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 worth $33,000 after acquiring an additional 111 shares during the period. Bouvel Investment Partners LLC boosted its stake in shares of Vertiv by 1.1% during the 4th quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company’s stock worth $1,261,000 after acquiring an additional 117 shares during the period. Finally, Petra Financial Advisors Inc. boosted its stake in shares of Vertiv by 2.2% during the 4th quarter. Petra Financial Advisors Inc. now owns 5,479 shares of the company’s stock worth $623,000 after acquiring an additional 119 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VRT has been the subject of several research reports. Fox Advisors initiated coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating for the company. Citigroup lifted their price target on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Evercore ISI dropped their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Melius Research reissued a “hold” rating and set a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Finally, 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. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $136.07.

Vertiv Price Performance

Shares of NYSE VRT opened at $89.07 on Friday. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84. The business has a fifty day moving average price of $108.26 and a two-hundred day moving average price of $110.87. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The stock has a market capitalization of $33.92 billion, a PE ratio of 69.59, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last issued its quarterly earnings data 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 quarter last year, the company posted $0.56 EPS. As a group, equities analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be given a dividend of $0.0375 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.17%. Vertiv’s dividend payout ratio is currently 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.