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) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 investment portfolio, making the stock its 17th largest position.

Several other large investors also recently made changes to their positions in the business. Jennison Associates LLC lifted its stake in shares of Vertiv by 68.6% during the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock valued at $880,971,000 after acquiring an additional 3,153,932 shares during the period. State Street Corp lifted its stake in shares of Vertiv by 4.2% during the third quarter. State Street Corp now owns 7,635,081 shares of the company’s stock valued at $759,614,000 after acquiring an additional 308,704 shares during the period. Geode Capital Management LLC lifted its stake in shares of Vertiv by 7.4% during the third quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company’s stock valued at $592,433,000 after acquiring an additional 408,054 shares during the period. Wellington Management Group LLP lifted its stake in shares of Vertiv by 271.0% during the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after acquiring an additional 2,860,181 shares during the period. Finally, Westfield Capital Management Co. LP lifted its stake in shares of Vertiv by 1.1% during the third quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company’s stock valued at $359,315,000 after acquiring an additional 40,696 shares during the period. Institutional investors own 89.92% of the company’s stock.

Vertiv Stock Down 0.1 %

NYSE:VRT opened at $89.07 on Friday. 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 $33.92 billion, a PE ratio of 69.59, a PEG ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 52-week low of $62.40 and a 52-week high of $155.84. The stock has a 50-day simple moving average of $108.26 and a 200 day simple moving average of $110.87.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) 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 in the prior year, the firm earned $0.56 earnings per share. On average, sell-side analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be paid a $0.0375 dividend. 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 11.72%.

Analyst Upgrades and Downgrades

VRT has been the topic of several research reports. Fox Advisors initiated coverage on Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating on the stock. Citigroup upped their price target on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Morgan Stanley initiated coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price on the stock. Evercore ISI cut their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Finally, Barclays cut their target price on Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $136.07.

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.