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

NWK Group Inc. bought a new stake in Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, HoldingsChannel reports. The fund bought 38,957 shares of the company’s stock, valued at approximately $4,426,000. Vertiv comprises about 1.7% of NWK Group Inc.’s portfolio, making the stock its 21st largest position.

A number of other large investors have also added to or reduced their stakes in the company. SOA Wealth Advisors LLC. purchased a new stake in Vertiv during the 4th quarter valued at about $26,000. OLD Second National Bank of Aurora purchased a new stake in Vertiv during the 4th quarter valued at $30,000. Tradewinds Capital Management LLC increased its position in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after acquiring an additional 111 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Vertiv during the fourth quarter valued at about $34,000. Finally, Pittenger & Anderson Inc. boosted its holdings in shares of Vertiv by 92.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Trading Up 2.2 %

Vertiv stock opened at $73.24 on Friday. 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 cap of $27.89 billion, a P/E ratio of 57.22, a PEG ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 1 year low of $53.60 and a 1 year high of $155.84. The firm’s 50 day moving average price is $84.24 and its 200-day moving average price is $108.51.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the business posted $0.56 earnings per share. On average, equities analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Analyst Ratings Changes

A number of brokerages recently commented on VRT. Evercore ISI decreased their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Roth Mkm started coverage on shares of Vertiv in a research report on Tuesday, April 8th. They issued a “buy” rating and a $75.00 target price for the company. Morgan Stanley assumed coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target for the company. Fox Advisors began coverage on Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating on the stock. Finally, Barclays decreased their target price on Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday, April 4th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $121.94.

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.