NBC Securities Inc. Grows Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

NBC Securities Inc. grew its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 148,457.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,798 shares of the company's stock after purchasing an additional 20,784 shares during the period. NBC Securities Inc.'s holdings in Vertiv were worth $1,501,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Empowered Funds LLC lifted its position in shares of Vertiv by 67.0% during the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock worth $1,043,000 after acquiring an additional 3,682 shares in the last quarter. Sound View Wealth Advisors Group LLC purchased a new stake in Vertiv during the 4th quarter worth about $1,218,000. Schroder Investment Management Group boosted its stake in Vertiv by 95.3% in the 4th quarter. Schroder Investment Management Group now owns 1,167,536 shares of the company's stock worth $135,621,000 after purchasing an additional 569,722 shares during the period. Bedell Frazier Investment Counselling LLC bought a new position in Vertiv in the 4th quarter worth about $415,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Vertiv by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,746,111 shares of the company's stock valued at $198,376,000 after buying an additional 45,917 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Price Performance

VRT traded up $0.53 during midday trading on Wednesday, hitting $112.87. The stock had a trading volume of 4,999,696 shares, compared to its average volume of 8,873,357. Vertiv Holdings Co has a 1 year low of $53.60 and a 1 year high of $155.84. 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 business has a fifty day moving average of $87.61 and a 200 day moving average of $105.06. The company has a market cap of $43.02 billion, a P/E ratio of 88.18, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The company had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The firm's revenue was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. As a group, equities analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently disclosed 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 0.13%. Vertiv's dividend payout ratio is currently 8.72%.

Insider Activity

In other Vertiv news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction that occurred 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 transaction, the insider now directly owns 18,847 shares of the company's stock, valued at $1,777,837.51. The trade was a 22.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.63% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on VRT shares. Cowen reissued a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Royal Bank of Canada assumed coverage on shares of Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target for the company. KGI Securities began coverage on shares of Vertiv in a research report on Thursday, April 24th. They set a "hold" rating for the company. Evercore ISI reiterated an "outperform" rating and issued a $150.00 price objective (up previously from $100.00) on shares of Vertiv in a research report on Tuesday, May 27th. Finally, The Goldman Sachs Group reduced their target price on Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $122.38.

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.