Neville Rodie & Shaw Inc. Raises Stake in Vertiv Holdings Co (NYSE:VRT)

Neville Rodie & Shaw Inc. increased its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 33.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,355 shares of the company's stock after purchasing an additional 13,800 shares during the period. Neville Rodie & Shaw Inc.'s holdings in Vertiv were worth $3,997,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Vertiv by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock valued at $4,130,415,000 after acquiring an additional 1,244,780 shares in the last quarter. Jennison Associates LLC boosted its stake in Vertiv by 68.6% in 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 in the last quarter. Geode Capital Management LLC boosted its stake in Vertiv by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock valued at $688,260,000 after acquiring an additional 99,181 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in Vertiv during the 4th quarter worth $597,379,000. Finally, Wellington Management Group LLP boosted its stake in Vertiv by 25.3% during the 4th quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock worth $557,349,000 after purchasing an additional 990,361 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Price Performance

Shares of VRT stock traded up $0.23 during midday trading on Monday, reaching $108.16. 1,680,252 shares of the company traded hands, compared to its average volume of 8,885,003. The firm's 50 day simple moving average is $86.34 and its two-hundred day simple moving average is $105.09. 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 current ratio of 1.65 and a quick ratio of 1.02. The firm has a market cap of $41.22 billion, a PE ratio of 84.57, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results 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. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the firm earned $0.43 EPS. The company's revenue for the quarter was up 24.2% on a year-over-year basis. On average, equities research 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 was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. Vertiv's payout ratio is 8.72%.

Insider Activity

In other news, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the transaction, the insider now directly owns 18,847 shares of the company's stock, valued at $1,777,837.51. This trade represents a 22.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.63% of the company's stock.

Wall Street Analysts Forecast Growth

VRT has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price target on shares of Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. KGI Securities started coverage on shares of Vertiv in a research note on Thursday, April 24th. They set a "hold" rating for the company. Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. The Goldman Sachs Group decreased their target price on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Morgan Stanley decreased their target price on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $122.38.

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.