NTV Asset Management LLC Makes New Investment in Vertiv Holdings Co. (NYSE:VRT)

NTV Asset Management LLC acquired a new stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,800 shares of the company's stock, valued at approximately $347,000.

Several other hedge funds have also added to or reduced their stakes in VRT. North Star Investment Management Corp. boosted its position in shares of Vertiv by 4,120.0% in the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after acquiring an additional 412 shares during the period. Colonial Trust Co SC grew its position in Vertiv by 211.9% in the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after acquiring an additional 214 shares during the last quarter. Ameriflex Group Inc. acquired a new position in Vertiv during the 4th quarter worth approximately $37,000. TD Private Client Wealth LLC lifted its stake in shares of Vertiv by 37.5% in the 1st quarter. TD Private Client Wealth LLC now owns 510 shares of the company's stock valued at $37,000 after acquiring an additional 139 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. acquired a new stake in shares of Vertiv during the first quarter valued at about $43,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Citigroup boosted their price objective on shares of Vertiv from $98.00 to $130.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Evercore ISI reissued an "outperform" rating and issued a $150.00 price objective (up previously from $100.00) on shares of Vertiv in a research note on Tuesday, May 27th. The Goldman Sachs Group boosted their target price on shares of Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Finally, Morgan Stanley reduced 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. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Vertiv currently has an average rating of "Buy" and an average price target of $132.94.

Vertiv Stock Performance

Vertiv stock traded up $2.54 during mid-day trading on Wednesday, reaching $128.43. The company's stock had a trading volume of 4,900,546 shares, compared to its average volume of 8,530,152. The firm's fifty day moving average price is $110.86 and its two-hundred day moving average price is $103.53. The company has a market capitalization of $48.95 billion, a P/E ratio of 74.67, a PEG ratio of 1.25 and a beta of 1.75. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the business earned $0.43 EPS. The business's revenue for the quarter was up 24.2% on a year-over-year basis. Sell-side analysts predict that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a yield of 0.14%. This is a positive change from Vertiv's previous dividend of $0.01. Vertiv's payout ratio is 8.72%.

Insider Activity at Vertiv

In other news, EVP Stephen Liang sold 43,683 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the completion of the sale, the executive vice president owned 9,551 shares of the company's stock, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the sale, the insider directly owned 18,847 shares in the company, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their position. The disclosure for this sale can be found here. 5.01% of the stock is owned by corporate insiders.

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.