NTV Asset Management LLC Makes New $347,000 Investment in Vertiv Holdings Co. (NYSE:VRT)

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in shares of Vertiv by 2,000.0% during the 4th quarter. Assetmark Inc. now owns 546 shares of the company's stock worth $62,000 after purchasing an additional 520 shares during the period. Proficio Capital Partners LLC acquired a new position in Vertiv in the fourth quarter valued at about $14,495,000. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Vertiv by 8.4% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,325 shares of the company's stock worth $291,000 after purchasing an additional 180 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Vertiv by 17.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 32,954 shares of the company's stock valued at $3,744,000 after buying an additional 4,888 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in Vertiv by 30.5% in the fourth quarter. Larson Financial Group LLC now owns 1,095 shares of the company's stock valued at $124,000 after buying an additional 256 shares during the period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Price Performance

Shares of Vertiv stock traded down $8.29 on Thursday, reaching $120.09. The company's stock had a trading volume of 16,966,937 shares, compared to its average volume of 8,576,098. The company has a market capitalization of $45.76 billion, a P/E ratio of 69.58, a PEG ratio of 1.25 and a beta of 1.75. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $155.84. The stock has a 50-day moving average price of $111.72 and a 200-day moving average price of $103.70. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 1.09.

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

Vertiv Increases Dividend

The business also recently disclosed 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%.

Insiders Place Their Bets

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the business'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 transaction, the insider owned 18,847 shares of the company's stock, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction on Friday, June 6th. The shares were sold at an average price of $115.83, for a total value of $5,059,801.89. Following the completion of the sale, the executive vice president owned 9,551 shares in the company, valued at $1,106,292.33. This represents a 82.06% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.63% of the company's stock.

Wall Street Analyst Weigh In

VRT has been the subject of several research reports. Melius raised shares of Vertiv from a "hold" rating to a "buy" rating and set a $165.00 price objective for the company in a research report on Tuesday. Morgan Stanley cut their price target 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. The Goldman Sachs Group raised their target price on shares of Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Citigroup increased their price target on shares of Vertiv from $98.00 to $130.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Finally, Barclays lifted their price target on shares of Vertiv from $90.00 to $110.00 and gave the company an "equal weight" rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Vertiv presently has an average rating of "Buy" and a consensus target price of $132.94.

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.