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

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

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of 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 purchasing an additional 1,244,780 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 99,181 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Vertiv in the fourth quarter valued at about $597,379,000. Wellington Management Group LLP lifted its holdings in shares of Vertiv by 25.3% in the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock valued at $557,349,000 after purchasing an additional 990,361 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of Vertiv by 4.8% in the fourth quarter. Clearbridge Investments LLC now owns 3,647,326 shares of the company's stock valued at $414,373,000 after purchasing an additional 167,061 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Performance

Shares of Vertiv stock traded up $2.69 on Friday, hitting $123.41. The stock had a trading volume of 7,216,508 shares, compared to its average volume of 8,625,326. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $155.84. The business's 50 day moving average is $112.86 and its two-hundred day moving average is $103.76. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 1.09. The stock has a market cap of $47.03 billion, a price-to-earnings ratio of 71.75, a price-to-earnings-growth ratio of 1.20 and a beta of 1.75.

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

Vertiv Increases Dividend

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

Insider Buying and Selling

In related 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 sale, the executive vice president owned 9,551 shares of the company's stock, valued at $1,106,292.33. This represents a 82.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Karsten Winther sold 5,500 shares of the 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 sale, the insider directly owned 18,847 shares in the company, valued at $1,777,837.51. This represents a 22.59% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.63% of the company's stock.

Wall Street Analyst Weigh In

VRT has been the topic of a number of research reports. The Goldman Sachs Group boosted their price target on Vertiv from $106.00 to $122.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Morgan Stanley lowered their target price on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. KGI Securities assumed coverage on Vertiv in a research report on Thursday, April 24th. They issued a "hold" rating on the stock. Melius Research raised Vertiv from a "hold" rating to a "strong-buy" rating and lifted their target price for the company from $134.00 to $165.00 in a research report on Tuesday. Finally, Roth Capital raised Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Vertiv has a consensus rating of "Buy" and an average price target of $134.24.

About Vertiv

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.