New South Capital Management Inc. Has $152.37 Million Holdings in Vertiv Holdings Co. (NYSE:VRT)

New South Capital Management Inc. grew its holdings in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,110,392 shares of the company's stock after buying an additional 34,643 shares during the period. Vertiv accounts for about 7.3% of New South Capital Management Inc.'s investment portfolio, making the stock its 2nd biggest holding. New South Capital Management Inc. owned 0.55% of Vertiv worth $152,370,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Metis Global Partners LLC lifted its stake in Vertiv by 7.1% during the fourth quarter. Metis Global Partners LLC now owns 4,931 shares of the company's stock valued at $560,000 after buying an additional 329 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Vertiv by 91.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,240 shares of the company's stock worth $144,000 after acquiring an additional 592 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Vertiv by 511.2% during the fourth quarter. Jones Financial Companies Lllp now owns 71,421 shares of the company's stock valued at $8,114,000 after purchasing an additional 59,735 shares during the last quarter. LGT Group Foundation grew its stake in shares of Vertiv by 5.9% in the 4th quarter. LGT Group Foundation now owns 44,262 shares of the company's stock valued at $5,029,000 after buying an additional 2,479 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Vertiv during the 4th quarter worth $240,000. Institutional investors own 89.92% of the company's stock.

Insider Activity at Vertiv

In related news, EVP Stephen Liang sold 43,683 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the sale, the executive vice president directly owned 9,551 shares in the company, valued at $1,106,292.33. This trade represents a 82.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction 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 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 ownership of the stock. The disclosure for this sale can be found here. 2.63% of the stock is owned by corporate insiders.

Vertiv Trading Up 2.9%

NYSE:VRT traded up $3.59 during mid-day trading on Friday, hitting $127.92. The company had a trading volume of 4,003,595 shares, compared to its average volume of 8,540,647. 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 fifty-two week low of $53.60 and a fifty-two week high of $155.84. The firm has a market cap of $48.75 billion, a P/E ratio of 74.37, a P/E/G ratio of 1.24 and a beta of 1.75. The business's fifty day moving average is $108.43 and its two-hundred day moving average is $103.44.

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

Vertiv Increases Dividend

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

Wall Street Analysts Forecast Growth

VRT has been the topic of a number of recent analyst reports. Royal Bank Of Canada started coverage on Vertiv in a research note on Friday, March 7th. They issued an "outperform" rating and a $121.00 price objective on the stock. Citigroup boosted their price target on Vertiv from $98.00 to $130.00 and gave the company a "buy" rating in a research note on Monday, June 16th. The Goldman Sachs Group lifted their target price on shares of Vertiv from $106.00 to $122.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Evercore ISI reissued an "outperform" rating and issued a $150.00 price target (up previously from $100.00) on shares of Vertiv in a research report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. raised 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. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $126.69.

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.