New England Research & Management Inc. Makes New Investment in Vertiv Holdings Co (NYSE:VRT)

New England Research & Management Inc. purchased a new position in Vertiv Holdings Co (NYSE:VRT) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 10,243 shares of the company’s stock, valued at approximately $740,000.

Other institutional investors have also added to or reduced their stakes in the company. Tradewinds Capital Management LLC boosted its holdings in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares in the last quarter. Pittenger & Anderson Inc. lifted its holdings in shares of Vertiv by 92.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after purchasing an additional 150 shares during the period. Colonial Trust Co SC lifted its holdings in shares of Vertiv by 211.9% during the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company’s stock worth $36,000 after purchasing an additional 214 shares during the period. Ameriflex Group Inc. acquired a new stake in shares of Vertiv during the fourth quarter worth about $37,000. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Vertiv by 150.7% during the fourth quarter. TD Private Client Wealth LLC now owns 371 shares of the company’s stock worth $42,000 after purchasing an additional 223 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Down 3.2%

Vertiv stock opened at $110.78 on Friday. The stock has a market capitalization of $42.22 billion, a PE ratio of 86.55, a price-to-earnings-growth ratio of 1.07 and a beta of 1.73. Vertiv Holdings Co has a 12 month low of $53.60 and a 12 month high of $155.84. The business has a 50 day simple moving average of $94.49 and a 200-day simple moving average of $103.99. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) 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 61.41% and a net margin of 6.19%. 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. On average, analysts anticipate 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 will be paid on Thursday, June 26th. Investors of record on Tuesday, June 17th will be given a dividend of $0.0375 per share. This represents a dividend yield of 0.14%. This is a boost from Vertiv’s previous dividend of $0.01. The ex-dividend date of this dividend is Monday, June 16th. Vertiv’s payout ratio is presently 8.72%.

Analyst Upgrades and Downgrades

VRT has been the subject of a number of research reports. Cowen reaffirmed a “buy” rating on shares of Vertiv in a report on Thursday, April 24th. Citigroup decreased their target price on Vertiv from $153.00 to $98.00 and set a “buy” rating for the company in a report on Monday, April 14th. Royal Bank of Canada initiated coverage on Vertiv in a report on Friday, March 7th. They set an “outperform” rating and a $121.00 target price for the company. Roth Mkm began coverage on Vertiv in a report on Tuesday, April 8th. They set a “buy” rating and a $75.00 target price for the company. Finally, Roth Capital upgraded Vertiv to a “strong-buy” rating in a research report on Monday, April 7th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Vertiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.69.

Insider Buying and Selling

In related news, EVP Stephen Liang sold 43,683 shares of the business’s 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 now directly owns 9,551 shares in the company, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Karsten Winther sold 5,500 shares of the business’s 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 now owns 18,847 shares of the company’s stock, valued at $1,777,837.51. The trade was 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 company insiders.

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.