Wilmington Savings Fund Society FSB Acquires New Position in Vertiv Holdings Co (NYSE:VRT)

Wilmington Savings Fund Society FSB purchased a new position in Vertiv Holdings Co (NYSE:VRT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,865 shares of the company’s stock, valued at approximately $584,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of VRT. World Investment Advisors LLC purchased a new stake in Vertiv during the 3rd quarter valued at $1,230,000. Sanctuary Advisors LLC lifted its holdings in Vertiv by 170.2% in the third quarter. Sanctuary Advisors LLC now owns 47,179 shares of the company’s stock worth $4,694,000 after buying an additional 29,719 shares during the period. Old West Investment Management LLC boosted its position in Vertiv by 44.1% during the 3rd quarter. Old West Investment Management LLC now owns 28,372 shares of the company’s stock valued at $2,823,000 after acquiring an additional 8,683 shares in the last quarter. TCW Group Inc. grew its holdings in shares of Vertiv by 9.5% during the 3rd quarter. TCW Group Inc. now owns 498,387 shares of the company’s stock worth $49,585,000 after acquiring an additional 43,148 shares during the period. Finally, Virtue Capital Management LLC raised its position in shares of Vertiv by 1.2% in the 3rd quarter. Virtue Capital Management LLC now owns 15,061 shares of the company’s stock worth $1,498,000 after acquiring an additional 177 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Insider Activity

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the sale, the insider now directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total value of $2,108,370.86. Following the transaction, the director now directly owns 3,425 shares in the company, valued at $470,526.50. The trade was a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 171,527 shares of company stock valued at $23,105,682 over the last three months. Insiders own 5.01% of the company’s stock.

Vertiv Price Performance

Shares of NYSE VRT opened at $125.78 on Monday. The firm has a market cap of $47.21 billion, a P/E ratio of 83.85, a PEG ratio of 1.29 and a beta of 1.61. Vertiv Holdings Co has a twelve month low of $44.31 and a twelve month high of $145.67. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The company has a 50 day moving average of $120.45 and a 200 day moving average of $98.12.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the business earned $0.52 earnings per share. The company’s revenue was up 19.0% on a year-over-year basis. As a group, research analysts expect that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be paid a $0.0375 dividend. The ex-dividend date is Tuesday, December 3rd. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. Vertiv’s payout ratio is currently 6.67%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on VRT shares. Oppenheimer upped their price target on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. increased their price target on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th. UBS Group started coverage on shares of Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 price objective on the stock. Jefferies Financial Group started coverage on shares of Vertiv in a research note on Monday, October 7th. They set a “buy” rating and a $125.00 target price for the company. Finally, Mizuho upped their price target on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $140.09.

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.