Wilmington Savings Fund Society FSB Invests $584,000 in Vertiv Holdings Co (NYSE:VRT)

Wilmington Savings Fund Society FSB acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,865 shares of the company's stock, valued at approximately $584,000.

Other institutional investors also recently bought and sold shares of the company. Anchor Investment Management LLC purchased a new position in shares of Vertiv during the second quarter worth about $26,000. Krane Funds Advisors LLC acquired a new stake in Vertiv during the 3rd quarter worth approximately $29,000. Global Trust Asset Management LLC purchased a new position in shares of Vertiv in the 3rd quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC increased its holdings in shares of Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock valued at $30,000 after purchasing an additional 200 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in shares of Vertiv during the third quarter worth approximately $30,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Price Performance

Shares of VRT traded up $0.17 on Monday, reaching $125.95. The stock had a trading volume of 4,847,260 shares, compared to its average volume of 8,118,648. The firm has a 50-day moving average of $120.45 and a 200 day moving average of $98.12. The firm has a market capitalization of $47.27 billion, a PE ratio of 83.15, 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.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $1.98 billion. During the same quarter last year, the business posted $0.52 earnings per share. The business's revenue for the quarter was up 19.0% on a year-over-year basis. Sell-side analysts expect that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. The ex-dividend date is Tuesday, December 3rd. This is an increase from Vertiv's previous quarterly dividend of $0.03. Vertiv's dividend payout ratio is 6.67%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on VRT shares. Evercore ISI lifted their price objective on shares of Vertiv from $125.00 to $135.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted 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. The Goldman Sachs Group increased their price target on shares of Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. TD Cowen lifted their price objective on Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Finally, Bank of America increased their target price on Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $140.09.

Insider Activity

In other news, EVP Stephen Liang sold 86,619 shares of the company's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the sale, the executive vice president now directly owns 19,551 shares in the company, valued at $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following 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 disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock worth $23,105,682 over the last ninety days. 5.01% of the stock is currently owned by insiders.

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.