Wilmington Savings Fund Society FSB Purchases 1,016 Shares of Vertiv Holdings Co (NYSE:VRT)

Wilmington Savings Fund Society FSB increased its position in shares of Vertiv Holdings Co (NYSE:VRT) by 17.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,881 shares of the company’s stock after buying an additional 1,016 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Vertiv were worth $782,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC lifted its stake in shares of Vertiv by 60.7% during the 4th quarter. Kingsview Wealth Management LLC now owns 5,873 shares of the company’s stock worth $667,000 after buying an additional 2,219 shares during the last quarter. Apollon Wealth Management LLC lifted its position in Vertiv by 14.8% during the fourth quarter. Apollon Wealth Management LLC now owns 11,363 shares of the company’s stock worth $1,291,000 after acquiring an additional 1,469 shares during the last quarter. Almanack Investment Partners LLC. boosted its holdings in shares of Vertiv by 11.1% during the fourth quarter. Almanack Investment Partners LLC. now owns 4,220 shares of the company’s stock worth $479,000 after acquiring an additional 420 shares during the period. Mezzasalma Advisors LLC grew its position in shares of Vertiv by 24.6% in the fourth quarter. Mezzasalma Advisors LLC now owns 20,008 shares of the company’s stock valued at $2,273,000 after purchasing an additional 3,945 shares during the last quarter. Finally, SOA Wealth Advisors LLC. bought a new position in shares of Vertiv during the fourth quarter worth approximately $26,000. 89.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on VRT shares. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research note on Tuesday, January 28th. Barclays started coverage on shares of Vertiv in a research report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 target price for the company. Fox Advisors began coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating on the stock. The Goldman Sachs Group boosted their price objective on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Bank of America raised their target price on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $139.36.

Vertiv Price Performance

Vertiv stock opened at $125.85 on Tuesday. The stock has a fifty day moving average of $124.39 and a 200-day moving average of $107.42. The stock has a market capitalization of $47.23 billion, a P/E ratio of 83.90, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. Vertiv Holdings Co has a 52 week low of $55.00 and a 52 week high of $155.84.

Vertiv Increases Dividend

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

Insider Activity

In other news, EVP Stephen Liang sold 86,619 shares of the 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 completion of the transaction, the executive vice president now directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jan Van Dokkum sold 38,647 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $136.39, for a total value of $5,271,064.33. Following the sale, the director now owns 25,000 shares in the company, valued at $3,409,750. This represents a 60.72 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 171,527 shares of company stock worth $23,105,682. Corporate insiders own 5.01% of the company’s stock.

Vertiv 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.