Ingalls & Snyder LLC Acquires New Position in Vertiv Holdings Co (NYSE:VRT)

Ingalls & Snyder LLC bought a new position in shares of Vertiv Holdings Co (NYSE:VRT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,185 shares of the company’s stock, valued at approximately $317,000.

Several other institutional investors and hedge funds also recently bought and sold shares of VRT. Anchor Investment Management LLC purchased a new stake in shares of Vertiv during the 2nd quarter valued at approximately $26,000. Mather Group LLC. raised its position in Vertiv by 132.5% in the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares during the period. Krane Funds Advisors LLC purchased a new stake in Vertiv in the third quarter valued at $29,000. Global Trust Asset Management LLC acquired a new position in shares of Vertiv in the 3rd quarter valued at $30,000. Finally, Mark Sheptoff Financial Planning LLC grew its holdings in shares of Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on VRT shares. UBS Group assumed coverage on shares of Vertiv in a research report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price on the stock. Oppenheimer upped their price objective on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. The Goldman Sachs Group lifted their target price on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price objective on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Finally, TD Cowen increased their target price on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $138.50.

Vertiv Price Performance

Shares of NYSE VRT opened at $128.14 on Wednesday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The company has a market cap of $48.10 billion, a price-to-earnings ratio of 85.43, a price-to-earnings-growth ratio of 1.31 and a beta of 1.61. The stock’s 50-day moving average is $116.11 and its two-hundred day moving average is $96.69. Vertiv Holdings Co has a 1-year low of $43.66 and a 1-year high of $145.67.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the firm earned $0.52 earnings per share. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. Analysts forecast that Vertiv Holdings Co will post 2.69 EPS for the current fiscal 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 dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 3rd. Vertiv’s payout ratio is 6.67%.

Insider Transactions at Vertiv

In related news, 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 transaction, the insider now directly owns 19,448 shares of the company’s stock, valued at $2,751,114.08. This trade represents a 61.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the sale, the director now owns 3,425 shares in the company, valued at $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is currently owned by corporate 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.