Fifth Third Bancorp Sells 16,285 Shares of Vertiv Holdings Co. $VRT

Fifth Third Bancorp trimmed its holdings in shares of Vertiv Holdings Co. (NYSE:VRT) by 16.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,135 shares of the company’s stock after selling 16,285 shares during the quarter. Fifth Third Bancorp’s holdings in Vertiv were worth $19,820,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. State Street Corp grew its position in shares of Vertiv by 4.5% during the 2nd quarter. State Street Corp now owns 16,531,530 shares of the company’s stock worth $5,535,087,000 after buying an additional 704,970 shares in the last quarter. Wellington Management Group LLP grew its holdings in Vertiv by 14.1% during the 2nd quarter. Wellington Management Group LLP now owns 3,794,360 shares of the company’s stock worth $1,270,428,000 after acquiring an additional 468,380 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Vertiv by 1.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,709,276 shares of the company’s stock valued at $678,890,000 after purchasing an additional 51,328 shares during the period. Bank of New York Mellon Corp increased its position in Vertiv by 33.7% during the 1st quarter. Bank of New York Mellon Corp now owns 2,410,642 shares of the company’s stock valued at $604,059,000 after purchasing an additional 608,176 shares during the period. Finally, Legal & General Group Plc increased its position in Vertiv by 1.1% during the 2nd quarter. Legal & General Group Plc now owns 2,138,967 shares of the company’s stock valued at $716,169,000 after purchasing an additional 23,444 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Vertiv

In related news, Director Edward Monser sold 15,287 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $253.82, for a total value of $3,880,146.34. Following the completion of the transaction, the director owned 16,500 shares in the company, valued at $4,188,030. This trade represents a 48.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on VRT shares. UBS Group restated a “buy” rating and set a $370.00 target price on shares of Vertiv in a report on Thursday, July 30th. HSBC cut their price target on Vertiv from $376.00 to $365.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Jefferies Financial Group reduced their price target on Vertiv from $320.00 to $245.00 and set a “hold” rating for the company in a research report on Thursday, July 30th. TD Cowen boosted their price target on Vertiv from $356.00 to $357.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Finally, Evercore set a $375.00 price objective on Vertiv in a research note on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $333.70.

Vertiv Price Performance

Shares of VRT stock opened at $201.60 on Friday. Vertiv Holdings Co. has a fifty-two week low of $147.82 and a fifty-two week high of $379.93. The firm has a market capitalization of $77.63 billion, a price-to-earnings ratio of 37.68, a PEG ratio of 0.67 and a beta of 2.11. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.01 and a current ratio of 1.39. The stock’s 50-day simple moving average is $231.31 and its 200-day simple moving average is $270.23.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.39. The firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $3.75 billion. Vertiv had a net margin of 15.99% and a return on equity of 53.31%. The company’s revenue for the quarter was up 61.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.24 earnings per share. As a group, equities analysts forecast that Vertiv Holdings Co. will post 7.17 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Tuesday, November 24th will be paid a $0.10 dividend. This is a positive change from Vertiv’s previous quarterly dividend of $0.0625. The ex-dividend date is Tuesday, November 24th. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. Vertiv’s dividend payout ratio (DPR) is 4.67%.

Recent Vertiv Headlines

Investors following VRT have been watching these headlines:

• Positive Sentiment: Vertiv raised its annual dividend by 60%, from $0.25 to $0.40 per share. The next quarterly payment is $0.10 per share, payable December 17 to shareholders of record November 24—an indication of confidence in cash generation, though the dividend remains modest. Vertiv declares quarterly dividend
• Positive Sentiment: The company launched the PowerStation 3100 RPP, a power-distribution panel designed for AI and high-performance-computing racks above 100 kW. It supports 600–1,200 amps on one platform and is available in North America, giving Vertiv another product aimed at data-center demand. Vertiv introduces high-density remote power panel
• Positive Sentiment: Vertiv also introduced PowerNexus MV UPS, an outdoor medium-voltage system intended to help AI data centers connect to the grid faster and preserve indoor space for computing equipment. The company plans a dedicated laboratory to develop and test the technology. Vertiv introduces medium-voltage power system

About Vertiv

Vertiv Holdings Co. (NYSE: VRT) designs, manufactures and services critical digital infrastructure used by data centers, communications networks and commercial and industrial facilities. Its offerings help customers maintain reliable power, cooling and operating conditions for technology systems. The company’s products and solutions include uninterruptible power supplies, power distribution equipment, thermal management systems, racks, integrated modular infrastructure, and monitoring and control software.