Insider Selling: Vertiv Holdings Co (NYSE:VRT) EVP Sells 46,206 Shares of Stock

Vertiv Holdings Co (NYSE:VRT) EVP Anders Karlborg sold 46,206 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $93.75, for a total transaction of $4,331,812.50. Following the completion of the transaction, the executive vice president now directly owns 23,003 shares of the company’s stock, valued at approximately $2,156,531.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Vertiv Stock Down 2.4 %

Shares of NYSE VRT traded down $2.35 during midday trading on Tuesday, hitting $94.91. 5,718,537 shares of the company’s stock were exchanged, compared to its average volume of 8,168,723. The firm’s fifty day simple moving average is $80.75 and its 200-day simple moving average is $60.37. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 0.98. The company has a market cap of $35.53 billion, a PE ratio of 91.26, a P/E/G ratio of 1.41 and a beta of 1.55. Vertiv Holdings Co has a twelve month low of $14.68 and a twelve month high of $97.49.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $0.24 earnings per share. Research analysts predict that Vertiv Holdings Co will post 2.42 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were paid a $0.025 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.10 annualized dividend and a yield of 0.11%. Vertiv’s dividend payout ratio is presently 9.62%.

Institutional Trading of Vertiv

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bogart Wealth LLC purchased a new stake in Vertiv in the 1st quarter valued at $25,000. Atticus Wealth Management LLC acquired a new position in Vertiv in the first quarter valued at $27,000. Hazlett Burt & Watson Inc. acquired a new position in Vertiv in the first quarter valued at $34,000. RiverPark Advisors LLC acquired a new stake in shares of Vertiv during the first quarter worth about $35,000. Finally, ORG Partners LLC acquired a new stake in shares of Vertiv during the first quarter worth about $37,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

VRT has been the subject of several recent research reports. Mizuho raised their price target on shares of Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. Evercore ISI boosted their target price on Vertiv from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Oppenheimer upped their price target on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Bank of America boosted their price objective on Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, Citigroup raised their target price on shares of Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $81.11.

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.