Vertiv Holdings Co (NYSE:VRT) Insider Sells $63,052.52 in Stock

Vertiv Holdings Co (NYSE:VRT) insider Yibin Edward Cui sold 668 shares of the firm’s stock in a transaction dated Saturday, May 4th. The shares were sold at an average price of $94.39, for a total value of $63,052.52. Following the transaction, the insider now directly owns 19,452 shares of the company’s stock, valued at approximately $1,836,074.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Vertiv Stock Down 2.4 %

Shares of VRT traded down $2.35 during midday trading on Tuesday, reaching $94.91. 5,718,537 shares of the stock were exchanged, compared to its average volume of 8,168,723. The company has a market cap of $35.53 billion, a price-to-earnings ratio of 91.26, a P/E/G ratio of 1.41 and a beta of 1.55. The firm has a 50 day simple moving average of $80.75 and a 200-day simple moving average of $60.37. Vertiv Holdings Co has a 12-month low of $14.68 and a 12-month high of $97.49. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 2.09.

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

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were issued a dividend of $0.025 per share. 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 (DPR) is presently 9.62%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Evercore ISI upped their target price on Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Mizuho lifted their price target on Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Citigroup raised their target price on shares of Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Finally, Bank of America raised their price objective on shares of Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $81.11.

Institutional Trading of Vertiv

Several large investors have recently modified their holdings of VRT. FMR LLC grew its holdings in Vertiv by 182.4% in the 3rd quarter. FMR LLC now owns 47,236,496 shares of the company’s stock valued at $1,757,198,000 after buying an additional 30,511,907 shares during the last quarter. Norges Bank acquired a new stake in shares of Vertiv in the fourth quarter worth $185,339,000. Vanguard Group Inc. increased its position in Vertiv by 12.1% during the third quarter. Vanguard Group Inc. now owns 31,628,757 shares of the company’s stock worth $1,176,590,000 after acquiring an additional 3,417,710 shares during the period. Coatue Management LLC raised its stake in Vertiv by 19.5% during the 4th quarter. Coatue Management LLC now owns 13,811,848 shares of the company’s stock valued at $663,383,000 after purchasing an additional 2,249,353 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its holdings in Vertiv by 1,032.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,258,888 shares of the company’s stock valued at $84,031,000 after purchasing an additional 2,059,431 shares during the period. 89.92% of the stock is owned by institutional investors.

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.