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 stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $93.75, for a total transaction of $4,331,812.50. Following the completion of the sale, the executive vice president now directly owns 23,003 shares in the company, valued at $2,156,531.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Vertiv Stock Performance

Shares of VRT stock opened at $94.91 on Wednesday. The firm has a market cap of $35.53 billion, a price-to-earnings ratio of 91.26, a PEG ratio of 1.41 and a beta of 1.55. The company’s 50 day moving average is $80.75 and its 200 day moving average is $60.37. 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 Holdings Co has a 52-week low of $14.68 and a 52-week high of $97.49.

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, beating the consensus estimate of $0.37 by $0.06. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. Vertiv’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $0.24 earnings per share. On average, sell-side analysts anticipate that Vertiv Holdings Co will post 2.42 EPS for the current fiscal year.

Vertiv Announces Dividend

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

Hedge Funds Weigh In On Vertiv

Several institutional investors and hedge funds have recently bought and sold shares of VRT. First Horizon Advisors Inc. grew its holdings in Vertiv by 161.7% in the third quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock worth $25,000 after purchasing an additional 409 shares during the last quarter. Bogart Wealth LLC purchased a new position in Vertiv in the first quarter worth $25,000. GAMMA Investing LLC purchased a new position in Vertiv in the fourth quarter worth $26,000. Raleigh Capital Management Inc. grew its holdings in Vertiv by 79.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock worth $27,000 after purchasing an additional 252 shares during the last quarter. Finally, Atticus Wealth Management LLC purchased a new position in Vertiv in the first quarter worth $27,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on VRT shares. Citigroup increased their price objective on shares of Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. increased their price objective 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. Mizuho increased their price objective on shares of Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Evercore ISI raised their target price on shares of Vertiv from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Finally, Oppenheimer raised their target price on shares of Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Vertiv currently has an average rating of “Moderate Buy” and an average target price of $81.11.

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.