Insider Selling: Vertiv Holdings Co (NYSE:VRT) Insider Sells 668 Shares of Stock

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

Vertiv Stock Performance

Shares of VRT stock opened at $97.67 on Thursday. The firm has a market cap of $36.56 billion, a P/E ratio of 93.91, a PEG ratio of 1.41 and a beta of 1.55. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 0.98. Vertiv Holdings Co has a fifty-two week low of $14.84 and a fifty-two week high of $98.08. The stock’s 50-day moving average is $80.75 and its two-hundred day moving average is $60.37.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 earnings per share. Analysts predict that Vertiv Holdings Co will post 2.42 earnings per share 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 paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.10%. The ex-dividend date was Monday, March 18th. Vertiv’s payout ratio is presently 9.62%.

Analyst Upgrades and Downgrades

VRT has been the subject of several research analyst reports. Evercore ISI upped their price target on shares of Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Citigroup raised their target price on Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Bank of America lifted their price target on Vertiv from $80.00 to $90.00 and gave the company a “buy” rating in a report on Monday, March 18th. Oppenheimer increased their price objective on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. lifted their target price on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Vertiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.11.

Hedge Funds Weigh In On Vertiv

Several hedge funds have recently bought and sold shares of the business. FMR LLC raised its position in shares of Vertiv by 182.4% in the third quarter. FMR LLC now owns 47,236,496 shares of the company’s stock valued at $1,757,198,000 after purchasing an additional 30,511,907 shares during the period. Vanguard Group Inc. grew its stake in Vertiv by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 31,855,473 shares of the company’s stock valued at $1,530,018,000 after buying an additional 226,716 shares during the last quarter. Coatue Management LLC raised its holdings in Vertiv by 19.5% in the 4th quarter. Coatue Management LLC now owns 13,811,848 shares of the company’s stock worth $663,383,000 after acquiring an additional 2,249,353 shares during the period. Invesco Ltd. lifted its position in Vertiv by 10.2% during the 3rd quarter. Invesco Ltd. now owns 10,817,978 shares of the company’s stock worth $402,429,000 after acquiring an additional 1,002,191 shares during the last quarter. Finally, Norges Bank bought a new stake in Vertiv during the fourth quarter valued at about $185,339,000. 89.92% of the stock is owned by institutional investors and hedge funds.

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.