Vertiv (NYSE:VRT) Shares Down 0.1% Following Insider Selling

Vertiv Holdings Co (NYSE:VRTGet Free Report)’s share price traded down 0.1% during mid-day trading on Wednesday after an insider sold shares in the company. The company traded as low as $103.18 and last traded at $105.06. 1,869,330 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 7,993,090 shares. The stock had previously closed at $105.16.

Specifically, insider Yibin Edward Cui sold 668 shares of the business’s stock in a transaction that occurred on Saturday, May 4th. The stock was sold at an average price of $94.39, for a total value of $63,052.52. Following the transaction, the insider now owns 19,452 shares in the company, valued at approximately $1,836,074.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Doherty Philip O’ sold 1,089,669 shares of Vertiv stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $103.34, for a total transaction of $112,606,394.46. Following the sale, the director now directly owns 8,234,512 shares in the company, valued at approximately $850,954,470.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Yibin Edward Cui sold 668 shares of the business’s stock in a transaction dated Saturday, May 4th. The stock was sold at an average price of $94.39, for a total transaction of $63,052.52. Following the completion of the transaction, the insider now directly owns 19,452 shares in the company, valued at $1,836,074.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,516,000 shares of company stock valued at $425,183,641. Corporate insiders own 5.01% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Oppenheimer boosted their target price on shares of Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Evercore ISI raised their target price on Vertiv from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. The Goldman Sachs Group upped their price target on Vertiv from $103.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Mizuho lifted their price objective on Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. Finally, Bank of America upped their price objective on shares of Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.00.

Check Out Our Latest Stock Analysis on Vertiv

Vertiv Trading Down 1.9 %

The firm’s 50 day moving average is $89.78 and its 200 day moving average is $67.07. 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 $38.64 billion, a PE ratio of 99.24, a PEG ratio of 1.55 and a beta of 1.55.

Vertiv (NYSE:VRTGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The firm had revenue of $1.64 billion during 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%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 EPS. On average, equities analysts anticipate that Vertiv Holdings Co will post 2.42 earnings per share for the current year.

Vertiv Announces Dividend

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

Hedge Funds Weigh In On Vertiv

A number of hedge funds and other institutional investors have recently modified their holdings of VRT. Bogart Wealth LLC purchased a new stake in Vertiv in the first quarter worth approximately $25,000. Atticus Wealth Management LLC purchased a new stake in shares of Vertiv in the 1st quarter valued at $27,000. Hazlett Burt & Watson Inc. bought a new position in shares of Vertiv during the 1st quarter valued at $34,000. RiverPark Advisors LLC purchased a new position in Vertiv in the 1st quarter worth $35,000. Finally, ORG Partners LLC bought a new stake in Vertiv in the first quarter worth $37,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Company Profile

(Get Free Report)

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.

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