Insider Selling: Vertiv Holdings Co (NYSE:VRT) EVP Sells $5,059,801.89 in Stock

Vertiv Holdings Co (NYSE:VRT) EVP Stephen Liang sold 43,683 shares of the company’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $115.83, for a total value of $5,059,801.89. Following the completion of the sale, the executive vice president now owns 9,551 shares of the company’s stock, valued at $1,106,292.33. This trade represents a 82.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Vertiv Stock Up 2.9%

VRT opened at $115.47 on Monday. The firm has a 50-day simple moving average of $89.98 and a two-hundred day simple moving average of $104.38. Vertiv Holdings Co has a 52 week low of $53.60 and a 52 week high of $155.84. The company has a market capitalization of $44.01 billion, a PE ratio of 90.21, a price-to-earnings-growth ratio of 1.07 and a beta of 1.73. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. The business’s revenue was up 24.2% on a year-over-year basis. Analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VRT. DAVENPORT & Co LLC boosted its holdings in shares of Vertiv by 31.7% during the 4th quarter. DAVENPORT & Co LLC now owns 3,794 shares of the company’s stock valued at $431,000 after purchasing an additional 913 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in shares of Vertiv by 74.0% in the 4th quarter. CENTRAL TRUST Co now owns 348 shares of the company’s stock valued at $40,000 after acquiring an additional 148 shares during the last quarter. Calamos Advisors LLC lifted its holdings in shares of Vertiv by 3.2% in the 4th quarter. Calamos Advisors LLC now owns 10,465 shares of the company’s stock valued at $1,189,000 after acquiring an additional 320 shares during the last quarter. Mather Group LLC. lifted its holdings in shares of Vertiv by 130.9% in the 4th quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $40,000 after acquiring an additional 199 shares during the last quarter. Finally, Guidance Capital Inc. bought a new position in shares of Vertiv in the 4th quarter valued at about $354,000. Institutional investors own 89.92% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. The Goldman Sachs Group reduced their price objective on Vertiv from $135.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Roth Capital upgraded Vertiv to a “strong-buy” rating in a research note on Monday, April 7th. Evercore ISI restated an “outperform” rating and issued a $150.00 price objective (up from $100.00) on shares of Vertiv in a research note on Tuesday, May 27th. Cowen restated a “buy” rating on shares of Vertiv in a research note on Thursday, April 24th. Finally, Morgan Stanley reduced their price objective on Vertiv from $140.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $122.38.

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.