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 firm’s stock in a transaction dated Saturday, May 4th. The stock was sold at an average price of $94.39, for a total value of $63,052.52. Following the completion of the transaction, the insider now 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 SEC, which can be accessed through the SEC website.

Vertiv Stock Performance

Shares of VRT opened at $97.94 on Friday. Vertiv Holdings Co has a 52 week low of $14.95 and a 52 week high of $99.44. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 2.09. The stock has a market cap of $36.66 billion, a P/E ratio of 94.17, a P/E/G ratio of 1.41 and a beta of 1.55. The business’s 50 day moving average price is $81.38 and its 200-day moving average price is $60.63.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the previous year, the company earned $0.24 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts anticipate that Vertiv Holdings Co will post 2.42 earnings per share for the current fiscal year.

Vertiv Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. FMR LLC increased its stake in 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. increased 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 period. Coatue Management LLC boosted 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 valued at $663,383,000 after purchasing an additional 2,249,353 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Vertiv by 10.2% in the 3rd quarter. Invesco Ltd. now owns 10,817,978 shares of the company’s stock valued at $402,429,000 after buying an additional 1,002,191 shares during the period. Finally, Norges Bank purchased a new stake in shares of Vertiv in the fourth quarter valued at approximately $185,339,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Oppenheimer increased their price target on shares of Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Mizuho boosted their target price on Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Citigroup lifted their price target on shares of Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Evercore ISI increased their target price on shares of Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Finally, Bank of America boosted their price target 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 investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $81.11.

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.