Insider Selling: Vertiv Holdings Co (NYSE:VRT) Director Sells 488,705 Shares of Stock

Vertiv Holdings Co (NYSE:VRT) Director Doherty Philip O’ sold 488,705 shares of Vertiv stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $93.68, for a total transaction of $45,781,884.40. Following the completion of the transaction, the director now directly owns 11,835,476 shares in the company, valued at $1,108,747,391.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Doherty Philip O’ also recently made the following trade(s):

• On Monday, April 29th, Doherty Philip O’ sold 2,511,295 shares of Vertiv stock. The shares were sold at an average price of $93.64, for a total transaction of $235,157,663.80.

Vertiv Stock Performance

NYSE VRT opened at $88.55 on Thursday. The stock has a market cap of $33.82 billion, a PE ratio of 85.14, a PEG ratio of 1.43 and a beta of 1.59. The firm’s fifty day moving average price is $78.37 and its two-hundred day moving average price is $58.67. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.35 and a current ratio of 1.34. Vertiv Holdings Co has a fifty-two week low of $14.27 and a fifty-two week high of $95.70.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the business earned $0.24 earnings per share. On average, equities analysts expect that Vertiv Holdings Co will post 2.42 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.11%. Vertiv’s dividend payout ratio (DPR) is presently 9.62%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Mizuho lifted their price objective on shares of Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. lifted their price objective on shares of Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Evercore ISI lifted their price objective on shares of Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Citigroup lifted their price objective on shares of Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Finally, Bank of America boosted their target price 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 analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $81.11.

Hedge Funds Weigh In On Vertiv

A number of hedge funds have recently modified their holdings of VRT. FMR LLC lifted its holdings in shares of Vertiv by 182.4% during the third quarter. FMR LLC now owns 47,236,496 shares of the company’s stock worth $1,757,198,000 after purchasing an additional 30,511,907 shares during the period. Norges Bank acquired a new position in Vertiv in the fourth quarter valued at $185,339,000. Vanguard Group Inc. lifted its holdings in Vertiv by 12.1% in the third quarter. Vanguard Group Inc. now owns 31,628,757 shares of the company’s stock valued at $1,176,590,000 after buying an additional 3,417,710 shares during the period. Coatue Management LLC lifted its holdings in Vertiv by 19.5% in the fourth quarter. Coatue Management LLC now owns 13,811,848 shares of the company’s stock valued at $663,383,000 after buying an additional 2,249,353 shares during the period. Finally, Qube Research & Technologies Ltd lifted its holdings in Vertiv by 1,032.5% in the third quarter. Qube Research & Technologies Ltd now owns 2,258,888 shares of the company’s stock valued at $84,031,000 after buying an additional 2,059,431 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

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.