Insider Selling: Vertiv Holdings Co (NYSE:VRT) EVP Sells 86,619 Shares of Stock

Vertiv Holdings Co (NYSE:VRT) EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the sale, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Vertiv Stock Performance

Shares of NYSE:VRT traded down $4.78 on Wednesday, hitting $126.96. The company’s stock had a trading volume of 7,378,532 shares, compared to its average volume of 8,209,171. The stock’s 50-day moving average is $113.52 and its two-hundred day moving average is $95.89. Vertiv Holdings Co has a 12 month low of $41.01 and a 12 month high of $145.67. The company has a market capitalization of $47.65 billion, a price-to-earnings ratio of 84.64, a price-to-earnings-growth ratio of 1.36 and a beta of 1.58. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter last year, the business posted $0.52 earnings per share. The company’s quarterly revenue was up 19.0% on a year-over-year basis. On average, equities research analysts forecast that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 3rd. Vertiv’s dividend payout ratio is currently 6.67%.

Institutional Investors Weigh In On Vertiv

Several hedge funds have recently modified their holdings of the stock. Krane Funds Advisors LLC acquired a new position in Vertiv in the 3rd quarter worth about $29,000. Anchor Investment Management LLC acquired a new position in Vertiv in the 2nd quarter worth about $26,000. Global Trust Asset Management LLC acquired a new position in Vertiv in the 3rd quarter worth about $30,000. Mark Sheptoff Financial Planning LLC increased its position in Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in Vertiv in the 3rd quarter worth about $30,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VRT has been the subject of a number of recent analyst reports. UBS Group initiated coverage on Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 price objective for the company. Citigroup raised their price objective on Vertiv from $134.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. The Goldman Sachs Group raised their price objective on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Oppenheimer raised their price objective on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, Evercore ISI lifted their target price on Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $138.50.

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.