Vertiv Holdings Co (NYSE:VRT) Director Jan Van Dokkum Sells 38,647 Shares

Vertiv Holdings Co (NYSE:VRT) Director Jan Van Dokkum sold 38,647 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $136.39, for a total value of $5,271,064.33. Following the completion of the transaction, the director now owns 25,000 shares in the company, valued at $3,409,750. The trade was a 60.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Vertiv Stock Down 0.3 %

VRT opened at $131.67 on Wednesday. Vertiv Holdings Co has a 12 month low of $41.01 and a 12 month high of $145.67. The company has a market cap of $49.42 billion, a PE ratio of 87.78, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The company has a 50 day moving average of $112.73 and a 200 day moving average of $95.67.

Vertiv (NYSE:VRT) last announced its quarterly 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. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 earnings per share. On average, sell-side analysts expect that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. 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 presently 6.67%.

Analyst Ratings Changes

Several research firms have weighed in on VRT. Evercore ISI boosted their price objective on Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Jefferies Financial Group initiated coverage on shares of Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 price target for the company. Mizuho raised their price objective on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. TD Cowen boosted their target price on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Bank of America raised their price target on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $138.50.

Hedge Funds Weigh In On Vertiv

A number of large investors have recently modified their holdings of VRT. Blankinship & Foster LLC purchased a new stake in Vertiv in the 3rd quarter worth approximately $8,798,000. Wilmington Savings Fund Society FSB bought a new position in shares of Vertiv in the third quarter worth $584,000. World Investment Advisors LLC bought a new stake in Vertiv during the third quarter valued at $1,230,000. Sanctuary Advisors LLC boosted its stake in Vertiv by 170.2% during the third quarter. Sanctuary Advisors LLC now owns 47,179 shares of the company’s stock valued at $4,694,000 after buying an additional 29,719 shares during the period. Finally, Old West Investment Management LLC grew its position in Vertiv by 44.1% during the third quarter. Old West Investment Management LLC now owns 28,372 shares of the company’s stock worth $2,823,000 after buying an additional 8,683 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

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.