Insider Selling: Vertiv Holdings Co (NYSE:VRT) Insider Sells 5,500 Shares of Stock

Vertiv Holdings Co (NYSE:VRT) insider Karsten Winther sold 5,500 shares of the firm’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the transaction, the insider now directly owns 18,847 shares in the company, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Vertiv Price Performance

Shares of Vertiv stock opened at $94.17 on Monday. The firm has a fifty day simple moving average of $80.47 and a 200-day simple moving average of $106.22. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year high of $155.84. The stock has a market capitalization of $35.89 billion, a price-to-earnings ratio of 73.57, a PEG ratio of 1.07 and a beta of 1.70.

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

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.16%. The ex-dividend date was Tuesday, March 18th. Vertiv’s payout ratio is currently 8.72%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on VRT shares. KGI Securities started coverage on shares of Vertiv in a research note on Thursday, April 24th. They set a “hold” rating on the stock. Cowen reissued a “buy” rating on shares of Vertiv in a research note on Thursday, April 24th. Barclays lowered their price objective on shares of Vertiv from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Friday, April 4th. Evercore ISI lowered their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Finally, Melius Research reaffirmed a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. Five investment 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 stock. According to data from MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and an average price target of $120.38.

Hedge Funds Weigh In On Vertiv

Several large investors have recently bought and sold shares of the stock. Fifth Third Bancorp raised its stake in Vertiv by 8.1% during the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock valued at $128,000 after purchasing an additional 84 shares during the last quarter. Prestige Wealth Management Group LLC increased its holdings in Vertiv by 2.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company’s stock valued at $420,000 after buying an additional 85 shares during the period. Accurate Wealth Management LLC increased its holdings in Vertiv by 4.1% in the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock valued at $254,000 after buying an additional 87 shares during the period. Horizon Investment Services LLC increased its holdings in Vertiv by 4.1% in the 4th quarter. Horizon Investment Services LLC now owns 2,410 shares of the company’s stock valued at $274,000 after buying an additional 95 shares during the period. Finally, Focus Partners Advisor Solutions LLC increased its holdings in Vertiv by 3.1% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company’s stock valued at $367,000 after buying an additional 97 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.