Vertiv Holdings Co (NYSE:VRT) Insider Sells $63,052.52 in Stock

Vertiv Holdings Co (NYSE:VRT) insider Yibin Edward Cui sold 668 shares of the company’s stock in a transaction dated Saturday, May 4th. The stock was sold at an average price of $94.39, for a total transaction of $63,052.52. Following the completion of the sale, the insider now directly owns 19,452 shares of the company’s stock, valued at approximately $1,836,074.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Vertiv Price Performance

Shares of NYSE:VRT opened at $97.94 on Friday. 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 business has a 50 day moving average price of $81.38 and a 200 day moving average price of $60.63. The company has a market cap of $36.66 billion, a price-to-earnings ratio of 94.17, a PEG ratio of 1.41 and a beta of 1.55. Vertiv Holdings Co has a twelve month low of $14.95 and a twelve month high of $99.44.

Vertiv (NYSE:VRT) last announced its quarterly earnings data 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. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. Vertiv’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $0.24 earnings per share. Research analysts predict that Vertiv Holdings Co will post 2.42 earnings per share for the current year.

Vertiv Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on VRT. Evercore ISI upped their price target on shares of Vertiv from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Oppenheimer upped their price objective on Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Mizuho lifted their target price on Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. Citigroup upped their price target on shares of Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Finally, Bank of America lifted their price objective 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.11.

Institutional Investors Weigh In On Vertiv

A number of institutional investors have recently added to or reduced their stakes in VRT. Nordea Investment Management AB bought a new stake in shares of Vertiv in the 4th quarter worth approximately $1,040,000. Xponance Inc. boosted its stake in Vertiv by 2.9% during the fourth quarter. Xponance Inc. now owns 14,984 shares of the company’s stock worth $720,000 after buying an additional 426 shares in the last quarter. WT Asset Management Ltd acquired a new stake in Vertiv during the fourth quarter worth $24,486,000. CenterBook Partners LP lifted its holdings in shares of Vertiv by 82.0% during the 3rd quarter. CenterBook Partners LP now owns 174,938 shares of the company’s stock worth $6,508,000 after acquiring an additional 78,793 shares during the period. Finally, Quadrature Capital Ltd grew its stake in shares of Vertiv by 791.6% in the 3rd quarter. Quadrature Capital Ltd now owns 92,628 shares of the company’s stock valued at $3,445,000 after purchasing an additional 82,239 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

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.