Insider Selling: Vertiv Holdings Co (NYSE:VRT) EVP Sells $11,353,152.33 in Stock

Vertiv Holdings Co (NYSE:VRT) EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction on 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 directly owns 19,551 shares of the company’s stock, valued at $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Vertiv Trading Up 0.5 %

Shares of NYSE VRT opened at $127.62 on Friday. Vertiv Holdings Co has a fifty-two week low of $42.50 and a fifty-two week high of $145.67. The firm has a market capitalization of $47.90 billion, a P/E ratio of 85.08, a P/E/G ratio of 1.31 and a beta of 1.58. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The company’s 50 day simple moving average is $114.87 and its 200 day simple moving average is $96.34.

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

Vertiv Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. The Goldman Sachs Group increased their target price on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. increased their price objective on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Mizuho boosted their target price on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. TD Cowen upped their target price on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, UBS Group assumed coverage on shares of Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target for the company. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $138.50.

Institutional Trading of Vertiv

A number of hedge funds have recently modified their holdings of VRT. Anchor Investment Management LLC bought a new stake in Vertiv in the second quarter valued at approximately $26,000. Mather Group LLC. grew its holdings in shares of Vertiv by 132.5% in the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after buying an additional 200 shares during the period. Krane Funds Advisors LLC bought a new stake in shares of Vertiv in the 3rd quarter valued at $29,000. Global Trust Asset Management LLC acquired a new stake in Vertiv during the 3rd quarter worth $30,000. Finally, Mark Sheptoff Financial Planning LLC raised its stake in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after buying an additional 200 shares during the period. 89.92% of the stock is currently 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.