Vertiv Holdings Co (NYSE:VRT) Director Roger Fradin Sells 16,667 Shares

Vertiv Holdings Co (NYSE:VRT) Director Roger Fradin sold 16,667 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $103.86, for a total transaction of $1,731,034.62. Following the sale, the director now owns 218,333 shares in the company, valued at $22,676,065.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Vertiv Trading Down 0.5 %

NYSE VRT opened at $96.81 on Friday. Vertiv Holdings Co has a one year low of $15.40 and a one year high of $104.76. The firm has a market cap of $36.24 billion, a PE ratio of 93.09, a P/E/G ratio of 1.47 and a beta of 1.55. The firm’s fifty day moving average is $85.23 and its two-hundred day moving average is $63.42. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.98 and a current ratio of 1.34.

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, beating the consensus estimate of $0.37 by $0.06. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the previous year, the company posted $0.24 EPS. Vertiv’s revenue was up 7.8% compared to the same quarter last year. Analysts expect that Vertiv Holdings Co will post 2.42 earnings per share for the current year.

Vertiv Dividend Announcement

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

Analyst Ratings Changes

VRT has been the topic of a number of recent analyst reports. Citigroup increased their price objective on shares of Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Bank of America lifted their price target on Vertiv from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday. Evercore ISI increased their price objective on Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Oppenheimer boosted their target price on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. increased their price target on shares of Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.00.

Hedge Funds Weigh In On Vertiv

Several institutional investors and hedge funds have recently added to or reduced their stakes in VRT. Bogart Wealth LLC acquired a new stake in shares of Vertiv in the first quarter valued at about $25,000. GAMMA Investing LLC purchased a new position in Vertiv in the fourth quarter valued at about $26,000. Raleigh Capital Management Inc. lifted its position in shares of Vertiv by 79.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock valued at $27,000 after acquiring an additional 252 shares during the period. Atticus Wealth Management LLC purchased a new stake in shares of Vertiv during the 1st quarter worth approximately $27,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in Vertiv in the 1st quarter valued at approximately $34,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

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.