Doherty Philip O’ Sells 488,705 Shares of Vertiv Holdings Co (NYSE:VRT) Stock

Vertiv Holdings Co (NYSE:VRT) Director Doherty Philip O’ sold 488,705 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $93.68, for a total value of $45,781,884.40. Following the transaction, the director now directly owns 11,835,476 shares of the company’s stock, valued at approximately $1,108,747,391.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Doherty Philip O’ also recently made the following trade(s):

• On Monday, April 29th, Doherty Philip O’ sold 2,511,295 shares of Vertiv stock. The stock was sold at an average price of $93.64, for a total value of $235,157,663.80.

Vertiv Trading Down 4.8 %

VRT stock opened at $88.55 on Thursday. Vertiv Holdings Co has a 1-year low of $14.27 and a 1-year high of $95.70. The firm has a market cap of $33.82 billion, a P/E ratio of 85.14, a P/E/G ratio of 1.43 and a beta of 1.59. The business’s 50 day moving average is $78.37 and its 200-day moving average is $58.67. The company has a current ratio of 1.34, a quick ratio of 1.35 and a debt-to-equity ratio of 2.09.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same period in the prior year, the company posted $0.24 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. Equities analysts anticipate that Vertiv Holdings Co will post 2.42 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were paid a $0.025 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.10 annualized dividend and a dividend yield of 0.11%. Vertiv’s dividend payout ratio is currently 9.62%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VRT. Bank of America boosted their price objective on Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Citigroup boosted their price target on Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Mizuho boosted their price target on Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Evercore ISI boosted their price target on Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. boosted their price target on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.11.

Institutional Investors Weigh In On Vertiv

Large investors have recently modified their holdings of the stock. First Horizon Advisors Inc. grew its position in Vertiv by 161.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock worth $25,000 after acquiring an additional 409 shares during the last quarter. Bogart Wealth LLC bought a new stake in Vertiv during the 1st quarter worth approximately $25,000. GAMMA Investing LLC bought a new stake in Vertiv during the 4th quarter worth approximately $26,000. Raleigh Capital Management Inc. grew its position in Vertiv by 79.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock worth $27,000 after acquiring an additional 252 shares during the last quarter. Finally, Atticus Wealth Management LLC bought a new stake in Vertiv during the 1st quarter worth approximately $27,000. 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.