Vertiv Holdings Co (NYSE:VRT) Insider Karsten Winther Sells 5,500 Shares

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

Vertiv Trading Down 1.6 %

NYSE VRT opened at $94.17 on Friday. 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 12 month low of $53.60 and a 12 month high of $155.84. The company has a market capitalization of $35.89 billion, a PE ratio of 73.57, a P/E/G ratio of 1.07 and a beta of 1.70. The stock has a 50-day simple moving average of $80.47 and a 200 day simple moving average of $106.26.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. Vertiv’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same period last year, the company posted $0.43 EPS. Research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is 8.72%.

Analyst Upgrades and Downgrades

VRT has been the subject of several research analyst reports. Roth Capital upgraded Vertiv to a “strong-buy” rating in a research report on Monday, April 7th. Roth Mkm assumed coverage on Vertiv in a report on Tuesday, April 8th. They issued a “buy” rating and a $75.00 price target for the company. KGI Securities began coverage on shares of Vertiv in a research report on Thursday, April 24th. They set a “hold” rating on the stock. Citigroup lowered their price objective on shares of Vertiv from $153.00 to $98.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Vertiv from $132.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Vertiv currently has a consensus rating of “Moderate Buy” and an average target price of $120.38.

Institutional Trading of Vertiv

Several hedge funds have recently added to or reduced their stakes in VRT. Ontario Teachers Pension Plan Board grew its stake in Vertiv by 9.7% in the first quarter. Ontario Teachers Pension Plan Board now owns 14,491 shares of the company’s stock valued at $1,046,000 after acquiring an additional 1,283 shares during the period. Altfest L J & Co. Inc. increased its stake in Vertiv by 7.6% during the 1st quarter. Altfest L J & Co. Inc. now owns 9,583 shares of the company’s stock worth $692,000 after purchasing an additional 679 shares in the last quarter. Deutsche Bank AG raised its holdings in Vertiv by 23.5% during the 1st quarter. Deutsche Bank AG now owns 1,429,803 shares of the company’s stock worth $103,232,000 after buying an additional 272,205 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Vertiv by 6.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,852,401 shares of the company’s stock worth $133,743,000 after buying an additional 106,290 shares during the period. Finally, ASR Vermogensbeheer N.V. acquired a new position in shares of Vertiv in the first quarter valued at approximately $1,020,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

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.