Insider Selling: Vertiv Holdings Co (NYSE:VRT) Director Sells 15,347 Shares of Stock

Vertiv Holdings Co (NYSE:VRT) Director Jakki L. Haussler sold 15,347 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the transaction, the director now owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. This trade represents a 81.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Vertiv Stock Performance

Vertiv stock traded down $1.34 during trading hours on Friday, reaching $140.15. 4,891,821 shares of the stock were exchanged, compared to its average volume of 8,204,412. The stock has a market cap of $52.60 billion, a P/E ratio of 93.92, a P/E/G ratio of 1.53 and a beta of 1.58. The firm’s 50 day moving average is $109.85 and its 200 day moving average is $94.90. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. Vertiv Holdings Co has a 52-week low of $41.01 and a 52-week high of $145.67.

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

Vertiv Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, December 3rd. Vertiv’s payout ratio is presently 6.67%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on VRT shares. The Goldman Sachs Group upped their price objective on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday. Citigroup increased their price target on Vertiv from $134.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday. Mizuho upped their target price on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday. UBS Group started coverage on Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target on the stock. Finally, Bank of America upped their price objective on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $138.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Old West Investment Management LLC raised its stake in Vertiv by 44.1% in the 3rd quarter. Old West Investment Management LLC now owns 28,372 shares of the company’s stock valued at $2,823,000 after purchasing an additional 8,683 shares during the last quarter. TCW Group Inc. raised its position in shares of Vertiv by 9.5% in the third quarter. TCW Group Inc. now owns 498,387 shares of the company’s stock valued at $49,585,000 after buying an additional 43,148 shares during the last quarter. Virtue Capital Management LLC boosted its position in Vertiv by 1.2% during the third quarter. Virtue Capital Management LLC now owns 15,061 shares of the company’s stock worth $1,498,000 after acquiring an additional 177 shares during the last quarter. Toronto Dominion Bank grew its stake in Vertiv by 26.6% in the 3rd quarter. Toronto Dominion Bank now owns 43,521 shares of the company’s stock worth $4,330,000 after acquiring an additional 9,150 shares during the period. Finally, TT International Asset Management LTD raised its holdings in Vertiv by 746.5% in the 3rd quarter. TT International Asset Management LTD now owns 50,098 shares of the company’s stock valued at $4,984,000 after acquiring an additional 44,180 shares during the last quarter. 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.