Vertiv Holdings Co (NYSE:VRT) Director Sells $5,271,064.33 in Stock

Vertiv Holdings Co (NYSE:VRT) Director Jan Van Dokkum sold 38,647 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the completion of the transaction, the director now owns 25,000 shares of the company’s stock, valued at $3,409,750. This trade represents a 60.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Vertiv Trading Down 3.6 %

NYSE:VRT opened at $126.94 on Friday. The company has a market capitalization of $47.65 billion, a P/E ratio of 84.63, a P/E/G ratio of 1.36 and a beta of 1.58. The stock’s 50 day moving average price is $114.21 and its 200 day moving average price is $96.11. 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 released 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 net margin of 7.72% and a return on equity of 55.33%. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the firm earned $0.52 EPS. Vertiv’s revenue for the quarter was up 19.0% on a year-over-year basis. On average, research analysts forecast that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. 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 dividend payout ratio (DPR) is presently 6.67%.

Hedge Funds Weigh In On Vertiv

Institutional investors have recently modified their holdings of the company. Krane Funds Advisors LLC bought a new stake in Vertiv during the third quarter valued at about $29,000. Anchor Investment Management LLC bought a new stake in Vertiv during the 2nd quarter valued at approximately $26,000. Global Trust Asset Management LLC bought a new stake in Vertiv during the 3rd quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC grew its holdings in Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in Vertiv in the 3rd quarter worth approximately $30,000. Institutional investors own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VRT. Citigroup raised their target price on shares of Vertiv from $134.00 to $141.00 and gave the stock a “buy” 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 company an “outperform” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price target on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Jefferies Financial Group assumed coverage on Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 price objective for the company. Finally, Oppenheimer upped their target price on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $138.50.

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.