Vertiv Holdings Co (NYSE:VRT) EVP Sells $4,331,812.50 in Stock

Vertiv Holdings Co (NYSE:VRT) EVP Anders Karlborg sold 46,206 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $93.75, for a total transaction of $4,331,812.50. Following the completion of the transaction, the executive vice president now owns 23,003 shares of the company’s stock, valued at approximately $2,156,531.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Vertiv Stock Up 0.3 %

Shares of VRT stock opened at $97.94 on Friday. Vertiv Holdings Co has a 52-week low of $14.95 and a 52-week high of $99.44. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.98 and a current ratio of 1.34. The stock has a market cap of $36.66 billion, a price-to-earnings ratio of 94.17, a PEG ratio of 1.41 and a beta of 1.55. The firm’s 50-day moving average is $81.38 and its 200-day moving average is $60.63.

Vertiv (NYSE:VRT) last released 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 return on equity of 44.95% and a net margin of 5.79%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the prior year, the company earned $0.24 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Sell-side analysts predict that Vertiv Holdings Co will post 2.42 EPS for the current year.

Vertiv Dividend Announcement

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Horizon Advisors Inc. boosted its holdings in shares of Vertiv by 161.7% during the third 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 period. Bogart Wealth LLC bought a new stake in Vertiv in the 1st quarter valued at $25,000. GAMMA Investing LLC acquired a new position in Vertiv in the 4th quarter valued at $26,000. Raleigh Capital Management Inc. increased 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 buying an additional 252 shares during the period. Finally, Atticus Wealth Management LLC acquired a new stake in shares of Vertiv during the first quarter worth $27,000. 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.