Vertiv Holdings Co (NYSE:VRT) EVP Stephen Liang Sells 86,619 Shares

Vertiv Holdings Co (NYSE:VRT) EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now directly owns 19,551 shares in the company, valued at $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Vertiv Trading Down 3.6 %

VRT opened at $126.94 on Friday. The firm 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 firm’s 50 day moving average is $114.21 and its 200-day moving average is $96.11. Vertiv Holdings Co has a 52-week low of $41.01 and a 52-week high of $145.67. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60.

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

Vertiv Increases Dividend

The business also recently declared 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%. The ex-dividend date of this dividend is Tuesday, December 3rd. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is 6.67%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Citigroup raised their target price on shares of Vertiv from $134.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group raised their target price on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer raised their target price on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. raised their target price on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Finally, UBS Group began coverage on shares of Vertiv in a research report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price on the stock. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $138.50.

Institutional Trading of Vertiv

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bayesian Capital Management LP acquired a new position in Vertiv in the first quarter worth $456,000. Jacobs Levy Equity Management Inc. acquired a new position in Vertiv in the first quarter worth $3,018,000. California State Teachers Retirement System boosted its holdings in Vertiv by 5.8% in the first quarter. California State Teachers Retirement System now owns 579,672 shares of the company’s stock worth $47,342,000 after purchasing an additional 31,839 shares during the period. Redwood Investment Management LLC acquired a new position in Vertiv in the first quarter worth $638,000. Finally, Comerica Bank boosted its holdings in Vertiv by 29.4% in the first quarter. Comerica Bank now owns 436,413 shares of the company’s stock worth $35,642,000 after purchasing an additional 99,269 shares during the period. Institutional investors 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.