Vertiv Holdings Co (NYSE:VRT) Short Interest Update

Vertiv Holdings Co (NYSE:VRT) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totalling 12,910,000 shares, a decrease of 14.9% from the November 30th total of 15,170,000 shares. Based on an average trading volume of 6,640,000 shares, the short-interest ratio is currently 1.9 days.

Insider Buying and Selling at Vertiv

In other Vertiv news, Director Jan Van Dokkum sold 38,647 shares of Vertiv stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the sale, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $3,409,750. The trade was a 60.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the sale, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 171,527 shares of company stock valued at $23,105,682 in the last quarter. Corporate insiders own 5.01% of the company’s stock.

Hedge Funds Weigh In On Vertiv

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Krane Funds Advisors LLC bought a new position in Vertiv during the 3rd quarter worth approximately $29,000. Anchor Investment Management LLC acquired a new stake in Vertiv in the second quarter worth $26,000. Global Trust Asset Management LLC bought a new position in shares of Vertiv during the third quarter worth $30,000. Mark Sheptoff Financial Planning LLC grew its holdings in shares of 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 period. Finally, Brooklyn Investment Group acquired a new stake in Vertiv during the 3rd quarter worth $30,000. Institutional investors own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on VRT shares. Barclays assumed coverage on Vertiv in a research report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 price target on the stock. The Goldman Sachs Group upped their target price on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Evercore ISI lifted their price target on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Citigroup upped their price objective on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $140.09.

Vertiv Trading Down 3.2 %

VRT stock traded down $3.77 during trading on Friday, hitting $115.11. The company had a trading volume of 3,807,883 shares, compared to its average volume of 8,017,447. The stock has a market cap of $43.20 billion, a price-to-earnings ratio of 76.74, a PEG ratio of 1.29 and a beta of 1.61. 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 has a 12 month low of $44.31 and a 12 month high of $145.67. The firm has a 50-day moving average price of $122.17 and a 200-day moving average price of $99.84.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $1.98 billion. During the same period in the prior year, the business posted $0.52 earnings per share. Vertiv’s revenue was up 19.0% compared to the same quarter last year. As a group, analysts predict that Vertiv will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date was Tuesday, December 3rd. This is an increase from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio is currently 6.67%.

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.