Insider Selling: Vertiv Holdings Co (NYSE:VRT) Insider Sells 5,500 Shares of Stock

Vertiv Holdings Co (NYSE:VRT - Get Free Report) insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the sale, the insider now directly owns 18,847 shares in the company, valued at approximately $1,777,837.51. This represents a 22.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Vertiv Stock Performance

Shares of NYSE VRT traded down $1.57 during trading hours on Friday, reaching $94.17. 6,364,741 shares of the stock were exchanged, compared to its average volume of 9,011,833. The firm has a market capitalization of $35.89 billion, a price-to-earnings ratio of 73.57, a P/E/G ratio of 1.07 and a beta of 1.70. The stock's fifty day simple moving average is $80.31 and its 200 day simple moving average is $106.38. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. Vertiv Holdings Co has a 52 week low of $53.60 and a 52 week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The company's quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.43 EPS. Sell-side analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio is currently 8.72%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. SOA Wealth Advisors LLC. bought a new stake in shares of Vertiv in the fourth quarter valued at approximately $26,000. GW&K Investment Management LLC bought a new position in Vertiv during the 1st quarter worth $26,000. OLD Second National Bank of Aurora acquired a new position in Vertiv in the 4th quarter valued at $30,000. North Star Investment Management Corp. lifted its position in shares of Vertiv by 4,120.0% during the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after acquiring an additional 412 shares during the period. Finally, Sachetta LLC grew its holdings in shares of Vertiv by 242.0% during the 1st quarter. Sachetta LLC now owns 448 shares of the company's stock worth $32,000 after purchasing an additional 317 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VRT. Roth Capital upgraded Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Cowen restated a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Melius Research reaffirmed a "hold" rating and set a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Evercore ISI decreased their price objective on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. Finally, Barclays dropped their target price on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Vertiv presently has an average rating of "Moderate Buy" and an average price target of $120.38.

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.

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