Roger Fradin Sells 16,667 Shares of Vertiv Holdings Co (NYSE:VRT) Stock

Vertiv Holdings Co (NYSE:VRT - Get Free Report) Director Roger Fradin sold 16,667 shares of Vertiv stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $103.86, for a total transaction of $1,731,034.62. Following the completion of the transaction, the director now owns 218,333 shares in the company, valued at $22,676,065.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Vertiv Trading Down 0.5 %

Shares of NYSE VRT traded down $0.48 during trading on Friday, hitting $96.81. 8,072,384 shares of the company traded hands, compared to its average volume of 8,068,443. Vertiv Holdings Co has a 1 year low of $15.40 and a 1 year high of $104.76. The company has a 50-day moving average price of $84.68 and a 200-day moving average price of $63.01. The firm has a market capitalization of $36.24 billion, a P/E ratio of 91.79, a P/E/G ratio of 1.58 and a beta of 1.55. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 2.09.

Vertiv (NYSE:VRT - Get Free Report) last announced 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 net margin of 5.79% and a return on equity of 44.95%. The company had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.62 billion. During the same period in the previous year, the company earned $0.24 EPS. The business's quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities analysts predict that Vertiv Holdings Co will post 2.42 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were given a dividend of $0.025 per share. The ex-dividend date was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a yield of 0.10%. Vertiv's dividend payout ratio (DPR) is 9.62%.

Institutional Trading of Vertiv

A number of institutional investors have recently added to or reduced their stakes in the business. Plato Investment Management Ltd boosted its position in Vertiv by 723.4% during the 1st quarter. Plato Investment Management Ltd now owns 24,192 shares of the company's stock worth $1,976,000 after purchasing an additional 21,254 shares during the period. Zimmer Partners LP purchased a new stake in Vertiv during the 1st quarter worth $2,450,000. iA Global Asset Management Inc. purchased a new stake in Vertiv during the 1st quarter worth $7,648,000. LBP AM SA purchased a new stake in Vertiv during the 1st quarter worth $3,699,000. Finally, Comerica Bank boosted its position in Vertiv by 29.4% during the 1st 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. 89.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on VRT shares. Bank of America upped their price objective on Vertiv from $100.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday. Oppenheimer increased their target price on Vertiv from $96.00 to $98.00 and gave the company an "outperform" rating in a report on Thursday, April 25th. The Goldman Sachs Group upped their price objective on Vertiv from $103.00 to $116.00 and gave the company a "buy" rating in a research report on Friday. JPMorgan Chase & Co. boosted their price target on Vertiv from $95.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, April 25th. Finally, Citigroup boosted their price target on Vertiv from $102.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $91.00.

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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