Vertiv (NYSE:VRT) Stock Price Down 4.2% on Insider Selling

Vertiv Holdings Co (NYSE:VRT - Get Free Report) traded down 4.2% during trading on Wednesday after an insider sold shares in the company. The company traded as low as $88.94 and last traded at $89.09. 3,250,794 shares traded hands during trading, a decline of 60% from the average session volume of 8,197,062 shares. The stock had previously closed at $93.00.

Specifically, Director Doherty Philip O' sold 2,511,295 shares of the company's stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $93.64, for a total transaction of $235,157,663.80. Following the sale, the director now owns 9,324,181 shares of the company's stock, valued at approximately $873,116,308.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Vertiv news, EVP Stephen Liang sold 306,196 shares of the business's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the transaction, the executive vice president now owns 51,841 shares of the company's stock, valued at approximately $3,641,311.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Doherty Philip O' sold 2,511,295 shares of the business's stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $93.64, for a total transaction of $235,157,663.80. Following the completion of the transaction, the director now directly owns 9,324,181 shares of the company's stock, valued at approximately $873,116,308.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,362,790 shares of company stock valued at $306,451,347. Company insiders own 5.62% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Citigroup boosted their price target on shares of Vertiv from $102.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, April 25th. Bank of America upped their price objective on shares of Vertiv from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, March 18th. Oppenheimer upped their price objective on shares of Vertiv from $96.00 to $98.00 and gave the company an "outperform" rating in a research note on Thursday, April 25th. Evercore ISI upped their price objective on shares of Vertiv from $90.00 to $95.00 and gave the company an "outperform" rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Vertiv from $95.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday, April 25th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $81.11.

Vertiv Stock Down 4.8 %

The firm has a market cap of $33.82 billion, a PE ratio of 85.14, a PEG ratio of 1.43 and a beta of 1.59. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.35 and a current ratio of 1.34. The company's 50-day simple moving average is $78.37 and its two-hundred day simple moving average is $58.67.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06. The business had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 EPS. On average, analysts predict that Vertiv Holdings Co will post 2.42 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.10 annualized dividend and a yield of 0.11%. Vertiv's payout ratio is currently 9.62%.

Institutional Investors Weigh In On Vertiv

Institutional investors have recently added to or reduced their stakes in the company. Nordea Investment Management AB bought a new position in Vertiv in the 4th quarter worth $1,040,000. Xponance Inc. raised its holdings in Vertiv by 2.9% in the 4th quarter. Xponance Inc. now owns 14,984 shares of the company's stock worth $720,000 after purchasing an additional 426 shares in the last quarter. WT Asset Management Ltd bought a new position in Vertiv in the 4th quarter worth $24,486,000. CenterBook Partners LP raised its holdings in Vertiv by 82.0% in the 3rd quarter. CenterBook Partners LP now owns 174,938 shares of the company's stock worth $6,508,000 after purchasing an additional 78,793 shares in the last quarter. Finally, Quadrature Capital Ltd raised its holdings in Vertiv by 791.6% in the 3rd quarter. Quadrature Capital Ltd now owns 92,628 shares of the company's stock worth $3,445,000 after purchasing an additional 82,239 shares in the last quarter. Hedge funds and other 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.