Vertiv Holdings Co. (NYSE:VRT) Insider Sells $5,590,383.34 in Stock

Key Points

• Karsten Winther, an insider at Vertiv Holdings Co., sold 41,654 shares of stock for a total of $5.59 million, which represented a 68.85% decrease in their ownership.
• Vertiv reported a quarterly earnings per share (EPS) of $0.95, exceeding analysts' expectations by $0.12, and had a revenue of $2.64 billion, up 35.1% year-over-year.
• The company recently increased its dividend payout from $0.01 to $0.0375, resulting in a dividend yield of 14.0%.

Vertiv Holdings Co. (NYSE:VRT - Get Free Report) insider Karsten Winther sold 41,654 shares of the business's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $134.21, for a total transaction of $5,590,383.34. Following the sale, the insider owned 18,848 shares in the company, valued at $2,529,590.08. The trade was a 68.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Vertiv Price Performance

NYSE:VRT traded down $4.95 during trading hours on Thursday, reaching $132.45. 8,116,607 shares of the company traded hands, compared to its average volume of 7,774,719. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $155.84. The stock has a market cap of $50.58 billion, a P/E ratio of 41.14, a P/E/G ratio of 1.21 and a beta of 1.77. The firm's 50-day moving average is $127.37 and its 200-day moving average is $104.81. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.74 and a quick ratio of 1.35.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.12. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. Vertiv had a return on equity of 51.64% and a net margin of 8.93%. The business's revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.67 earnings per share. Equities research analysts expect that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were given a $0.0375 dividend. This is an increase from Vertiv's previous dividend of $0.01. This represents a dividend yield of 14.0%. The ex-dividend date of this dividend was Monday, June 16th. Vertiv's dividend payout ratio (DPR) is presently 7.18%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. KGI Securities assumed coverage on shares of Vertiv in a research note on Thursday, April 24th. They issued a "hold" rating for the company. Morgan Stanley reaffirmed an "overweight" rating on shares of Vertiv in a report on Sunday. UBS Group raised their price objective on Vertiv from $135.00 to $173.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Cowen reaffirmed a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. Finally, Evercore ISI reaffirmed an "outperform" rating on shares of Vertiv in a research note on Thursday, July 10th. Three equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $144.06.

Institutional Investors Weigh In On Vertiv

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rithm Capital Corp. raised its position in shares of Vertiv by 63.8% in the 2nd quarter. Rithm Capital Corp. now owns 7,700 shares of the company's stock worth $989,000 after buying an additional 3,000 shares during the period. PDT Partners LLC purchased a new position in shares of Vertiv in the 2nd quarter worth $257,000. Lighthouse Investment Partners LLC raised its position in shares of Vertiv by 5.2% in the 2nd quarter. Lighthouse Investment Partners LLC now owns 39,320 shares of the company's stock worth $5,049,000 after buying an additional 1,930 shares during the period. Goodlander Investment Management LLC purchased a new position in shares of Vertiv in the 2nd quarter worth $8,989,000. Finally, Ausdal Financial Partners Inc. purchased a new position in shares of Vertiv in the 2nd quarter worth $403,000. 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.

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