Vertiv (NYSE:VRT) Director Sells $12,822,000.00 in Stock

Key Points

• Director Stock Sale: Vertiv Director Steven Reinemund sold 100,000 shares for a total of $12.82 million, decreasing his position by 42.86%.
• Recent Earnings Beat: Vertiv reported $0.95 EPS for the last quarter, surpassing estimates of $0.83, alongside a significant year-over-year revenue increase of 35.1% to $2.64 billion.
• Dividend Increase: Vertiv announced a dividend increase to $0.0375 per share with a yield of 14.0%, up from a previous $0.01 per share.

Vertiv Holdings Co. (NYSE:VRT - Get Free Report) Director Steven Reinemund sold 100,000 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $128.22, for a total value of $12,822,000.00. Following the completion of the sale, the director directly owned 133,333 shares of the company's stock, valued at approximately $17,095,957.26. The trade was a 42.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Vertiv Trading Up 1.0%

Shares of Vertiv stock traded up $1.30 on Wednesday, hitting $129.23. 6,391,008 shares of the company's stock traded hands, compared to its average volume of 9,136,773. Vertiv Holdings Co. has a one year low of $53.60 and a one year high of $155.84. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.74 and a quick ratio of 1.35. The company has a fifty day moving average of $130.28 and a two-hundred day moving average of $105.73. The company has a market capitalization of $49.35 billion, a price-to-earnings ratio of 61.83, a price-to-earnings-growth ratio of 1.10 and a beta of 1.77.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.83 by $0.12. Vertiv had a return on equity of 51.64% and a net margin of 8.93%.The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the company earned $0.67 EPS. The firm's revenue for the quarter was up 35.1% compared to the same quarter last year. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. As a group, sell-side analysts expect that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were given a dividend of $0.0375 per share. This represents a dividend yield of 14.0%. The ex-dividend date was Monday, June 16th. This is a positive change from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio is currently 7.18%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Citigroup increased their price target on Vertiv from $130.00 to $149.00 and gave the stock a "buy" rating in a report on Monday, July 14th. The Goldman Sachs Group reiterated a "buy" rating on shares of Vertiv in a report on Friday, July 11th. Redburn Atlantic raised Vertiv to a "hold" rating in a research note on Wednesday, August 20th. Morgan Stanley reissued an "overweight" rating on shares of Vertiv in a research note on Sunday, August 10th. Finally, Glj Research assumed coverage on Vertiv in a research note on Tuesday, August 19th. They issued a "sell" rating and a $112.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $142.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. GW&K Investment Management LLC purchased a new stake in Vertiv in the first quarter worth $26,000. Promus Capital LLC bought a new position in shares of Vertiv during the 2nd quarter worth $26,000. SouthState Corp purchased a new stake in Vertiv in the 1st quarter worth about $27,000. Avion Wealth raised its stake in Vertiv by 99.1% in the 2nd quarter. Avion Wealth now owns 213 shares of the company's stock valued at $27,000 after acquiring an additional 106 shares during the period. Finally, North Star Investment Management Corp. lifted its holdings in Vertiv by 4,120.0% during the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after purchasing an additional 412 shares during 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.

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