Vertiv (NYSE:VRT) Shares Down 1.2% After Insider Selling

Shares of Vertiv Holdings Co (NYSE:VRT - Get Free Report) dropped 1.2% on Monday following insider selling activity. The stock traded as low as $111.50 and last traded at $113.93. Approximately 1,527,351 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 8,728,368 shares. The stock had previously closed at $115.36.

Specifically, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $115.83, for a total value of $5,059,801.89. Following the transaction, the executive vice president now owns 9,551 shares of the company's stock, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on VRT shares. Roth Capital upgraded Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Roth Mkm assumed coverage on shares of Vertiv in a research report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price objective on the stock. Citigroup decreased their price target on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada assumed coverage on shares of Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 price objective on the stock. Finally, Barclays cut their target price on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Vertiv presently has a consensus rating of "Moderate Buy" and an average target price of $124.69.

Vertiv Stock Performance

The business has a fifty day moving average price of $92.52 and a 200-day moving average price of $104.26. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $43.61 billion, a P/E ratio of 89.40, a P/E/G ratio of 1.07 and a beta of 1.73.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating 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 revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 EPS. On average, sell-side analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VRT. Massachusetts Financial Services Co. MA purchased a new stake in Vertiv in the fourth quarter worth about $597,379,000. Norges Bank purchased a new position in Vertiv during the fourth quarter valued at approximately $391,777,000. Amundi increased its stake in shares of Vertiv by 96.8% in the first quarter. Amundi now owns 6,951,773 shares of the company's stock worth $469,490,000 after purchasing an additional 3,420,144 shares in the last quarter. 1832 Asset Management L.P. increased its stake in shares of Vertiv by 985.3% in the first quarter. 1832 Asset Management L.P. now owns 2,301,700 shares of the company's stock worth $166,183,000 after purchasing an additional 2,089,612 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Vertiv by 136.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock valued at $379,101,000 after buying an additional 1,928,275 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

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.