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

Vertiv Holdings Co (NYSE:VRT - Get Free Report) traded down 1.2% on Monday after an insider sold shares in the company. The stock traded as low as $111.50 and last traded at $113.93. 1,527,351 shares were traded during mid-day trading, a decline of 83% from the average session volume of 8,728,368 shares. The stock had previously closed at $115.36.

Specifically, EVP Stephen Liang sold 43,683 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the transaction, the executive vice president now owns 9,551 shares in the company, valued at $1,106,292.33. The trade was a 82.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group lowered their target price on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Morgan Stanley reduced their price objective on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Roth Mkm began coverage on Vertiv in a report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 target price on the stock. KGI Securities began coverage on Vertiv in a report on Thursday, April 24th. They set a "hold" rating for the company. Finally, JPMorgan Chase & Co. lifted their price target on Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Vertiv presently has an average rating of "Moderate Buy" and an average price target of $122.38.

Vertiv Stock Performance

The business's fifty day moving average is $89.98 and its 200-day moving average is $104.38. 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 company has a market cap of $42.99 billion, a PE ratio of 88.12, a P/E/G ratio of 1.07 and a beta of 1.73.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the firm posted $0.43 EPS. The company's revenue for the quarter was up 24.2% compared to the same quarter last year. As a group, research analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Vertiv

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VRT. SOA Wealth Advisors LLC. bought a new stake in shares of Vertiv during the 4th quarter valued at $26,000. GW&K Investment Management LLC purchased a new stake in Vertiv in the 1st quarter worth $26,000. SouthState Corp bought a new stake in Vertiv during the first quarter valued at about $27,000. North Star Investment Management Corp. lifted its position in shares of Vertiv by 4,120.0% in the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after acquiring an additional 412 shares in the last quarter. Finally, Sachetta LLC boosted its stake in shares of Vertiv by 242.0% in the first quarter. Sachetta LLC now owns 448 shares of the company's stock worth $32,000 after acquiring an additional 317 shares during the period. Institutional investors own 89.92% of the company's stock.

Vertiv Company Profile

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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