Vertiv Holdings Co (NYSE:VRT) EVP Stephen Liang Sells 86,619 Shares of Stock

Vertiv Holdings Co (NYSE:VRT) EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the sale, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Vertiv Trading Down 3.6 %

NYSE VRT opened at $126.96 on Thursday. Vertiv Holdings Co has a 12-month low of $41.01 and a 12-month high of $145.67. The company has a fifty day simple moving average of $113.52 and a two-hundred day simple moving average of $95.89. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The stock has a market cap of $47.65 billion, a P/E ratio of 84.64, a P/E/G ratio of 1.36 and a beta of 1.58.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the company earned $0.52 EPS. Vertiv’s quarterly revenue was up 19.0% on a year-over-year basis. On average, analysts forecast that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be issued a $0.0375 dividend. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.12%. The ex-dividend date is Tuesday, December 3rd. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

Analyst Upgrades and Downgrades

VRT has been the subject of several research reports. Mizuho upped their price target on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Oppenheimer lifted their price target on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Citigroup boosted their price target on Vertiv from $134.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group lifted their target price on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Evercore ISI increased their price target on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $138.50.

Institutional Trading of Vertiv

A number of institutional investors and hedge funds have recently made changes to their positions in VRT. Anchor Investment Management LLC acquired a new stake in Vertiv in the 2nd quarter valued at $26,000. Mather Group LLC. lifted its holdings in Vertiv by 132.5% during the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Krane Funds Advisors LLC acquired a new stake in shares of Vertiv in the third quarter valued at about $29,000. Global Trust Asset Management LLC purchased a new stake in shares of Vertiv during the third quarter worth about $30,000. Finally, Mark Sheptoff Financial Planning LLC raised its position in shares of Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

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.