Vertiv Holdings Co (NYSE:VRT) EVP Sells $4,331,812.50 in Stock

Vertiv Holdings Co (NYSE:VRT) EVP Anders Karlborg sold 46,206 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $93.75, for a total transaction of $4,331,812.50. Following the completion of the sale, the executive vice president now directly owns 23,003 shares in the company, valued at approximately $2,156,531.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Vertiv Price Performance

Shares of VRT opened at $97.67 on Thursday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.98 and a current ratio of 1.34. The firm has a market capitalization of $36.56 billion, a PE ratio of 93.91, a P/E/G ratio of 1.41 and a beta of 1.55. The stock has a 50 day simple moving average of $80.75 and a 200 day simple moving average of $60.37. Vertiv Holdings Co has a 52-week low of $14.84 and a 52-week high of $98.08.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.24 earnings per share. Sell-side analysts predict that Vertiv Holdings Co will post 2.42 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date of this dividend was Monday, March 18th. Vertiv’s dividend payout ratio is presently 9.62%.

Analysts Set New Price Targets

A number of analysts recently weighed in on VRT shares. Oppenheimer upped their target price on shares of Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Citigroup increased their price target on Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. raised their price objective on shares of Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Evercore ISI upped their target price on shares of Vertiv from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Finally, Mizuho lifted their price objective on Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $81.11.

Hedge Funds Weigh In On Vertiv

A number of large investors have recently bought and sold shares of the company. Bogart Wealth LLC acquired a new position in Vertiv during the first quarter worth $25,000. Atticus Wealth Management LLC bought a new position in shares of Vertiv in the 1st quarter valued at about $27,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of Vertiv in the first quarter valued at about $34,000. RiverPark Advisors LLC bought a new stake in Vertiv during the first quarter worth about $35,000. Finally, ORG Partners LLC acquired a new position in Vertiv during the first quarter valued at approximately $37,000. Institutional investors and hedge funds 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.