Yibin Edward Cui Sells 668 Shares of Vertiv Holdings Co (NYSE:VRT) Stock

Vertiv Holdings Co (NYSE:VRT) insider Yibin Edward Cui sold 668 shares of the stock in a transaction dated Saturday, May 4th. The shares were sold at an average price of $94.39, for a total value of $63,052.52. Following the completion of the sale, the insider now directly owns 19,452 shares in the company, valued at approximately $1,836,074.28. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Vertiv Trading Up 2.9 %

Shares of VRT stock opened at $97.67 on Thursday. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 2.09. Vertiv Holdings Co has a twelve month low of $14.84 and a twelve month high of $98.08. The company has a market capitalization of $36.56 billion, a P/E ratio of 93.91, a price-to-earnings-growth ratio of 1.41 and a beta of 1.55. The business’s 50 day moving average is $80.75 and its two-hundred day moving average is $60.37.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 earnings per share. Equities analysts forecast that Vertiv Holdings Co will post 2.42 EPS for the current year.

Vertiv Announces Dividend

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

Wall Street Analysts Forecast Growth

VRT has been the topic of a number of analyst reports. Citigroup increased their price target on Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Evercore ISI raised their target price on Vertiv from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. raised their target price on Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Mizuho lifted their price target on Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Finally, Oppenheimer lifted their price target on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.11.

Hedge Funds Weigh In On Vertiv

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Horizon Advisors Inc. raised its holdings in shares of Vertiv by 161.7% in the third quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock worth $25,000 after acquiring an additional 409 shares during the last quarter. Bogart Wealth LLC purchased a new position in shares of Vertiv during the first quarter valued at approximately $25,000. GAMMA Investing LLC acquired a new stake in Vertiv during the fourth quarter worth approximately $26,000. Raleigh Capital Management Inc. grew its stake in Vertiv by 79.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock worth $27,000 after acquiring an additional 252 shares during the period. Finally, Atticus Wealth Management LLC purchased a new stake in Vertiv in the 1st quarter worth approximately $27,000. 89.92% of the stock is owned by institutional investors and hedge funds.

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.