Vertiv Holdings Co (NYSE:VRT) Director Sells $45,781,884.40 in Stock

Vertiv Holdings Co (NYSE:VRTGet Free Report) Director Doherty Philip O’ sold 488,705 shares of Vertiv stock in a transaction on Friday, April 26th. The stock was sold at an average price of $93.68, for a total value of $45,781,884.40. Following the transaction, the director now directly owns 11,835,476 shares of the company’s stock, valued at approximately $1,108,747,391.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Doherty Philip O’ also recently made the following trade(s):

  • On Monday, April 29th, Doherty Philip O’ sold 2,511,295 shares of Vertiv stock. The stock was sold at an average price of $93.64, for a total value of $235,157,663.80.

Vertiv Stock Up 4.2 %

VRT opened at $92.21 on Friday. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 1.35. The stock has a market capitalization of $35.22 billion, a price-to-earnings ratio of 88.66, a price-to-earnings-growth ratio of 1.41 and a beta of 1.54. The business has a 50-day moving average of $78.95 and a two-hundred day moving average of $58.90. Vertiv Holdings Co has a 12 month low of $14.27 and a 12 month high of $95.70.

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

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.11%. The ex-dividend date was Monday, March 18th. Vertiv’s dividend payout ratio is currently 9.62%.

Analysts Set New Price Targets

Several research firms have recently issued reports on VRT. Mizuho lifted their price target on Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Citigroup lifted their price target on Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Evercore ISI lifted their price objective 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. lifted their price objective on Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Finally, Bank of America lifted their price objective on Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $81.11.

Read Our Latest Research Report on Vertiv

Hedge Funds Weigh In On Vertiv

Hedge funds and other institutional investors have recently modified their holdings of the company. Bogart Wealth LLC acquired a new position in shares of Vertiv in the 1st quarter valued at about $25,000. Atticus Wealth Management LLC acquired a new position in shares of Vertiv in the 1st quarter valued at about $27,000. Hazlett Burt & Watson Inc. acquired a new position in shares of Vertiv in the 1st quarter valued at about $34,000. Farmers & Merchants Investments Inc. lifted its stake in shares of Vertiv by 66.7% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 500 shares of the company’s stock valued at $41,000 after purchasing an additional 200 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of Vertiv in the 4th quarter valued at about $26,000. 89.92% of the stock is owned by institutional investors and hedge funds.

About Vertiv

(Get Free Report)

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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Insider Buying and Selling by Quarter for Vertiv (NYSE:VRT)

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