Vertiv Holdings Co (NYSE:VRT) EVP Anders Karlborg Sells 46,206 Shares of Stock

Vertiv Holdings Co (NYSE:VRT) EVP Anders Karlborg sold 46,206 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $93.75, for a total value of $4,331,812.50. Following the completion of the sale, the executive vice president now owns 23,003 shares in the company, valued at approximately $2,156,531.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Vertiv Stock Down 2.4 %

VRT opened at $94.91 on Wednesday. The company has a market cap of $35.53 billion, a P/E ratio of 91.26, a P/E/G ratio of 1.41 and a beta of 1.55. The business’s 50-day moving average price is $80.75 and its 200-day moving average price is $60.37. 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 12 month low of $14.68 and a 12 month high of $97.49.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, topping the consensus estimate 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 quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 earnings per share. On average, equities analysts expect that Vertiv Holdings Co will post 2.42 EPS for the current year.

Vertiv Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Mizuho increased 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. JPMorgan Chase & Co. increased 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. Oppenheimer increased their price objective on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Citigroup increased their price objective on Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Finally, Evercore ISI raised their price target on Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. One equities research 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.com, Vertiv currently has a consensus rating of “Moderate Buy” and an average price target of $81.11.

Institutional Trading of Vertiv

Large investors have recently modified their holdings of the business. First Horizon Advisors Inc. grew its stake 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 purchasing an additional 409 shares during the last quarter. Bogart Wealth LLC bought a new stake in shares of Vertiv in the first quarter worth about $25,000. GAMMA Investing LLC bought a new stake in Vertiv during the 4th quarter valued at approximately $26,000. Raleigh Capital Management Inc. boosted its position in Vertiv by 79.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock valued at $27,000 after acquiring an additional 252 shares in the last quarter. Finally, Atticus Wealth Management LLC bought a new stake in Vertiv during the 1st quarter valued at approximately $27,000. 89.92% of the stock is owned by 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.