Vertiv (NYSE:VRT) Trading Down 1.2% Following Insider Selling

Vertiv Holdings Co (NYSE:VRT) dropped 1.2% during trading on Monday following insider selling activity. The stock traded as low as $111.50 and last traded at $113.93. Approximately 1,527,351 shares traded hands during trading, a decline of 83% from the average daily volume of 8,728,368 shares. The stock had previously closed at $115.36.

Specifically, EVP Stephen Liang sold 43,683 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $115.83, for a total value of $5,059,801.89. Following the completion of the sale, the executive vice president now directly owns 9,551 shares of the company’s stock, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on VRT shares. Roth Capital raised Vertiv to a “strong-buy” rating in a report on Monday, April 7th. Royal Bank of Canada initiated coverage on Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 price target on the stock. Roth Mkm assumed coverage on Vertiv in a research note on Tuesday, April 8th. They issued a “buy” rating and a $75.00 price target on the stock. KGI Securities started coverage on Vertiv in a report on Thursday, April 24th. They issued a “hold” rating on the stock. Finally, Cowen reissued a “buy” rating on shares of Vertiv in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $124.69.

Vertiv Stock Performance

The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The stock has a 50 day simple moving average of $91.50 and a 200 day simple moving average of $104.22. The company has a market cap of $41.39 billion, a price-to-earnings ratio of 84.84, a PEG ratio of 1.07 and a beta of 1.73.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The business’s quarterly revenue was up 24.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. As a group, analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Institutional Trading of Vertiv

Large investors have recently added to or reduced their stakes in the business. GW&K Investment Management LLC purchased a new stake in shares of Vertiv in the first quarter valued at $26,000. SouthState Corp purchased a new stake in shares of Vertiv in the first quarter valued at $27,000. North Star Investment Management Corp. lifted its holdings in shares of Vertiv by 4,120.0% in the first quarter. North Star Investment Management Corp. now owns 422 shares of the company’s stock valued at $30,000 after purchasing an additional 412 shares in the last quarter. Sachetta LLC lifted its holdings in shares of Vertiv by 242.0% in the first quarter. Sachetta LLC now owns 448 shares of the company’s stock valued at $32,000 after purchasing an additional 317 shares in the last quarter. Finally, Tradewinds Capital Management LLC lifted its holdings in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.