Vertiv Holdings Co (NYSE:VRT) Director Sells $2,108,370.86 in Stock

Vertiv Holdings Co (NYSE:VRT) Director Jakki L. Haussler sold 15,347 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the transaction, the director now owns 3,425 shares in the company, valued at approximately $470,526.50. This trade represents a 81.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Vertiv Stock Performance

Shares of VRT stock opened at $140.15 on Monday. The business’s 50-day moving average price is $110.94 and its 200-day moving average price is $95.18. Vertiv Holdings Co has a 12 month low of $41.01 and a 12 month high of $145.67. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $52.60 billion, a price-to-earnings ratio of 93.43, a PEG ratio of 1.45 and a beta of 1.58.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the prior year, the company posted $0.52 EPS. The company’s revenue was up 19.0% on a year-over-year basis. Equities research analysts forecast that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date is Tuesday, December 3rd. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is 6.67%.

Hedge Funds Weigh In On Vertiv

A number of hedge funds have recently made changes to their positions in VRT. Anchor Investment Management LLC acquired a new stake in Vertiv during the 2nd quarter valued at approximately $26,000. Mather Group LLC. increased its position in shares of Vertiv by 132.5% during the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after buying an additional 200 shares during the period. Krane Funds Advisors LLC bought a new position in Vertiv during the third quarter worth $29,000. Global Trust Asset Management LLC acquired a new position in Vertiv in the third quarter valued at $30,000. Finally, Mark Sheptoff Financial Planning LLC boosted its position in Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. The Goldman Sachs Group raised their price target on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Mizuho raised their target price on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Jefferies Financial Group started coverage on shares of Vertiv in a report on Monday, October 7th. They set a “buy” rating and a $125.00 price target for the company. Citigroup lifted their price objective on shares of Vertiv from $134.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Oppenheimer upped their target price on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $138.50.

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.