Vertiv Holdings Co (NYSE:VRT) Director Doherty Philip O’ Sells 9,529 Shares

Vertiv Holdings Co (NYSE:VRTGet Free Report) Director Doherty Philip O’ sold 9,529 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $109.30, for a total value of $1,041,519.70. Following the sale, the director now owns 6,882,859 shares in the company, valued at approximately $752,296,488.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • On Thursday, May 23rd, Doherty Philip O’ sold 1,089,669 shares of Vertiv stock. The stock was sold at an average price of $103.34, for a total value of $112,606,394.46.
  • 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.
  • On Friday, April 26th, Doherty Philip O’ sold 488,705 shares of Vertiv stock. The stock was sold at an average price of $93.68, for a total value of $45,781,884.40.

Vertiv Stock Down 0.9 %

Shares of NYSE VRT traded down $0.93 during trading hours on Thursday, hitting $102.28. The stock had a trading volume of 4,758,904 shares, compared to its average volume of 8,015,181. The company has a market capitalization of $38.29 billion, a P/E ratio of 99.43, a P/E/G ratio of 1.53 and a beta of 1.55. The firm’s 50-day moving average price is $89.78 and its two-hundred day moving average price is $67.07. Vertiv Holdings Co has a 52 week low of $18.74 and a 52 week high of $109.27. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.98 and a current ratio of 1.34.

Vertiv (NYSE:VRTGet Free Report) last announced 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 business 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 quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 EPS. Analysts anticipate that Vertiv Holdings Co will post 2.42 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were given a dividend of $0.025 per share. The ex-dividend date was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a yield of 0.10%. Vertiv’s payout ratio is currently 9.62%.

Analysts Set New Price Targets

Several equities analysts have weighed in on VRT shares. JPMorgan Chase & Co. lifted their target price on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. The Goldman Sachs Group lifted their target price on Vertiv from $103.00 to $116.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Citigroup lifted their target price on Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Oppenheimer lifted their target price on Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Finally, Bank of America lifted their target price on Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and an average target price of $91.00.

View Our Latest Analysis on VRT

Institutional Investors Weigh In On Vertiv

A number of large investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in Vertiv by 182.4% during the third quarter. FMR LLC now owns 47,236,496 shares of the company’s stock worth $1,757,198,000 after purchasing an additional 30,511,907 shares during the period. Vanguard Group Inc. boosted its position in Vertiv by 5.5% during the first quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock worth $2,745,930,000 after purchasing an additional 1,766,784 shares during the period. Coatue Management LLC boosted its position in Vertiv by 19.5% during the fourth quarter. Coatue Management LLC now owns 13,811,848 shares of the company’s stock worth $663,383,000 after purchasing an additional 2,249,353 shares during the period. Invesco Ltd. boosted its position in Vertiv by 10.2% during the third quarter. Invesco Ltd. now owns 10,817,978 shares of the company’s stock worth $402,429,000 after purchasing an additional 1,002,191 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Vertiv by 303.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock worth $390,143,000 after purchasing an additional 3,591,903 shares during the period. Institutional investors own 89.92% of the company’s stock.

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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