Vertiv (NYSE:VRT) Stock Price Down 0.2% on Insider Selling

Vertiv Holdings Co (NYSE:VRT) fell 0.2% on Tuesday following insider selling activity. The stock traded as low as $131.47 and last traded at $131.72. 2,575,379 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 8,189,031 shares. The stock had previously closed at $132.03.

Specifically, Director Jan Van Dokkum sold 38,647 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the completion of the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at $3,409,750. The trade was a 60.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jakki L. Haussler sold 15,347 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the completion of the sale, the director now owns 3,425 shares in the company, valued at $470,526.50. The trade was a 81.75 % decrease in their position. The disclosure for this sale can be found here. In other news, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the transaction, the insider now directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Analyst Ratings Changes

VRT has been the topic of several recent analyst reports. Mizuho lifted their target price on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. TD Cowen lifted their price objective on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. increased their target price on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. Evercore ISI boosted their price target on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Oppenheimer increased their price objective on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $138.50.

Vertiv Price Performance

The firm has a market capitalization of $47.65 billion, a P/E ratio of 84.64, a P/E/G ratio of 1.36 and a beta of 1.58. The business’s fifty day moving average is $113.52 and its 200 day moving average is $95.89. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60.

Vertiv (NYSE:VRT) last posted 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. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The firm’s revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 earnings per share. As a group, 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. Investors of record on Tuesday, December 3rd will be given a $0.0375 dividend. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. Vertiv’s dividend payout ratio (DPR) is 6.67%.

Hedge Funds Weigh In On Vertiv

A number of institutional investors have recently bought and sold shares of VRT. State Street Corp increased its position in shares of Vertiv by 4.2% in the third quarter. State Street Corp now owns 7,635,081 shares of the company’s stock worth $759,614,000 after acquiring an additional 308,704 shares in the last quarter. Geode Capital Management LLC boosted its stake in Vertiv by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company’s stock worth $592,433,000 after purchasing an additional 408,054 shares during the period. Jennison Associates LLC grew its position in Vertiv by 10,825.0% during the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after purchasing an additional 4,558,306 shares in the last quarter. Wellington Management Group LLP raised its stake in Vertiv by 271.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after purchasing an additional 2,860,181 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Vertiv during the 2nd quarter valued at $331,091,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

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.