Vertiv (NYSE:VRT) Stock Price Down 3.6% on Insider Selling

Vertiv Holdings Co (NYSE:VRT)’s stock price was down 3.6% during trading on Thursday following insider selling activity. The company traded as low as $124.52 and last traded at $126.94. Approximately 7,384,648 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 8,209,171 shares. The stock had previously closed at $131.74.

Specifically, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the transaction, the executive vice president now owns 19,551 shares of the company’s stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jan Van Dokkum sold 38,647 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was 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. This trade represents a 60.72 % decrease in their position. The disclosure for this sale can be found here. In related news, Director Jakki L. Haussler sold 15,347 shares of the business’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 value of $2,108,370.86. Following the completion of the transaction, the director now owns 3,425 shares of the company’s stock, valued at $470,526.50. The trade was a 81.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on VRT shares. Oppenheimer boosted their price objective on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Mizuho lifted their price target on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. TD Cowen lifted their price target on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Evercore ISI lifted their price target on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Bank of America lifted their price target on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $138.50.

Vertiv Stock Down 3.6 %

The stock has a market capitalization of $47.65 billion, a PE ratio of 84.63, a price-to-earnings-growth ratio of 1.36 and a beta of 1.58. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The business’s fifty day moving average price is $113.52 and its two-hundred day moving average price is $95.89.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 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 company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the company earned $0.52 earnings per share. The firm’s revenue was up 19.0% on a year-over-year basis. On average, equities research analysts forecast that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.12%. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 3rd. Vertiv’s dividend payout ratio is presently 6.67%.

Institutional Investors Weigh In On Vertiv

Hedge funds have recently added to or reduced their stakes in the business. Anchor Investment Management LLC purchased a new stake in Vertiv in the second quarter valued at $26,000. Mather Group LLC. raised its position in shares of Vertiv by 132.5% in the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after acquiring an additional 200 shares during the period. Krane Funds Advisors LLC acquired a new position in shares of Vertiv in the third quarter worth about $29,000. Global Trust Asset Management LLC acquired a new position in shares of Vertiv in the third quarter worth about $30,000. Finally, Mark Sheptoff Financial Planning LLC raised its position in shares of Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

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.