Vertiv Holdings Co (NYSE:VRT) Director Jan Van Dokkum Sells 38,647 Shares

Vertiv Holdings Co (NYSE:VRT) Director Jan Van Dokkum sold 38,647 shares of Vertiv stock in a transaction on 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 owns 25,000 shares in the company, valued at approximately $3,409,750. This trade represents a 60.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Vertiv Trading Down 3.6 %

NYSE:VRT opened at $126.96 on Thursday. The company has a market capitalization of $47.65 billion, a PE ratio of 84.64, a price-to-earnings-growth ratio of 1.36 and a beta of 1.58. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a 52-week low of $41.01 and a 52-week high of $145.67. The stock has a fifty day simple moving average of $113.52 and a 200-day simple moving average of $95.89.

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

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. The ex-dividend date is Tuesday, December 3rd. This is an increase from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is 6.67%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Anchor Investment Management LLC acquired a new position in Vertiv in the 2nd quarter valued at about $26,000. Mather Group LLC. raised its stake in Vertiv by 132.5% in the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Krane Funds Advisors LLC acquired a new position in Vertiv in the 3rd quarter valued at about $29,000. Global Trust Asset Management LLC acquired a new position in Vertiv in the 3rd quarter valued at about $30,000. Finally, Mark Sheptoff Financial Planning LLC raised its stake in Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective 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. 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 report 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 report on Tuesday, November 19th. Oppenheimer lifted their price objective on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, Bank of America raised their target price on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, Vertiv 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.