Vertiv Holdings Co (NYSE:VRT - Get Free Report) insider Yibin Edward Cui sold 668 shares of the company's stock in a transaction that occurred on Saturday, May 4th. The shares were sold at an average price of $94.39, for a total value of $63,052.52. Following the completion of the transaction, the insider now directly owns 19,452 shares of the company's stock, valued at approximately $1,836,074.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Vertiv Stock Down 2.4 %
Shares of Vertiv stock opened at $94.91 on Wednesday. The firm has a market cap of $35.53 billion, a price-to-earnings ratio of 91.26, a PEG ratio of 1.41 and a beta of 1.55. The stock's 50-day moving average is $80.75 and its 200 day moving average is $60.37. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 0.98. Vertiv Holdings Co has a one year low of $14.68 and a one year high of $97.49.
Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The company's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 EPS. Equities research analysts anticipate that Vertiv Holdings Co will post 2.42 EPS for the current year.
Vertiv Dividend Announcement
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The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.11%. Vertiv's dividend payout ratio (DPR) is presently 9.62%.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on VRT shares. Citigroup boosted their target price on shares of Vertiv from $102.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, April 25th. Bank of America boosted their price objective on shares of Vertiv from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Monday, March 18th. JPMorgan Chase & Co. raised their target price on Vertiv from $95.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday, April 25th. Mizuho upped their price target on Vertiv from $56.00 to $95.00 and gave the company a "neutral" rating in a research report on Friday, April 26th. Finally, Oppenheimer raised their price objective on Vertiv from $96.00 to $98.00 and gave the stock an "outperform" rating in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.11.
Get Our Latest Research Report on VRT
Institutional Trading of Vertiv
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new stake in Vertiv in the first quarter valued at approximately $25,000. Atticus Wealth Management LLC acquired a new stake in Vertiv in the 1st quarter valued at $27,000. Hazlett Burt & Watson Inc. bought a new stake in Vertiv during the 1st quarter valued at $34,000. RiverPark Advisors LLC acquired a new position in Vertiv during the first quarter worth $35,000. Finally, ORG Partners LLC bought a new position in shares of Vertiv in the first quarter valued at $37,000. 89.92% of the stock is owned by institutional investors.
About Vertiv
(
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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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