Vertiv Holdings Co (NYSE:VRT - Get Free Report) Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction dated Wednesday, November 20th. The stock was 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 in the company, valued at $470,526.50. The trade was a 81.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Vertiv Stock Down 0.9 %
Shares of VRT stock opened at $140.15 on Friday. Vertiv Holdings Co has a 12-month low of $41.01 and a 12-month high of $145.67. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The firm has a fifty day moving average of $110.94 and a 200-day moving average of $95.19. The company has a market capitalization of $52.60 billion, a price-to-earnings ratio of 93.43, a P/E/G ratio of 1.45 and a beta of 1.58.
Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.07. The firm had revenue of $2.07 billion during 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 company'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 EPS. As a group, equities research analysts predict that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.
Vertiv Increases Dividend
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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date is Tuesday, December 3rd. This is a positive change from Vertiv's previous quarterly dividend of $0.03. Vertiv's payout ratio is currently 6.67%.
Analyst Upgrades and Downgrades
VRT has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their price target on Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday. Bank of America lifted their price target on shares of Vertiv from $130.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Oppenheimer boosted their price objective on Vertiv from $121.00 to $131.00 and gave the stock an "outperform" rating in a research note on Tuesday. Citigroup boosted their price objective on shares of Vertiv from $134.00 to $141.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Evercore ISI raised their price objective on shares of Vertiv from $125.00 to $135.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Ten equities 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 an average target price of $138.50.
View Our Latest Analysis on VRT
Institutional Investors Weigh In On Vertiv
Large investors have recently added to or reduced their stakes in the business. Anchor Investment Management LLC acquired a new position in shares of Vertiv in the second quarter valued at $26,000. Mather Group LLC. raised its holdings 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 acquiring an additional 200 shares during the period. Krane Funds Advisors LLC acquired a new stake in Vertiv during the third quarter worth approximately $29,000. Global Trust Asset Management LLC acquired a new position in shares of Vertiv in the third quarter valued at approximately $30,000. Finally, Mark Sheptoff Financial Planning LLC lifted its holdings in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock worth $30,000 after purchasing an additional 200 shares during the last quarter. 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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