Insider Selling: Vertiv (NYSE:VRT) Director Sells 100,000 Shares of Stock

by · The Markets Daily

Vertiv Holdings Co. (NYSE:VRT – Get Free Report) Director Steven Reinemund sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $128.22, for a total value of $12,822,000.00. Following the transaction, the director directly owned 133,333 shares in the company, valued at $17,095,957.26. The trade was a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Vertiv Price Performance

Shares of NYSE:VRT opened at $134.23 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.93. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $155.84. The stock’s 50 day moving average is $130.78 and its 200-day moving average is $105.95. The firm has a market capitalization of $51.26 billion, a price-to-earnings ratio of 64.22, a PEG ratio of 1.14 and a beta of 1.77.

Vertiv (NYSE:VRT – Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. Vertiv had a return on equity of 51.64% and a net margin of 8.93%.The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the firm earned $0.67 earnings per share. Vertiv’s revenue for the quarter was up 35.1% on a year-over-year basis. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. Sell-side analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Monday, June 16th. This is a positive change from Vertiv’s previous dividend of $0.01. This represents a dividend yield of 14.0%. Vertiv’s payout ratio is currently 7.18%.

Analysts Set New Price Targets

A number of research firms recently commented on VRT. JPMorgan Chase & Co. increased their price target on Vertiv from $127.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Evercore ISI reissued an “outperform” rating on shares of Vertiv in a research report on Thursday, July 10th. Glj Research began coverage on Vertiv in a research report on Tuesday, August 19th. They issued a “sell” rating and a $112.00 price target for the company. Melius Research raised Vertiv from a “hold” rating to a “strong-buy” rating and increased their price target for the company from $134.00 to $165.00 in a research report on Tuesday, July 8th. Finally, Zacks Research raised Vertiv to a “strong-buy” rating in a research report on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $142.00.

View Our Latest Analysis on VRT

Institutional Investors Weigh In On Vertiv

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Vertiv by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 38,006,755 shares of the company’s stock valued at $4,880,447,000 after purchasing an additional 291,596 shares during the last quarter. State Street Corp increased its position in shares of Vertiv by 5.7% during the 2nd quarter. State Street Corp now owns 8,269,839 shares of the company’s stock valued at $1,061,930,000 after purchasing an additional 442,937 shares during the last quarter. Amundi increased its position in shares of Vertiv by 96.8% during the 1st quarter. Amundi now owns 6,951,773 shares of the company’s stock valued at $469,490,000 after purchasing an additional 3,420,144 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Vertiv by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 6,686,778 shares of the company’s stock valued at $856,082,000 after purchasing an additional 219,970 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Vertiv by 20.9% during the 2nd quarter. Invesco Ltd. now owns 5,931,488 shares of the company’s stock valued at $761,662,000 after purchasing an additional 1,024,634 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

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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