Vertiv Holdings Co (NYSE:VRT) Director Vpe Holdings, Llc Sells 10,000,000 Shares of Stock

Vertiv Holdings Co (NYSE:VRT – Get Free Report) Director Vpe Holdings, Llc sold 10,000,000 shares of Vertiv stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $37.50, for a total transaction of $375,000,000.00. Following the completion of the sale, the director now owns 7,955,215 shares in the company, valued at $298,320,562.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Vpe Holdings, Llc also recently made the following trade(s):

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• On Wednesday, August 9th, Vpe Holdings, Llc sold 20,000,000 shares of Vertiv stock. The shares were sold at an average price of $34.91, for a total transaction of $698,200,000.00.

Vertiv Stock Performance

Shares of VRT opened at $37.64 on Wednesday. The firm’s 50 day moving average is $32.20 and its 200-day moving average is $22.11. The stock has a market capitalization of $14.32 billion, a P/E ratio of 80.09 and a beta of 1.41. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.64 and a quick ratio of 1.20. Vertiv Holdings Co has a 12-month low of $9.48 and a 12-month high of $40.41.

Vertiv (NYSE:VRT – Get Free Report) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.17. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Vertiv had a net margin of 2.84% and a return on equity of 31.02%. The business’s revenue was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS. Equities research analysts anticipate that Vertiv Holdings Co will post 1.59 EPS for the current fiscal year.

Analyst Ratings Changes

VRT has been the topic of several recent research reports. TheStreet upgraded shares of Vertiv from a “c” rating to a “b-” rating in a research report on Wednesday, August 2nd. 22nd Century Group reiterated a “maintains” rating on shares of Vertiv in a research report on Thursday, June 29th. Bank of America upgraded shares of Vertiv from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $40.00 in a research report on Wednesday, August 2nd. TD Cowen boosted their price target on shares of Vertiv from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. Finally, Vertical Research upgraded shares of Vertiv from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.27.

Check Out Our Latest Stock Analysis on VRT

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale purchased a new position in shares of Vertiv in the first quarter worth approximately $27,000. Clear Street Markets LLC purchased a new position in shares of Vertiv in the fourth quarter worth approximately $27,000. CI Investments Inc. increased its position in shares of Vertiv by 986.4% in the fourth quarter. CI Investments Inc. now owns 2,162 shares of the company’s stock worth $30,000 after acquiring an additional 1,963 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Vertiv by 648.5% in the first quarter. Brown Brothers Harriman & Co. now owns 2,500 shares of the company’s stock worth $35,000 after acquiring an additional 2,166 shares in the last quarter. Finally, Stephens Inc. AR purchased a new position in shares of Vertiv in the second quarter worth approximately $64,000. 92.37% 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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