Vertiv Holdings Co (NYSE:VRT) Shares Sold by Crystal Rock Capital Management

Crystal Rock Capital Management lowered its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 11.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,725 shares of the company’s stock after selling 33,525 shares during the quarter. Vertiv comprises approximately 8.4% of Crystal Rock Capital Management’s investment portfolio, making the stock its 2nd biggest position. Crystal Rock Capital Management owned about 0.07% of Vertiv worth $12,667,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Simon Quick Advisors LLC raised its holdings in shares of Vertiv by 1.0% during the 4th quarter. Simon Quick Advisors LLC now owns 20,065 shares of the company’s stock worth $964,000 after buying an additional 205 shares in the last quarter. Hanseatic Management Services Inc. raised its stake in Vertiv by 0.8% during the third quarter. Hanseatic Management Services Inc. now owns 29,541 shares of the company’s stock worth $1,099,000 after acquiring an additional 246 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Vertiv by 161.7% in the third quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock worth $25,000 after acquiring an additional 409 shares during the last quarter. Xponance Inc. boosted its stake in shares of Vertiv by 2.9% in the 4th quarter. Xponance Inc. now owns 14,984 shares of the company’s stock valued at $720,000 after purchasing an additional 426 shares in the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of Vertiv during the 4th quarter valued at approximately $26,000. 89.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Stephen Liang sold 306,196 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the completion of the transaction, the executive vice president now owns 51,841 shares of the company’s stock, valued at approximately $3,641,311.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Vertiv news, EVP Stephen Liang sold 306,196 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the completion of the sale, the executive vice president now directly owns 51,841 shares in the company, valued at approximately $3,641,311.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Doherty Philip O’ sold 488,705 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $93.68, for a total transaction of $45,781,884.40. Following the sale, the director now owns 11,835,476 shares in the company, valued at approximately $1,108,747,391.68. The disclosure for this sale can be found here. Insiders sold a total of 3,362,790 shares of company stock worth $306,451,347 in the last three months. 5.62% of the stock is owned by corporate insiders.

Vertiv Stock Performance

Shares of NYSE:VRT traded down $4.48 during trading on Wednesday, hitting $88.52. 10,949,767 shares of the company were exchanged, compared to its average volume of 8,292,779. Vertiv Holdings Co has a 52-week low of $14.27 and a 52-week high of $95.70. The stock has a 50 day moving average of $77.77 and a 200 day moving average of $58.46. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 1.35. The company has a market cap of $33.81 billion, a PE ratio of 84.29, a P/E/G ratio of 1.43 and a beta of 1.59.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the prior year, the company posted $0.24 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities research analysts predict that Vertiv Holdings Co will post 2.42 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date was Monday, March 18th. Vertiv’s dividend payout ratio (DPR) is presently 9.62%.

Analyst Upgrades and Downgrades

VRT has been the subject of several research reports. Oppenheimer increased their target price on Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Bank of America boosted their target price on shares of Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Citigroup boosted their price objective on shares of Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Mizuho upped their price objective on shares of Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Vertiv currently has a consensus rating of “Moderate Buy” and an average price target of $81.11.

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.