Vertiv (NYSE:VRT) Shares Unloaded Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Vertiv Holdings Co NYSE: VRT. In a filing disclosed on December 05th, the Representative disclosed that they had sold between $1,001 and $15,000 in Vertiv stock on November 27th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Regeneron Pharmaceuticals NASDAQ: REGN on 11/29/2024.
• Purchased $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 11/27/2024.
• Sold $1,001 - $15,000 in shares of Netflix NASDAQ: NFLX on 11/27/2024.
• Purchased $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 11/26/2024.
• Purchased $1,001 - $15,000 in shares of Dominion Energy NYSE: D on 11/26/2024.
• Purchased $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 11/26/2024.
• Sold $1,001 - $15,000 in shares of Eaton NYSE: ETN on 11/25/2024.
• Sold $1,001 - $15,000 in shares of ConocoPhillips NYSE: COP on 11/22/2024.
• Purchased $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 11/22/2024.
• Purchased $1,001 - $15,000 in shares of Natera NASDAQ: NTRA on 11/20/2024.

Vertiv Trading Down 0.5 %

Shares of VRT stock traded down $0.73 on Friday, reaching $133.85. 4,545,850 shares of the stock were exchanged, compared to its average volume of 6,788,572. Vertiv Holdings Co has a 1-year low of $44.14 and a 1-year high of $145.67. The stock has a market cap of $50.24 billion, a P/E ratio of 89.23, a price-to-earnings-growth ratio of 1.35 and a beta of 1.61. 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 50 day moving average of $118.10 and a two-hundred day moving average of $97.42.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. On average, research analysts anticipate that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.0375 per share. This is a positive change from Vertiv's previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 3rd. This represents a $0.15 annualized dividend and a yield of 0.11%. Vertiv's dividend payout ratio is 6.67%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Anchor Investment Management LLC acquired a new stake in Vertiv during the second quarter worth about $26,000. Mather Group LLC. lifted its holdings in shares of Vertiv by 132.5% in the 2nd quarter. Mather Group LLC. now owns 351 shares of the company's stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Krane Funds Advisors LLC acquired a new position in Vertiv during the 3rd quarter valued at approximately $29,000. Global Trust Asset Management LLC bought a new position in Vertiv during the 3rd quarter worth $30,000. Finally, Mark Sheptoff Financial Planning LLC increased its position in Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock worth $30,000 after buying an additional 200 shares during the period. Institutional investors own 89.92% of the company's stock.

Insider Buying and Selling at Vertiv

In related news, Director Jan Van Dokkum sold 38,647 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $136.39, for a total value of $5,271,064.33. Following the completion of the transaction, the director now directly owns 25,000 shares of the company's stock, valued at $3,409,750. This represents a 60.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the sale, the executive vice president now directly owns 19,551 shares in the company, valued at $2,562,549.57. The trade was a 81.59 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on VRT shares. Bank of America increased their price objective on shares of Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Jefferies Financial Group assumed coverage on Vertiv in a research report on Monday, October 7th. They issued a "buy" rating and a $125.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on Vertiv from $124.00 to $132.00 and gave the company an "overweight" rating in a research note on Tuesday, November 19th. Citigroup boosted their price target on Vertiv from $134.00 to $141.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Finally, Mizuho increased their price objective on shares of Vertiv from $125.00 to $145.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $138.50.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer's career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer's committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

Vertiv Company Profile

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.