In a recent filing with the Securities and Exchange Commission, Stephen Liang, Chief Technology Officer and Executive Vice President of Vertiv Holdings Co (NYSE:), reported significant stock transactions. On November 26, Liang sold a total of 86,619 shares of Vertiv’s Class A Common Stock, with transaction prices ranging from $130.79 to $131.46 per share. The total value of these sales amounted to approximately $11.35 million.
Additionally, Liang exercised options to acquire 69,862 shares of Class A Common Stock at prices ranging from $11.50 to $15.84, totaling approximately $927,589. Following these transactions, Liang holds 19,551 shares directly and one share indirectly through his daughter.
In other recent news, Vertiv Holdings Co. has seen a series of price target upgrades from various analysts. Wolfe Research raised its price target to $149, maintaining an outperform rating, following the company’s 2024 Investor Event. The firm noted Vertiv’s revised growth rate and margin target, with an anticipated sales figure of approximately $14.4 billion by 2029. Similarly, Oppenheimer increased its price target to $131, citing the company’s updated long-term growth and margin targets. Mizuho (NYSE:) Securities also raised its price target for Vertiv to $145, following the company’s Investor Day, while UBS initiated coverage with a Buy rating and a price target of $155, forecasting a 20% compounded annual growth in earnings per share from 2024 to 2028. These recent developments reflect a positive outlook on Vertiv’s financial performance.
In other personnel news, Vertiv has promoted Scott Armul to executive vice president, global portfolio, and business units, effective January 1, 2025. His role will be crucial in guiding Vertiv’s portfolio strategy to meet evolving industry needs and customer demands.
In terms of strategic partnerships, Vertiv has announced a collaboration with NVIDIA (NASDAQ:) to co-develop power and cooling solutions. The company also plans to expand its liquid cooling capacity by 45 times by the end of 2023. These developments are part of Vertiv’s growth-oriented strategy, aiming to consolidate its market position.
InvestingPro Insights
Vertiv Holdings Co (NYSE:VRT) has been experiencing significant momentum, as evidenced by the recent insider transactions and the company’s financial performance. According to InvestingPro data, Vertiv’s stock has shown remarkable strength, with a 200.89% price total return over the past year and a 164.53% return year-to-date. This aligns with the InvestingPro Tip highlighting the company’s “high return over the last year.”
The company’s financial health appears robust, with revenue growth of 13.2% in the last twelve months and an impressive 18.99% quarterly revenue growth. Vertiv’s EBITDA has also seen substantial growth, increasing by 40.97% in the last twelve months. These figures support another InvestingPro Tip suggesting that “net income is expected to grow this year.”
Despite the strong performance, investors should note that Vertiv is trading at a high P/E ratio of 81.95, which is reflected in the InvestingPro Tip indicating that the stock is “trading at a high earnings multiple.” This valuation metric suggests that the market has high expectations for Vertiv’s future growth.
For those interested in a more comprehensive analysis, InvestingPro offers 16 additional tips for Vertiv Holdings Co, providing deeper insights into the company’s financial position and market performance.
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