Director DEANGELO JOSEPH J acquire 71,600 shares of Vertiv Holdings Co [VRT]


The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Vertiv Holdings Co shares valued at $1,001,684 were purchased by DEANGELO JOSEPH J on Nov 03. At $13.99 per share, DEANGELO JOSEPH J acquired 71,600 shares. The insider’s holdings grew to 71,600 shares worth approximately $0.95 million following the completion of this transaction.

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Also, Fallon David Joseph purchased 13,000 shares, netting a total of over 175,110 in proceeds. Following the buying of shares at $13.47 each, the insider now holds 220,679 shares.

As published in a research note from Cowen on October 27, 2022, Vertiv Holdings Co [VRT] has been rated up from a Market perform to an Outperform and the price target has been revised to $20 from $11.75. This represents a 33.4% premium over Wednesday’s closing price. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early April. As of February 24, 2022, Cowen has decreased its “an Outperform” rating to a “Market perform” for VRT. Earlier on February 23, 2022, Vertical Research downgraded its rating. Their new recommendation was “a Hold” for VRT stock which previously was a “a Buy”.

Analyzing VRT Stock Performance

On Wednesday, Vertiv Holdings Co [NYSE: VRT] plunged -4.52% to $13.32. The stock’s lowest price that day was $12.905, but it reached a high of $13.56 in the same session. During the last five days, there has been a drop of approximately -15.37%. Over the course of the year, Vertiv Holdings Co shares have dropped approximately -2.49%. Shares of the company reached a 52-week high of $17.88 on 02/22/23 and a 52-week low of $12.90 on 03/15/23. A 50-day SMA is recorded $14.97, while a 200-day SMA reached $12.69. Nevertheless, trading volume fell to 3.69 million shares from 3.31 million shares the previous day.

Support And Resistance Levels for Vertiv Holdings Co (VRT)

According to the 24-hour chart, there is a support level at 12.96, which, if violated, would cause prices to drop to 12.61. In the upper region, resistance lies at 13.62. The next price resistance is at 13.92. RSI (Relative Strength Index) is 34.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.63, which suggests the price will decrease in the coming days. Percent R is at 88.80%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Vertiv Holdings Co subject to short interest?

Stocks of Vertiv Holdings Co saw a sharp rise in short interest on Jan 30, 2023 jumping by 1.98 million shares to 14.04 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 12.06 million shares. A jump of 14.1% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.29 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.29.

Which companies own the most shares of Vertiv Holdings Co (VRT)?

According to Barrow, Hanley, Mewhinney & Strau filings, the company currently owns 32,920,706 shares, which is about 8.73% of the total VRT shares outstanding. The investor’s shares have plunged by -1,553,471 from its previous 13-F filing of 34474177.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $435,308,039. A total of 395,666 shares of Vertiv Holdings Co were sold by BlackRock Fund Advisors during the quarter, and -512,146 were sold by NewSouth Capital Management, Inc. In its current portfolio, Fidelity Management & Research Co holds 10,113,763 shares valued at $164.35 million.

In terms of Vertiv Holdings Co share price expectations, FactSet research, analysts set an average price target of $18.95 in the next 12 months, up nearly 36.2% from the previous closing price of $13.95. Analysts anticipate Vertiv Holdings Co stock to reach $26.00 by 2023, with the lowest price target being $13.00. In spite of this, 11 analysts ranked Vertiv Holdings Co stock as an Overweight at the end of 2023. On February 23, 2022, BofA Securities assigned a price target of “an Underperform” to the stock and downgraded coverage with a $15.


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