In a recent move, Roger Fradin, a director at Vertiv Holdings Co (NYSE:VRT), has sold a significant amount of company stock, totaling over $5 million. The transactions, which took place on May 15, 2024, were executed in a series of trades within a narrow price range.
Fradin offloaded 33,333 shares at a weighted average price of $103.9118, and another 16,667 shares at a weighted average price of $103.8645. These sales amounted to a combined value of approximately $5,194,801. The price range for the shares sold by Fradin was between $103.8645 and $103.9118.
According to the SEC filing, following these transactions, Fradin still indirectly holds 100,000 shares through the Fradin Community Property Trust. Additionally, Fradin is involved in two Grantor Retained Annuity Trusts (GRATs), the R VRT GRAT 2024 and the S VRT GRAT 2024, which now hold 50,000 shares each as a result of the director's gifting of the stock. These trusts are for the benefit of Fradin and his spouse, respectively, and have not sold any shares.
Investors often monitor insider transactions such as these for insights into executive sentiment regarding their company's stock. The sale by a high-ranking insider can be significant, although the reasons for such transactions can vary widely.
Vertiv Holdings Co, with its trading symbol VRT, is known for its work in the electronic components sector and is incorporated in Delaware. The company's business address is in Westerville, Ohio.
InvestingPro Insights
As investors digest the news of Roger Fradin's stock sale, data from InvestingPro provides a broader context for Vertiv Holdings Co's (NYSE:VRT) current financial health and market performance. With a market capitalization of $36.3 billion and a high P/E ratio of 90.39, which adjusts to 86.93 on a last twelve months basis as of Q1 2024, Vertiv's valuation is a focal point for investors. The company's revenue has shown a solid growth of 15.27% over the last twelve months leading up to Q1 2024, indicating a positive trend in the company's earning potential.
Additionally, Vertiv's stock has experienced a significant uptick over the last six months, with a 124.94% total return, and an even more impressive one-year return of 523.01%. This performance is reflected in the company's current price, which is at 92.42% of its 52-week high. Investors interested in the company's future prospects should note that six analysts have revised their earnings upwards for the upcoming period, as per InvestingPro Tips, suggesting a positive outlook for Vertiv's financial trajectory.
For those considering a deeper dive into Vertiv's financials and stock performance, InvestingPro offers additional insights. There are currently 17 more InvestingPro Tips available for Vertiv Holdings Co, which can be accessed at https://www.investing.com/pro/VRT. To enhance your investment research with these valuable tips, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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