Jakki L. Haussler, a director at Vertiv Holdings Co (NYSE:VRT), recently sold a significant portion of her holdings in the company. On November 20, Haussler sold 15,347 shares of Class A Common Stock, amounting to approximately $2.1 million, at a weighted average price of $137.3789 per share. This transaction reduced her ownership to 3,425 shares.
In addition to the sales, Haussler acquired 18,772 shares through stock option exercises at prices ranging from $12.97 to $15.84 per share, totaling around $264,997. These acquisitions increased her direct holdings, reflecting her continued investment in Vertiv Holdings.
In other recent news, Vertiv Holdings Co. has been the recipient of multiple analyst upgrades. Wolfe Research increased its price target for Vertiv to $149, maintaining an Outperform rating, following the company's 2024 Investor Event. Vertiv revised its organic growth CAGR to 12-14% for 2024 to 2029, up from the previously projected 8-11% range for 2023-2028. The company now anticipates $14.4 billion in sales by 2029.
Oppenheimer also raised its price target for Vertiv to $131, maintaining an Outperform rating. The firm revised its fiscal year 2025-2026 estimates for the company upward, reflecting optimism about Vertiv's ability to exceed market expectations and deliver on its newly set goals.
Mizuho (NYSE:MFG) Securities increased its price target for Vertiv to $145, maintaining an Outperform rating. The firm revised its EPS estimates upwards for Vertiv, based on the company's growth prospects.
UBS initiated coverage of Vertiv with a Buy rating and a price target of $155, forecasting a 20% compounded annual growth in earnings per share from 2024 to 2028.
Additionally, Vertiv announced the promotion of Scott Armul to executive vice president, global portfolio and business units, effective January 1, 2025. These are recent developments that may influence Vertiv's future performance.
InvestingPro Insights
Vertiv Holdings Co (NYSE:VRT) has been experiencing significant market momentum, as evidenced by its recent stock performance and financial metrics. According to InvestingPro data, the company's stock has shown remarkable returns, with a 222.5% price total return over the past year and an impressive 192.06% year-to-date return. This aligns with the recent insider transaction, where director Jakki L. Haussler sold a substantial portion of her holdings at $137.3789 per share, potentially capitalizing on the stock's strong performance.
The company's financial health appears robust, with revenue growth of 13.2% over the last twelve months and a quarterly revenue growth of 18.99% in Q3 2024. This growth trajectory is supported by an InvestingPro Tip indicating that net income is expected to grow this year, which could further fuel investor confidence.
However, investors should note that Vertiv is trading at a high P/E ratio of 91.53, suggesting a premium valuation. This is corroborated by another InvestingPro Tip stating that the stock is trading at a high earnings multiple. Despite this, the company's PEG ratio of 0.73 indicates that it may still be undervalued relative to its growth prospects.
For those interested in a deeper analysis, InvestingPro offers 20 additional tips for Vertiv Holdings, providing a comprehensive view of the company's financial position and market outlook.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.