Vertiv (NYSE:VRT) Shares Up 4.6%

Vertiv Holdings Co (NYSE:VRT)’s stock price shot up 4.6% during trading on Tuesday . The company traded as high as $85.99 and last traded at $85.73. 3,158,086 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 7,355,358 shares. The stock had previously closed at $81.95.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VRT. Citigroup lifted their target price on Vertiv from $49.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, December 11th. Bank of America boosted their price objective on Vertiv from $80.00 to $90.00 and gave the company a “buy” rating in a report on Monday, March 18th. The Goldman Sachs Group boosted their price objective on Vertiv from $46.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, November 30th. JPMorgan Chase & Co. boosted their price objective on Vertiv from $53.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Finally, Mizuho boosted their price objective on Vertiv from $50.00 to $56.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.38.

Vertiv Trading Up 0.8 %

The company has a 50-day moving average price of $65.71 and a 200-day moving average price of $50.67. The firm has a market capitalization of $31.19 billion, a price-to-earnings ratio of 68.65, a PEG ratio of 1.32 and a beta of 1.57. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.35 and a current ratio of 1.74.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Vertiv had a return on equity of 39.46% and a net margin of 6.71%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 EPS. As a group, research analysts forecast that Vertiv Holdings Co will post 2.35 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Tuesday, March 19th will be given a $0.025 dividend. The ex-dividend date is Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.12%. Vertiv’s dividend payout ratio (DPR) is presently 8.47%.

Insider Activity at Vertiv

In related news, EVP Stephen Liang sold 306,196 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the sale, the executive vice president now directly owns 51,841 shares of the company’s stock, valued at approximately $3,641,311.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CAO Scott Cripps sold 56,594 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $70.76, for a total transaction of $4,004,591.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen Liang sold 306,196 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.24, for a total value of $21,507,207.04. Following the transaction, the executive vice president now directly owns 51,841 shares of the company’s stock, valued at $3,641,311.84. The disclosure for this sale can be found here. Insiders own 5.62% of the company’s stock.

Hedge Funds Weigh In On Vertiv

A number of large investors have recently modified their holdings of the business. Advisor Group Holdings Inc. increased its stake in Vertiv by 11.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 26,749 shares of the company’s stock valued at $375,000 after purchasing an additional 2,756 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Vertiv by 17.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 15,756 shares of the company’s stock worth $221,000 after buying an additional 2,361 shares in the last quarter. US Bancorp DE raised its position in shares of Vertiv by 216.7% in the first quarter. US Bancorp DE now owns 21,756 shares of the company’s stock valued at $304,000 after buying an additional 14,886 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Vertiv by 40.2% during the first quarter. Citigroup Inc. now owns 66,068 shares of the company’s stock valued at $925,000 after buying an additional 18,935 shares during the period. Finally, Bank of Montreal Can boosted its position in Vertiv by 450.1% during the first quarter. Bank of Montreal Can now owns 461,842 shares of the company’s stock worth $6,333,000 after acquiring an additional 377,884 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

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.