Vertiv (NYSE:VRT) Trading Up 4.2%

Vertiv Holdings Co (NYSE:VRT)’s stock price traded up 4.2% during mid-day trading on Tuesday . The stock traded as high as $91.83 and last traded at $91.53. 2,870,158 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 8,417,011 shares. The stock had previously closed at $87.85.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on VRT shares. Mizuho lifted their price objective on Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Bank of America upped their price target on Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. JPMorgan Chase & Co. lifted their price objective on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Oppenheimer upped their target price on shares of Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Finally, The Goldman Sachs Group cut their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Vertiv has an average rating of “Moderate Buy” and a consensus target price of $96.56.

Vertiv Trading Down 2.7 %

The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 2.09. The business’s fifty day moving average is $92.71 and its two-hundred day moving average is $79.58. The firm has a market cap of $28.63 billion, a price-to-earnings ratio of 74.69, a price-to-earnings-growth ratio of 1.32 and a beta of 1.58.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.57 by $0.10. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the firm earned $0.46 EPS. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. Equities analysts anticipate that Vertiv Holdings Co will post 2.44 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.13%. The ex-dividend date of this dividend was Monday, June 17th. Vertiv’s dividend payout ratio (DPR) is presently 9.62%.

Insider Transactions at Vertiv

In related news, EVP Anders Karlborg sold 46,206 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $93.75, for a total value of $4,331,812.50. Following the transaction, the executive vice president now directly owns 23,003 shares in the company, valued at $2,156,531.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Doherty Philip O’ sold 488,705 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $93.68, for a total transaction of $45,781,884.40. Following the completion of the transaction, the director now directly owns 11,835,476 shares in the company, valued at approximately $1,108,747,391.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Anders Karlborg sold 46,206 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $93.75, for a total value of $4,331,812.50. Following the completion of the sale, the executive vice president now directly owns 23,003 shares of the company’s stock, valued at $2,156,531.25. The disclosure for this sale can be found here. Insiders sold a total of 4,162,739 shares of company stock worth $400,713,362 in the last quarter. 5.01% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vertiv

A number of hedge funds and other institutional investors have recently made changes to their positions in VRT. Bogart Wealth LLC bought a new position in Vertiv during the first quarter worth about $25,000. Atticus Wealth Management LLC bought a new position in shares of Vertiv during the 1st quarter valued at about $27,000. Mather Group LLC. lifted its holdings in shares of Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Vertiv in the 2nd quarter valued at approximately $34,000. Finally, Hazlett Burt & Watson Inc. bought a new stake in Vertiv during the 1st quarter worth approximately $34,000. 89.92% of the stock is owned by institutional investors.

About Vertiv

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.