Vertiv (NYSE:VRT) Trading 0.3% Higher

Vertiv Holdings Co (NYSE:VRT)’s share price shot up 0.3% during trading on Tuesday . The company traded as high as $95.70 and last traded at $95.13. 3,096,372 shares were traded during mid-day trading, a decline of 62% from the average session volume of 8,162,124 shares. The stock had previously closed at $94.80.

Analyst Upgrades and Downgrades

VRT has been the subject of a number of research reports. Bank of America boosted their target price on shares of Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. JPMorgan Chase & Co. increased their target price on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Citigroup lifted their price target on Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Evercore ISI increased their price objective on Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Finally, Oppenheimer lifted their target price on shares of Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and a consensus target price of $81.11.

Vertiv Stock Up 4.2 %

The business’s 50 day moving average price is $78.37 and its 200-day moving average price is $58.67. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.35 and a current ratio of 1.34. The firm has a market capitalization of $35.22 billion, a PE ratio of 88.63, a P/E/G ratio of 1.41 and a beta of 1.54.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.06. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 EPS. As a group, equities research analysts forecast that Vertiv Holdings Co will post 2.42 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.11%. The ex-dividend date of this dividend was Monday, March 18th. Vertiv’s payout ratio is currently 9.62%.

Insiders Place Their Bets

In related news, Director Doherty Philip O’ sold 488,705 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $93.68, for a total value of $45,781,884.40. Following the sale, the director now owns 11,835,476 shares of the company’s stock, valued at $1,108,747,391.68. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CAO Scott Cripps sold 56,594 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $70.76, for a total transaction of $4,004,591.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Doherty Philip O’ sold 488,705 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $93.68, for a total value of $45,781,884.40. Following the sale, the director now directly owns 11,835,476 shares in the company, valued at approximately $1,108,747,391.68. The disclosure for this sale can be found here. Insiders have sold a total of 3,362,790 shares of company stock worth $306,451,347 in the last quarter. 5.62% of the stock is owned by company insiders.

Institutional Investors Weigh In On Vertiv

A number of institutional investors and hedge funds have recently bought and sold shares of VRT. Chase Investment Counsel Corp increased its position in Vertiv by 0.3% during the first quarter. Chase Investment Counsel Corp now owns 77,142 shares of the company’s stock worth $6,300,000 after buying an additional 216 shares during the period. Hartree Partners LP acquired a new position in shares of Vertiv in the 1st quarter valued at $2,450,000. Daiwa Securities Group Inc. raised its position in Vertiv by 11.3% in the 1st quarter. Daiwa Securities Group Inc. now owns 25,700 shares of the company’s stock valued at $2,099,000 after purchasing an additional 2,600 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new stake in Vertiv during the 1st quarter worth $453,000. Finally, Nordea Investment Management AB grew its position in Vertiv by 20.5% during the 1st quarter. Nordea Investment Management AB now owns 25,854 shares of the company’s stock worth $2,130,000 after purchasing an additional 4,398 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.