Vertiv (NYSE:VRT) Trading Up 3.3%

Vertiv Holdings Co (NYSE:VRT)’s stock price was up 3.3% during trading on Monday . The stock traded as high as $97.28 and last traded at $96.04. Approximately 2,437,016 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 8,157,008 shares. The stock had previously closed at $93.01.

Analyst Upgrades and Downgrades

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

Vertiv Stock Performance

The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 0.98. The company has a fifty day moving average of $80.75 and a two-hundred day moving average of $60.37. The stock has a market capitalization of $36.56 billion, a P/E ratio of 93.91, a price-to-earnings-growth ratio of 1.41 and a beta of 1.55.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. The business had revenue of $1.64 billion during 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 business’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 earnings per share. On average, equities analysts anticipate that Vertiv Holdings Co will post 2.42 EPS for the current year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were given a $0.025 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a yield of 0.10%. Vertiv’s dividend payout ratio (DPR) is 9.62%.

Insiders Place Their Bets

In other Vertiv news, insider Yibin Edward Cui sold 668 shares of the company’s stock in a transaction that occurred on Saturday, May 4th. The stock was sold at an average price of $94.39, for a total value of $63,052.52. Following the completion of the sale, the insider now directly owns 19,452 shares in the company, valued at $1,836,074.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Stephen Liang sold 306,196 shares of the company’s stock in a transaction on Friday, March 1st. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Yibin Edward Cui sold 668 shares of the company’s stock in a transaction on Saturday, May 4th. The stock was sold at an average price of $94.39, for a total transaction of $63,052.52. Following the completion of the transaction, the insider now directly owns 19,452 shares in the company, valued at $1,836,074.28. The disclosure for this sale can be found here. Insiders sold 3,409,664 shares of company stock worth $310,846,212 over the last ninety days. Company insiders own 5.62% of the company’s stock.

Institutional Investors Weigh In On Vertiv

A number of large investors have recently bought and sold shares of the business. Bleakley Financial Group LLC boosted its holdings in Vertiv by 284.5% in the first quarter. Bleakley Financial Group LLC now owns 19,204 shares of the company’s stock worth $1,568,000 after purchasing an additional 14,210 shares in the last quarter. US Bancorp DE boosted its holdings in Vertiv by 25.7% in the first quarter. US Bancorp DE now owns 14,412 shares of the company’s stock worth $1,177,000 after purchasing an additional 2,951 shares in the last quarter. Qsemble Capital Management LP bought a new stake in Vertiv in the first quarter worth $939,000. Headlands Technologies LLC boosted its holdings in Vertiv by 100.3% during the first quarter. Headlands Technologies LLC now owns 18,768 shares of the company’s stock valued at $1,533,000 after acquiring an additional 9,397 shares during the period. Finally, Williams Jones Wealth Management LLC. bought a new stake in Vertiv during the first quarter valued at about $19,054,000. 89.92% of the stock is currently owned by 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.