Vertiv (NYSE:VRT) Sets New 12-Month High at $45.15

Vertiv Holdings Co (NYSE:VRT)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $45.15 and last traded at $43.65, with a volume of 516822 shares. The stock had previously closed at $44.55.

Analyst Ratings Changes

VRT has been the subject of several recent analyst reports. Citigroup boosted their price target on Vertiv from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Evercore ISI upped their target price on shares of Vertiv from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Thursday, September 7th. Mizuho boosted their price objective on shares of Vertiv from $32.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, October 26th. TheStreet upgraded shares of Vertiv from a “c” rating to a “b-” rating in a research report on Wednesday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Vertiv from $39.00 to $49.00 and gave the stock a “buy” rating in a research report on Thursday, September 14th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.00.

Vertiv Stock Performance

The business’s 50-day moving average price is $39.08 and its 200-day moving average price is $30.84. The stock has a market cap of $16.51 billion, a P/E ratio of 67.15 and a beta of 1.43. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.28 and a current ratio of 1.72.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.44 by $0.08. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.75 billion. Vertiv had a return on equity of 36.13% and a net margin of 3.82%. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 earnings per share. As a group, sell-side analysts expect that Vertiv Holdings Co will post 1.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Vpe Holdings, Llc sold 10,000,000 shares of the stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $37.50, for a total transaction of $375,000,000.00. Following the completion of the sale, the director now owns 7,955,215 shares in the company, valued at $298,320,562.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Scott Cripps sold 36,008 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $38.47, for a total transaction of $1,385,227.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vpe Holdings, Llc sold 10,000,000 shares of Vertiv stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $37.50, for a total value of $375,000,000.00. Following the completion of the sale, the director now directly owns 7,955,215 shares in the company, valued at $298,320,562.50. The disclosure for this sale can be found here. 5.62% of the stock is currently owned by insiders.

Institutional Trading of Vertiv

A number of large investors have recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. raised its position in shares of Vertiv by 11.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 26,749 shares of the company’s stock valued at $375,000 after buying an additional 2,756 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Vertiv by 17.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 15,756 shares of the company’s stock valued at $221,000 after purchasing an additional 2,361 shares during the period. US Bancorp DE lifted its stake in shares of Vertiv by 216.7% in the 1st quarter. US Bancorp DE now owns 21,756 shares of the company’s stock valued at $304,000 after purchasing an additional 14,886 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of Vertiv by 40.2% in the 1st quarter. Citigroup Inc. now owns 66,068 shares of the company’s stock worth $925,000 after purchasing an additional 18,935 shares during the period. Finally, Bank of Montreal Can increased its position in shares of Vertiv by 450.1% during the 1st quarter. Bank of Montreal Can now owns 461,842 shares of the company’s stock valued at $6,333,000 after purchasing an additional 377,884 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.

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.