Vertiv (NYSE:VRT) Trading 11.7% Higher

Vertiv Holdings Co (NYSE:VRT) shares rose 11.7% during mid-day trading on Wednesday . The stock traded as high as $94.39 and last traded at $88.45. Approximately 12,267,756 shares were traded during trading, an increase of 60% from the average daily volume of 7,676,429 shares. The stock had previously closed at $79.17.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VRT. Evercore ISI increased their price target on shares of Vertiv from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Oppenheimer began coverage on Vertiv in a research note on Friday, April 5th. They set an “outperform” rating and a $96.00 target price for the company. JPMorgan Chase & Co. upped their price target on Vertiv from $65.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Bank of America upped their price target on Vertiv from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Finally, Mizuho upped their price target on Vertiv from $50.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $74.56.

Vertiv Trading Up 6.8 %

The company has a 50 day moving average of $74.96 and a 200-day moving average of $56.68. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.35 and a current ratio of 1.74. The stock has a market cap of $32.30 billion, a price-to-earnings ratio of 71.64, a price-to-earnings-growth ratio of 1.21 and a beta of 1.59.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.88 billion. Vertiv had a return on equity of 39.46% and a net margin of 6.71%. Vertiv’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 EPS. On average, research analysts anticipate that Vertiv Holdings Co will post 2.36 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were issued a $0.025 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.12%. Vertiv’s payout ratio is currently 8.47%.

Insider Activity

In other news, EVP Stephen Liang sold 306,196 shares of the 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 transaction, the executive vice president now owns 51,841 shares in the company, valued at approximately $3,641,311.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO Scott Cripps sold 56,594 shares of the firm’s 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Stephen Liang sold 306,196 shares of the firm’s 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 owns 51,841 shares in the company, valued at approximately $3,641,311.84. The disclosure for this sale can be found here. Company insiders own 5.62% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of VRT. First Horizon Advisors Inc. grew its stake in shares of Vertiv by 161.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock valued at $25,000 after purchasing an additional 409 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Vertiv in the 4th quarter valued at approximately $26,000. Raleigh Capital Management Inc. lifted its holdings in shares of Vertiv by 79.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock valued at $27,000 after buying an additional 252 shares during the period. Atticus Wealth Management LLC acquired a new stake in shares of Vertiv in the 1st quarter valued at approximately $27,000. Finally, Clearstead Advisors LLC acquired a new stake in shares of Vertiv in the 3rd quarter valued at approximately $38,000. 89.92% of the stock is currently 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.