Vertiv (NYSE:VRT) Trading 0.3% Higher

Vertiv Holdings Co (NYSE:VRT) shares shot up 0.3% during mid-day trading on Tuesday . The company traded as high as $95.70 and last traded at $95.13. 3,096,372 shares changed hands 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.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on VRT shares. Citigroup raised their target price on shares of Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. increased their price target on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Mizuho boosted their price objective on Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday. Oppenheimer raised their target price on Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Finally, Evercore ISI boosted their price target on shares of Vertiv from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. One 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 price target of $81.11.

Vertiv Trading Down 1.9 %

The business’s 50-day simple moving average is $77.15 and its 200-day simple moving average is $58.08. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 1.45. The company has a market cap of $35.52 billion, a PE ratio of 91.47, a P/E/G ratio of 1.44 and a beta of 1.59.

Vertiv (NYSE:VRT) last issued its quarterly earnings results 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 company 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 42.43% and a net margin of 5.79%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business posted $0.24 earnings per share. As a group, analysts expect that Vertiv Holdings Co will post 2.38 EPS for the current fiscal year.

Vertiv Dividend Announcement

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

Insider Transactions at Vertiv

In other news, EVP Stephen Liang sold 306,196 shares of the firm’s stock in a transaction dated 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 owns 51,841 shares of the company’s stock, valued at approximately $3,641,311.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Vertiv 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 transaction of $21,507,207.04. Following the completion of 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 filing with the SEC, which is available through the SEC website. Also, CAO Scott Cripps sold 56,594 shares of the company’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 value of $4,004,591.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,362,790 shares of company stock worth $306,451,347. Corporate insiders own 5.62% of the company’s stock.

Hedge Funds Weigh In On Vertiv

Institutional investors have recently modified their holdings of the business. First Horizon Advisors Inc. increased its stake in shares of Vertiv by 161.7% in the third quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock valued at $25,000 after buying an additional 409 shares during the period. Bogart Wealth LLC bought a new stake in shares of Vertiv during the 1st quarter valued at about $25,000. GAMMA Investing LLC bought a new stake in shares of Vertiv in the 4th quarter valued at $26,000. Raleigh Capital Management Inc. increased its stake in Vertiv by 79.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock valued at $27,000 after purchasing an additional 252 shares in the last quarter. Finally, Atticus Wealth Management LLC acquired a new position in Vertiv during the 1st quarter worth approximately $27,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

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.