Vertiv (NYSE:VRT) Shares Up 0%

Vertiv Holdings Co (NYSE:VRT) rose 0% during trading on Thursday . The stock traded as high as $99.44 and last traded at $97.72. Approximately 1,681,919 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 8,070,082 shares. The stock had previously closed at $97.68.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Oppenheimer raised their price target on Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Citigroup raised their price target on Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Mizuho raised their price target on Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Evercore ISI raised their price target on Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. lifted their target price on Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $81.11.

Vertiv Stock Performance

The company has a market capitalization of $36.66 billion, a P/E ratio of 94.17, a PEG ratio of 1.41 and a beta of 1.55. 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 price of $81.38 and a two-hundred day moving average price of $60.63.

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

Vertiv Dividend Announcement

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

Insider Buying and Selling

In other Vertiv news, 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 value of $63,052.52. Following the completion of the transaction, the insider now owns 19,452 shares in the company, valued at approximately $1,836,074.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Anders Karlborg sold 46,206 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $93.75, for a total transaction of $4,331,812.50. Following the transaction, the executive vice president now directly owns 23,003 shares in the company, valued at approximately $2,156,531.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Yibin Edward Cui sold 668 shares of the stock in a transaction dated Saturday, May 4th. The shares were sold at an average price of $94.39, for a total value of $63,052.52. Following the transaction, the insider now owns 19,452 shares in the company, valued at $1,836,074.28. The disclosure for this sale can be found here. Insiders have sold a total of 3,409,664 shares of company stock valued at $310,846,212 over the last ninety days. 5.62% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vertiv

Institutional investors have recently modified their holdings of the company. First Horizon Advisors Inc. lifted its holdings in Vertiv by 161.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock worth $25,000 after buying an additional 409 shares during the period. Bogart Wealth LLC purchased a new position in Vertiv during the first quarter valued at $25,000. GAMMA Investing LLC purchased a new position in Vertiv during the fourth quarter valued at $26,000. Raleigh Capital Management Inc. raised its stake in Vertiv by 79.0% during the fourth 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 last quarter. Finally, Atticus Wealth Management LLC purchased a new position in Vertiv during the first quarter valued at $27,000. 89.92% of the stock is currently owned by institutional investors.

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.