Vertiv (NYSE:VRT) Stock Price Up 1.6%

Shares of Vertiv Holdings Co (NYSE:VRT) rose 1.6% on Wednesday . The stock traded as high as $101.67 and last traded at $100.73. Approximately 2,023,414 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 7,945,202 shares. The stock had previously closed at $99.13.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. The Goldman Sachs Group lifted their price target on Vertiv from $103.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Oppenheimer lifted their price target on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Mizuho raised their price objective on shares of Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Finally, Citigroup lifted their price target on shares of Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and an average price target of $91.00.

Vertiv Price Performance

The firm has a market capitalization of $37.15 billion, a P/E ratio of 96.86, a PEG ratio of 1.50 and a beta of 1.55. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 2.09. The business’s 50-day simple moving average is $86.41 and its 200 day simple moving average is $64.58.

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, topping the consensus estimate of $0.37 by $0.06. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. Vertiv’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $0.24 EPS. Sell-side analysts forecast that Vertiv Holdings Co will post 2.42 earnings per share for the current year.

Vertiv Dividend Announcement

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

Insider Transactions at Vertiv

In related news, EVP Stephen Liang sold 306,196 shares of the business’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 sale, the executive vice president now owns 51,841 shares in the company, valued at $3,641,311.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Anders Karlborg sold 46,206 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $93.75, for a total value of $4,331,812.50. Following the completion of the sale, the executive vice president now directly owns 23,003 shares of the company’s stock, valued at $2,156,531.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen Liang sold 306,196 shares of the company’s 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 sale, the executive vice president now directly owns 51,841 shares of the company’s stock, valued at $3,641,311.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,426,331 shares of company stock valued at $312,577,246. 5.01% of the stock is currently owned by insiders.

Institutional Trading of Vertiv

Hedge funds have recently added to or reduced their stakes in the business. Bogart Wealth LLC purchased a new stake in Vertiv in the first quarter worth about $25,000. GAMMA Investing LLC bought a new position in Vertiv in the fourth quarter worth about $26,000. Raleigh Capital Management Inc. raised its holdings in Vertiv by 79.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock worth $27,000 after purchasing an additional 252 shares in the last quarter. Atticus Wealth Management LLC bought a new position in Vertiv in the first quarter worth about $27,000. Finally, Hazlett Burt & Watson Inc. bought a new position in Vertiv in the first quarter worth about $34,000. 89.92% of the stock is 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.