Vertiv (NYSE:VRT) Trading 3.3% Higher

Shares of Vertiv Holdings Co (NYSE:VRT) shot up 3.3% on Monday . The company traded as high as $89.18 and last traded at $88.11. 2,780,391 shares were traded during trading, a decline of 67% from the average session volume of 8,421,545 shares. The stock had previously closed at $85.31.

Wall Street Analyst Weigh In

VRT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Bank of America increased their price objective on shares of Vertiv from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. The Goldman Sachs Group boosted their target price on shares of Vertiv from $103.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Citigroup upped their target price on shares of Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Finally, Oppenheimer raised their price target on shares of Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $92.11.

Vertiv Stock Performance

The stock’s 50 day moving average is $92.71 and its two-hundred day moving average is $79.58. The firm has a market capitalization of $29.43 billion, a P/E ratio of 75.60, a P/E/G ratio of 1.27 and a beta of 1.58. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 0.98.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the previous year, the company posted $0.24 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities analysts anticipate that Vertiv Holdings Co will post 2.44 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Monday, June 17th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend was Monday, June 17th. Vertiv’s payout ratio is 9.62%.

Insiders Place Their Bets

In other news, Director Doherty Philip O’ sold 2,511,295 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $93.64, for a total value of $235,157,663.80. Following the completion of the sale, the director now directly owns 9,324,181 shares of the company’s stock, valued at approximately $873,116,308.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Vertiv news, Director Roger Fradin sold 16,667 shares of Vertiv stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $103.86, for a total transaction of $1,731,034.62. Following the transaction, the director now directly owns 218,333 shares in the company, valued at $22,676,065.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Doherty Philip O’ sold 2,511,295 shares of Vertiv stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $93.64, for a total value of $235,157,663.80. Following the transaction, the director now owns 9,324,181 shares in the company, valued at approximately $873,116,308.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,162,739 shares of company stock worth $400,713,362. Insiders own 5.01% of the company’s stock.

Institutional Trading of Vertiv

A number of large investors have recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Vertiv in the fourth quarter valued at approximately $185,339,000. Price T Rowe Associates Inc. MD boosted its stake in Vertiv by 303.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock worth $390,143,000 after purchasing an additional 3,591,903 shares during the period. Coatue Management LLC boosted its stake in Vertiv by 19.5% in the 4th quarter. Coatue Management LLC now owns 13,811,848 shares of the company’s stock worth $663,383,000 after purchasing an additional 2,249,353 shares during the period. Vanguard Group Inc. increased its holdings in Vertiv by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock worth $2,745,930,000 after purchasing an additional 1,766,784 shares in the last quarter. Finally, Castle Hook Partners LP acquired a new stake in shares of Vertiv in the 1st quarter valued at about $135,987,000. 89.92% of the stock is 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.