Vertiv (NYSE:VRT) Stock Price Up 0.7%

Vertiv Holdings Co (NYSE:VRT) was up 0.7% during mid-day trading on Friday . The stock traded as high as $89.22 and last traded at $87.35. Approximately 2,001,903 shares traded hands during trading, a decline of 77% from the average daily volume of 8,547,182 shares. The stock had previously closed at $86.76.

Analyst Ratings Changes

Several analysts have recently issued reports on VRT shares. The Goldman Sachs Group decreased their target price on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Evercore ISI restated an “outperform” rating and issued a $105.00 price target on shares of Vertiv in a report on Thursday, August 15th. Mizuho raised Vertiv from a “neutral” rating to an “outperform” rating and dropped their price objective for the company from $95.00 to $92.00 in a research report on Wednesday, August 7th. Finally, TD Cowen upped their price target on Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $96.22.

Vertiv Stock Performance

The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00. The company has a market cap of $32.32 billion, a PE ratio of 82.70, a PEG ratio of 1.08 and a beta of 1.58. The stock has a 50 day simple moving average of $79.87 and a two-hundred day simple moving average of $84.38.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.10. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the business posted $0.46 earnings per share. Vertiv’s revenue was up 12.6% compared to the same quarter last year. Equities analysts predict that Vertiv Holdings Co will post 2.58 EPS for the current year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend is Tuesday, September 17th. Vertiv’s payout ratio is 9.62%.

Insider Activity

In related news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the completion of the sale, the insider now owns 10,542 shares in the company, valued at $843,254.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 5.01% of the company’s stock.

Institutional Trading of Vertiv

Hedge funds and other institutional investors have recently modified their holdings of the business. Bogart Wealth LLC bought a new position in shares of Vertiv during the 1st quarter worth about $25,000. Raleigh Capital Management Inc. grew its stake in shares of Vertiv by 79.0% during 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 during the period. Atticus Wealth Management LLC acquired a new position in shares of Vertiv during the 1st quarter worth about $27,000. Mather Group LLC. grew its position in shares of Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after buying an additional 200 shares during the period. Finally, Hazlett Burt & Watson Inc. acquired a new position in shares of Vertiv during the 1st quarter worth about $34,000. 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.