Vertiv (NYSE:VRT) Trading 1% Higher

Vertiv Holdings Co (NYSE:VRT)’s stock price traded up 1% on Thursday . The stock traded as high as $90.90 and last traded at $89.43. 1,656,897 shares were traded during trading, a decline of 80% from the average session volume of 8,211,836 shares. The stock had previously closed at $88.52.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Mizuho raised their price objective on Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Citigroup raised their price objective on Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Bank of America lifted their target price on Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. JPMorgan Chase & Co. lifted their target price on Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Finally, Oppenheimer lifted their target price on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Vertiv has a consensus rating of “Moderate Buy” and a consensus target price of $81.11.

Vertiv Stock Up 3.9 %

The stock has a 50 day moving average of $78.37 and a 200-day moving average of $58.67. The firm has a market capitalization of $35.13 billion, a P/E ratio of 85.99, a PEG ratio of 1.41 and a beta of 1.54. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.35 and a current ratio of 1.34.

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

Vertiv Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date was Monday, March 18th. Vertiv’s payout ratio is presently 9.62%.

Insider Buying and Selling at Vertiv

In other news, Director Doherty Philip O’ sold 488,705 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $93.68, for a total transaction of $45,781,884.40. Following the completion of the transaction, the director now owns 11,835,476 shares of the company’s stock, valued at $1,108,747,391.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Doherty Philip O’ sold 488,705 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $93.68, for a total transaction of $45,781,884.40. Following the completion of the transaction, the director now owns 11,835,476 shares of the company’s stock, valued at $1,108,747,391.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen Liang sold 306,196 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the sale, the executive vice president now owns 51,841 shares of the company’s stock, valued at approximately $3,641,311.84. The disclosure for this sale can be found here. Insiders sold 3,362,790 shares of company stock valued at $306,451,347 in the last quarter. 5.62% of the stock is currently owned by corporate insiders.

Institutional Trading of Vertiv

A number of hedge funds have recently bought and sold shares of VRT. First Horizon Advisors Inc. lifted its position in 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 purchasing an additional 409 shares during the last quarter. Bogart Wealth LLC bought a new position in shares of Vertiv during the first quarter valued at approximately $25,000. GAMMA Investing LLC bought a new position in shares of Vertiv during the fourth quarter valued at approximately $26,000. Raleigh Capital Management Inc. raised its holdings in shares of 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 acquiring an additional 252 shares in the last quarter. Finally, Atticus Wealth Management LLC bought a new position in shares of Vertiv during the first quarter valued at approximately $27,000. Institutional investors own 89.92% of the company’s stock.

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.