Vertiv (NYSE:VRT) Shares Down 0.1%

Shares of Vertiv Holdings Co (NYSE:VRT) traded down 0.1% during mid-day trading on Monday . The stock traded as low as $91.19 and last traded at $93.37. 2,957,847 shares were traded during trading, a decline of 63% from the average session volume of 8,082,733 shares. The stock had previously closed at $93.49.

Analyst Upgrades and Downgrades

VRT has been the topic of a number of research analyst reports. 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. Evercore ISI increased their price objective on Vertiv from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday. 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. JPMorgan Chase & Co. raised their target price on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Bank of America lifted their price objective on Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, March 18th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.11.

Vertiv Trading Up 0.3 %

The company has a debt-to-equity ratio of 1.45, a current ratio of 1.74 and a quick ratio of 1.35. The firm has a fifty day moving average price of $76.51 and a 200-day moving average price of $57.70. The company has a market capitalization of $35.81 billion, a P/E ratio of 89.78, a price-to-earnings-growth ratio of 1.44 and a beta of 1.59.

Vertiv (NYSE:VRT) last posted its quarterly earnings data 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 return on equity of 42.43% and a net margin of 5.79%. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. Vertiv’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities research analysts anticipate that Vertiv Holdings Co will post 2.38 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were paid a $0.025 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.10 annualized dividend and a yield of 0.11%. Vertiv’s payout ratio is 9.62%.

Insider Activity at Vertiv

In related news, EVP Stephen Liang sold 306,196 shares of the stock in a transaction 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 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 this link. In related news, EVP Stephen Liang sold 306,196 shares of the stock in a transaction 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 transaction, the executive vice president now owns 51,841 shares of the company’s stock, valued at $3,641,311.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Scott Cripps sold 56,594 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $70.76, for a total value of $4,004,591.44. The disclosure for this sale can be found here. 5.62% of the stock is owned by company insiders.

Institutional Trading of Vertiv

A number of institutional investors have recently modified their holdings of the company. Nordea Investment Management AB purchased a new stake in Vertiv in the fourth quarter worth about $1,040,000. Xponance Inc. lifted its holdings in shares of Vertiv by 2.9% during the fourth quarter. Xponance Inc. now owns 14,984 shares of the company’s stock valued at $720,000 after purchasing an additional 426 shares during the last quarter. WT Asset Management Ltd purchased a new position in shares of Vertiv during the fourth quarter valued at approximately $24,486,000. CenterBook Partners LP lifted its holdings in shares of Vertiv by 82.0% during the third quarter. CenterBook Partners LP now owns 174,938 shares of the company’s stock valued at $6,508,000 after purchasing an additional 78,793 shares during the last quarter. Finally, Quadrature Capital Ltd lifted its holdings in shares of Vertiv by 791.6% during the third quarter. Quadrature Capital Ltd now owns 92,628 shares of the company’s stock valued at $3,445,000 after purchasing an additional 82,239 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other 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.