Vertiv (NYSE:VRT) Trading 1% Higher

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on VRT shares. Bank of America raised 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. Citigroup lifted their price objective on Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. upped their price objective on shares of Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Evercore ISI raised their target price on shares of Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Finally, Oppenheimer increased their price objective on shares of Vertiv from $96.00 to $98.00 and gave the company 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 given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $81.11.

Vertiv Stock Performance

The firm’s fifty day simple moving average is $78.95 and its 200 day simple moving average is $58.90. The company has a market capitalization of $35.53 billion, a PE ratio of 89.40, a price-to-earnings-growth ratio of 1.39 and a beta of 1.55. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 1.35.

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

Vertiv Dividend Announcement

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

Insider Transactions at Vertiv

In other Vertiv news, Director Doherty Philip O’ sold 2,511,295 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now directly owns 9,324,181 shares of the company’s stock, valued at $873,116,308.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Doherty Philip O’ sold 2,511,295 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $93.64, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Scott Cripps sold 56,594 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $70.76, for a total transaction of $4,004,591.44. The disclosure for this sale can be found here. Insiders have sold a total of 3,362,790 shares of company stock valued at $306,451,347 in the last ninety days. 5.62% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vertiv

Several institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC acquired a new position in Vertiv in the 3rd quarter valued at $2,241,000. Cambridge Investment Research Advisors Inc. raised its holdings in Vertiv by 5.6% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 48,099 shares of the company’s stock valued at $1,789,000 after acquiring an additional 2,548 shares during the last quarter. Xponance Inc. lifted its stake in Vertiv by 4.1% in the 3rd quarter. Xponance Inc. now owns 14,558 shares of the company’s stock worth $542,000 after purchasing an additional 577 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of Vertiv by 255.0% during the 3rd quarter. Raymond James & Associates now owns 67,375 shares of the company’s stock worth $2,506,000 after purchasing an additional 48,396 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of Vertiv by 71.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 24,165 shares of the company’s stock valued at $899,000 after purchasing an additional 10,031 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.