Vertiv (NYSE:VRT) Stock Price Up 0.2%

Vertiv Holdings Co (NYSE:VRTGet Free Report) shot up 0.2% during mid-day trading on Thursday . The company traded as high as $104.47 and last traded at $103.41. 1,301,822 shares were traded during mid-day trading, a decline of 84% from the average session volume of 7,980,388 shares. The stock had previously closed at $103.21.

Analyst Ratings Changes

A number of research firms recently commented on VRT. Oppenheimer lifted their target price on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Bank of America upped their price objective on shares of Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Citigroup raised their target price on shares of Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Evercore ISI upped their price target on shares of Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Finally, The Goldman Sachs Group increased their price target on Vertiv from $103.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.00.

View Our Latest Research Report on Vertiv

Vertiv Trading Up 0.5 %

The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of $38.82 billion, a price-to-earnings ratio of 99.43, a PEG ratio of 1.53 and a beta of 1.55. The company’s 50-day moving average is $89.78 and its 200-day moving average is $67.07.

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

Vertiv Dividend Announcement

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

Insiders Place Their Bets

In other Vertiv news, EVP Anders Karlborg sold 46,206 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $93.75, for a total transaction of $4,331,812.50. Following the sale, the executive vice president now owns 23,003 shares in the company, valued at approximately $2,156,531.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Anders Karlborg sold 46,206 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $93.75, for a total value of $4,331,812.50. Following the transaction, the executive vice president now owns 23,003 shares of the company’s stock, valued at $2,156,531.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Doherty Philip O’ sold 1,089,669 shares of Vertiv stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $103.34, for a total value of $112,606,394.46. Following the sale, the director now directly owns 8,234,512 shares of the company’s stock, valued at $850,954,470.08. The disclosure for this sale can be found here. Insiders have sold 4,516,000 shares of company stock worth $425,183,641 over the last three months. Company insiders own 5.01% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in VRT. Bogart Wealth LLC acquired a new position in Vertiv in the first quarter valued at $25,000. GAMMA Investing LLC acquired a new position in Vertiv in the 4th quarter valued at about $26,000. Raleigh Capital Management Inc. raised its stake in Vertiv by 79.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock valued at $27,000 after acquiring an additional 252 shares during the last quarter. Atticus Wealth Management LLC acquired a new stake in Vertiv during the 1st quarter worth approximately $27,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in shares of Vertiv in the 1st quarter valued at approximately $34,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Company Profile

(Get Free Report)

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.

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