Vertiv (NYSE:VRT) Trading Down 0.9%

Vertiv Holdings Co (NYSE:VRTGet Free Report) shares fell 0.9% on Thursday . The company traded as low as $92.81 and last traded at $94.44. 2,807,971 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 8,340,285 shares. The stock had previously closed at $95.34.

Wall Street Analyst Weigh In

VRT has been the subject of several research reports. Bank of America upped their price target on shares of Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. The Goldman Sachs Group increased their price objective on Vertiv from $103.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. JPMorgan Chase & Co. upped their price target on Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Citigroup boosted their price objective on shares of Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Finally, Evercore ISI raised their target price on shares of Vertiv from $95.00 to $105.00 and gave the stock an “outperform” rating in a research note on Friday, June 14th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.11.

View Our Latest Stock Report on Vertiv

Vertiv Trading Down 4.4 %

The business’s fifty day moving average is $93.03 and its 200-day moving average is $72.32. The stock has a market capitalization of $34.12 billion, a PE ratio of 90.81, a P/E/G ratio of 1.39 and a beta of 1.56. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 2.09.

Vertiv (NYSE:VRTGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the business posted $0.24 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, analysts anticipate that Vertiv Holdings Co will post 2.42 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Monday, June 17th will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.11%. The ex-dividend date of this dividend is Monday, June 17th. Vertiv’s dividend payout ratio (DPR) is 9.62%.

Insider Activity at Vertiv

In other news, insider Yibin Edward Cui sold 668 shares of Vertiv stock in a transaction dated Saturday, May 4th. The stock was sold at an average price of $94.39, for a total transaction of $63,052.52. Following the sale, the insider now directly owns 19,452 shares of the company’s stock, valued at $1,836,074.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Anders Karlborg sold 46,206 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $93.75, for a total value 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 accessible through the SEC website. Also, insider Yibin Edward Cui sold 668 shares of Vertiv stock in a transaction dated Saturday, May 4th. The stock was sold at an average price of $94.39, for a total value of $63,052.52. Following the completion of the transaction, the insider now owns 19,452 shares of the company’s stock, valued at $1,836,074.28. The disclosure for this sale can be found here. In the last three months, insiders sold 4,162,739 shares of company stock valued at $400,713,362. Corporate insiders own 5.01% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Nordea Investment Management AB acquired a new stake in shares of Vertiv in the 4th quarter worth about $1,040,000. Xponance Inc. raised 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 buying an additional 426 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Vertiv by 58.8% during the fourth quarter. California State Teachers Retirement System now owns 547,833 shares of the company’s stock valued at $26,312,000 after buying an additional 202,766 shares during the last quarter. WT Asset Management Ltd acquired a new position in shares of Vertiv during the fourth quarter worth approximately $24,486,000. Finally, Quadrant Capital Group LLC grew its holdings in Vertiv by 24.7% in the 4th quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock worth $41,000 after buying an additional 170 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

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.

Featured Stories

Receive News & Ratings for Vertiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vertiv and related companies with MarketBeat.com's FREE daily email newsletter.