Vertiv (NYSE:VRT) Stock Price Down 2.1%

Vertiv Holdings Co (NYSE:VRTGet Free Report)’s stock price traded down 2.1% during trading on Monday . The company traded as low as $87.04 and last traded at $88.71. 1,720,184 shares were traded during trading, a decline of 79% from the average session volume of 8,382,962 shares. The stock had previously closed at $90.62.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VRT. Mizuho increased their target price on shares of Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. Citigroup upped their price target on shares of Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. boosted their price objective on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Evercore ISI raised their target price on Vertiv from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, June 14th. Finally, The Goldman Sachs Group boosted their price target on Vertiv from $103.00 to $116.00 and gave the company a “buy” rating in a report on Friday, May 17th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Vertiv presently has a consensus rating of “Moderate Buy” and an average price target of $92.11.

Check Out Our Latest Research Report on Vertiv

Vertiv Trading Down 2.2 %

The firm has a market capitalization of $33.17 billion, a PE ratio of 85.30, a P/E/G ratio of 1.32 and a beta of 1.56. The company’s fifty day simple moving average is $93.25 and its 200-day simple moving average is $73.16. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 0.98.

Vertiv (NYSE:VRTGet Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the previous year, the firm posted $0.24 EPS. Vertiv’s revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts expect that Vertiv Holdings Co will post 2.42 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date is Monday, June 17th. Vertiv’s payout ratio is 9.62%.

Insider Activity

In other Vertiv news, insider Yibin Edward Cui sold 668 shares of the stock in a transaction that occurred on Saturday, May 4th. The shares were sold at an average price of $94.39, for a total value of $63,052.52. Following the sale, the insider now directly owns 19,452 shares of the company’s stock, valued at approximately $1,836,074.28. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Doherty Philip O’ sold 488,705 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 11,835,476 shares of the company’s stock, valued at approximately $1,108,747,391.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Yibin Edward Cui sold 668 shares of the stock in a transaction on Saturday, May 4th. The shares were sold at an average price of $94.39, for a total value of $63,052.52. Following the sale, the insider now owns 19,452 shares in the company, valued at approximately $1,836,074.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,162,739 shares of company stock valued at $400,713,362. 5.01% of the stock is currently owned by company insiders.

Institutional Trading of Vertiv

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Vertiv by 5.5% in the first quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock worth $2,745,930,000 after purchasing an additional 1,766,784 shares during the period. Coatue Management LLC raised its position in Vertiv by 19.5% during the fourth quarter. Coatue Management LLC now owns 13,811,848 shares of the company’s stock valued at $663,383,000 after buying an additional 2,249,353 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Vertiv by 303.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock worth $390,143,000 after buying an additional 3,591,903 shares in the last quarter. Norges Bank purchased a new position in Vertiv in the fourth quarter valued at about $185,339,000. Finally, Westfield Capital Management Co. LP lifted its holdings in shares of Vertiv by 85.2% during the 1st quarter. Westfield Capital Management Co. LP now owns 3,399,272 shares of the company’s stock valued at $277,619,000 after buying an additional 1,563,466 shares during the last quarter. 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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