Vertiv (NYSE:VRT) Stock Price Up 0.7%

Shares of Vertiv Holdings Co (NYSE:VRT) traded up 0.7% on Friday . The company traded as high as $89.22 and last traded at $87.35. 2,001,903 shares changed hands during trading, a decline of 77% from the average session volume of 8,547,182 shares. The stock had previously closed at $86.76.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Mizuho raised Vertiv from a “neutral” rating to an “outperform” rating and decreased their target price for the stock from $95.00 to $92.00 in a report on Wednesday, August 7th. The Goldman Sachs Group reduced their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. TD Cowen boosted their price objective on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, Evercore ISI reissued an “outperform” rating and set a $105.00 target price on shares of Vertiv in a research note on Thursday, August 15th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vertiv has an average rating of “Buy” and an average price target of $96.22.

Vertiv Price Performance

The stock has a 50-day simple moving average of $79.87 and a 200 day simple moving average of $84.38. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.00 and a current ratio of 1.36. The company has a market cap of $32.32 billion, a P/E ratio of 82.70, a P/E/G ratio of 1.08 and a beta of 1.58.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. Vertiv’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period last year, the company posted $0.46 EPS. On average, equities analysts expect that Vertiv Holdings Co will post 2.58 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.12%. The ex-dividend date is Tuesday, September 17th. Vertiv’s payout ratio is 9.62%.

Insiders Place Their Bets

In other news, insider Karsten Winther sold 44,924 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the completion of the sale, the insider now owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.01% of the company’s stock.

Institutional Investors Weigh In On Vertiv

Several large investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Vertiv during the 4th quarter valued at approximately $185,339,000. Massachusetts Financial Services Co. MA purchased a new stake in Vertiv during the 2nd quarter valued at $331,091,000. Price T Rowe Associates Inc. MD raised its stake in Vertiv by 303.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock valued at $390,143,000 after buying an additional 3,591,903 shares during the last quarter. Coatue Management LLC increased its stake in shares of Vertiv by 19.5% in the 4th quarter. Coatue Management LLC now owns 13,811,848 shares of the company’s stock worth $663,383,000 after purchasing an additional 2,249,353 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Vertiv by 5.5% in the 1st 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 in the last quarter. Institutional investors own 89.92% of the company’s stock.

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.