Vertiv (NYSE:VRT) Stock Price Up 1.5% – What’s Next?

Vertiv Holdings Co (NYSE:VRT) shot up 1.5% on Friday . The stock traded as high as $130.98 and last traded at $128.86. 1,416,037 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 8,179,224 shares. The stock had previously closed at $126.94.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on VRT shares. Mizuho upped their price objective on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Oppenheimer lifted their target price on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Jefferies Financial Group assumed coverage on shares of Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 price target on the stock. UBS Group initiated coverage on shares of Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price for the company. Finally, Bank of America upped their price objective on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vertiv has an average rating of “Buy” and a consensus target price of $138.50.

Vertiv Stock Up 0.8 %

The stock has a 50-day simple moving average of $114.21 and a 200-day simple moving average of $96.11. The firm has a market capitalization of $48.01 billion, a PE ratio of 85.91, a P/E/G ratio of 1.31 and a beta of 1.58. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS. Analysts forecast that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.12%. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 3rd. Vertiv’s payout ratio is presently 6.67%.

Insider Buying and Selling at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the transaction, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the transaction, the insider now directly owns 19,448 shares in the company, valued at $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 216,451 shares of company stock worth $26,699,153 over the last ninety days. Corporate insiders own 5.01% of the company’s stock.

Institutional Trading of Vertiv

A number of hedge funds have recently made changes to their positions in the stock. State Street Corp grew its holdings in shares of Vertiv by 4.2% during the third quarter. State Street Corp now owns 7,635,081 shares of the company’s stock worth $759,614,000 after buying an additional 308,704 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Vertiv by 7.4% in the third quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company’s stock worth $592,433,000 after buying an additional 408,054 shares during the period. Jennison Associates LLC lifted its stake in Vertiv by 10,825.0% during the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock valued at $457,695,000 after acquiring an additional 4,558,306 shares during the period. Wellington Management Group LLP boosted its position in shares of Vertiv by 271.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after acquiring an additional 2,860,181 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Vertiv in the second quarter worth about $331,091,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

About Vertiv

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.