Vertiv (NYSE:VRT) Trading 2.1% Higher – Here’s Why

Vertiv Holdings Co (NYSE:VRT)’s share price traded up 2.1% during mid-day trading on Thursday . The company traded as high as $134.81 and last traded at $134.81. 1,166,380 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 5,717,233 shares. The stock had previously closed at $132.00.

Wall Street Analyst Weigh In

VRT has been the subject of a number of research analyst reports. Jefferies Financial Group began coverage on shares of Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 price objective for the company. Barclays initiated coverage on Vertiv in a research note on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 price objective for the company. Fox Advisors started coverage on Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating on the stock. JPMorgan Chase & Co. lifted their target price on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. Finally, Evercore ISI increased their price target on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and a consensus price target of $140.92.

Vertiv Stock Up 0.9 %

The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The company has a market cap of $49.99 billion, a PE ratio of 88.66, a P/E/G ratio of 0.99 and a beta of 1.63. The business’s 50 day moving average is $125.42 and its 200-day moving average is $102.74.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping 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 net margin of 7.72% and a return on equity of 55.33%. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 EPS. As a group, analysts predict that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. The ex-dividend date was Tuesday, December 3rd. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio (DPR) is 6.67%.

Insider Activity at Vertiv

In other news, Director Jakki L. Haussler sold 15,347 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the sale, the director now directly owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. The trade was a 81.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephen Liang sold 86,619 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the sale, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 171,527 shares of company stock valued at $23,105,682 over the last three months. 5.01% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vertiv

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Anchor Investment Management LLC purchased a new position in shares of Vertiv during the second quarter worth about $26,000. Krane Funds Advisors LLC acquired a new stake in Vertiv during the 3rd quarter worth approximately $29,000. Global Trust Asset Management LLC purchased a new position in shares of Vertiv in the 3rd quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC grew its stake in shares of Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Vertiv in the third quarter valued at approximately $30,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

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.