Vertiv (NYSE:VRT) Trading 0.7% Higher

Vertiv Holdings Co (NYSE:VRT) rose 0.7% on Friday . The stock traded as high as $89.33 and last traded at $87.47. Approximately 2,200,230 shares changed hands during trading, a decline of 74% from the average daily volume of 8,362,874 shares. The stock had previously closed at $86.88.

Analyst Ratings Changes

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

Vertiv Stock Performance

The company has a market cap of $32.41 billion, a PE ratio of 83.24, a PEG ratio of 1.26 and a beta of 1.56. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 2.09. The business’s 50 day moving average is $94.05 and its two-hundred day moving average is $74.23.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 earnings per share. On average, equities research analysts anticipate that Vertiv Holdings Co will post 2.43 EPS for the current year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend was Monday, June 17th. Vertiv’s dividend payout ratio (DPR) is presently 9.62%.

Insider Buying and Selling

In other Vertiv news, Director Doherty Philip O’ sold 2,511,295 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $93.64, for a total value of $235,157,663.80. Following the sale, the director now owns 9,324,181 shares in the company, valued at approximately $873,116,308.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Vertiv news, Director Doherty Philip O’ sold 2,511,295 shares of Vertiv stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $93.64, for a total value of $235,157,663.80. Following the sale, the director now owns 9,324,181 shares of the company’s stock, valued at approximately $873,116,308.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Anders Karlborg sold 46,206 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $93.75, for a total transaction of $4,331,812.50. Following the completion of the transaction, the executive vice president now directly owns 23,003 shares of the company’s stock, valued at $2,156,531.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,162,739 shares of company stock worth $400,713,362. 5.01% of the stock is owned by insiders.

Institutional Trading of Vertiv

Several hedge funds have recently made changes to their positions in VRT. PNC Financial Services Group Inc. raised its position in Vertiv by 20.4% during the third quarter. PNC Financial Services Group Inc. now owns 3,335 shares of the company’s stock valued at $124,000 after purchasing an additional 564 shares during the period. Kestra Advisory Services LLC bought a new stake in Vertiv in the third quarter worth $214,000. Northern Trust Corp boosted its stake in Vertiv by 11.8% during the third quarter. Northern Trust Corp now owns 1,572,856 shares of the company’s stock worth $58,510,000 after buying an additional 165,869 shares during the period. Treasurer of the State of North Carolina increased its position in Vertiv by 9.8% during the third quarter. Treasurer of the State of North Carolina now owns 155,039 shares of the company’s stock valued at $5,767,000 after acquiring an additional 13,790 shares during the last quarter. Finally, Teza Capital Management LLC raised its stake in shares of Vertiv by 33.3% in the third quarter. Teza Capital Management LLC now owns 26,041 shares of the company’s stock valued at $969,000 after acquiring an additional 6,508 shares during the period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

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.