Vertiv (NYSE:VRT) Stock Price Up 0.9%

Vertiv Holdings Co (NYSE:VRT) rose 0.9% on Tuesday . The company traded as high as $89.07 and last traded at $87.40. Approximately 2,274,589 shares were traded during trading, a decline of 73% from the average daily volume of 8,487,162 shares. The stock had previously closed at $86.66.

Analysts Set New Price Targets

VRT has been the topic of a number of research reports. Evercore ISI raised their price objective on Vertiv from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, June 14th. The Goldman Sachs Group raised their price objective on Vertiv from $103.00 to $116.00 and gave the company a “buy” rating in a report on Friday, May 17th. Bank of America raised their price objective on Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. JPMorgan Chase & Co. raised 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. Finally, Mizuho raised their price objective on Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and an average target price of $92.11.

Vertiv Stock Up 6.0 %

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 stock has a 50 day simple moving average of $94.62 and a 200 day simple moving average of $75.28. The firm has a market capitalization of $34.92 billion, a PE ratio of 89.70, a PEG ratio of 1.28 and a beta of 1.58.

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

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th were given a $0.025 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.11%. Vertiv’s dividend payout ratio is currently 9.62%.

Insider Transactions at Vertiv

In other news, insider Yibin Edward Cui sold 668 shares of Vertiv stock in a transaction that occurred on Saturday, May 4th. The stock was 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 in the company, valued at approximately $1,836,074.28. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider Yibin Edward Cui sold 668 shares of Vertiv stock in a transaction that occurred on Saturday, May 4th. The stock was 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 in the company, valued at approximately $1,836,074.28. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Doherty Philip O’ sold 2,511,295 shares of Vertiv stock in a transaction that occurred 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 $873,116,308.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,162,739 shares of company stock worth $400,713,362. 5.01% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vertiv

Several hedge funds have recently made changes to their positions in VRT. GAMMA Investing LLC raised its stake in shares of Vertiv by 22.3% in the first quarter. GAMMA Investing LLC now owns 653 shares of the company’s stock worth $53,000 after purchasing an additional 119 shares during the last quarter. Lindbrook Capital LLC raised its stake in shares of Vertiv by 33.2% in the first quarter. Lindbrook Capital LLC now owns 550 shares of the company’s stock worth $45,000 after purchasing an additional 137 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Vertiv by 24.7% in the fourth quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock worth $41,000 after purchasing an additional 170 shares during the last quarter. Farmers & Merchants Investments Inc. raised its stake in shares of Vertiv by 66.7% in the first quarter. Farmers & Merchants Investments Inc. now owns 500 shares of the company’s stock worth $41,000 after purchasing an additional 200 shares during the last quarter. Finally, Simon Quick Advisors LLC raised its stake in shares of Vertiv by 1.0% in the fourth quarter. Simon Quick Advisors LLC now owns 20,065 shares of the company’s stock worth $964,000 after purchasing an additional 205 shares during the last quarter. 89.92% of the stock is currently owned by 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.