Vertiv (NYSE:VRT) Trading Up 1.8%

Shares of Vertiv Holdings Co (NYSE:VRT) rose 1.8% on Friday . The stock traded as high as $94.00 and last traded at $93.76. Approximately 1,672,525 shares changed hands during trading, a decline of 80% from the average daily volume of 8,506,966 shares. The stock had previously closed at $92.06.

Analyst Ratings Changes

Several research firms have recently commented on VRT. Mizuho upgraded Vertiv from a “neutral” rating to an “outperform” rating and cut their price target for the stock from $95.00 to $92.00 in a research note on Wednesday, August 7th. The Goldman Sachs Group lowered their price objective on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Evercore ISI restated an “outperform” rating and issued a $105.00 target price on shares of Vertiv in a research note on Thursday, August 15th. Finally, TD Cowen increased their target price on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $102.13.

Vertiv Stock Up 2.0 %

The company has a market capitalization of $35.15 billion, a PE ratio of 90.15, a P/E/G ratio of 1.08 and a beta of 1.58. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00. The company has a 50-day moving average of $79.39 and a two-hundred day moving average of $85.09.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.10. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the business earned $0.46 earnings per share. Vertiv’s quarterly revenue was up 12.6% compared to the same quarter last year. Sell-side analysts anticipate that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th will be given a $0.025 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.11%. Vertiv’s payout ratio is 9.62%.

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the sale, the insider now directly owns 10,542 shares of the company’s stock, valued at $843,254.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.01% of the company’s stock.

Institutional Investors Weigh In On Vertiv

Large investors have recently added to or reduced their stakes in the stock. Bogart Wealth LLC bought a new stake in Vertiv during the first quarter worth approximately $25,000. Atticus Wealth Management LLC bought a new position in shares of Vertiv during the first quarter valued at approximately $27,000. Mather Group LLC. grew its stake in shares of Vertiv by 132.5% during the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after buying an additional 200 shares during the last quarter. OFI Invest Asset Management bought a new position in shares of Vertiv during the second quarter valued at approximately $34,000. Finally, Hazlett Burt & Watson Inc. bought a new position in shares of Vertiv during the first quarter valued at approximately $34,000. 89.92% of the stock is owned by 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.