Vertiv (NYSE:VRT) Shares Up 0.5%

Vertiv Holdings Co (NYSE:VRT)’s stock price rose 0.5% during mid-day trading on Tuesday . The stock traded as high as $90.12 and last traded at $89.63. Approximately 1,159,660 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 8,378,403 shares. The stock had previously closed at $89.14.

Analyst Upgrades and Downgrades

VRT has been the subject of several recent analyst reports. The Goldman Sachs Group raised their price objective on shares of Vertiv from $103.00 to $116.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Citigroup lifted their price target on shares of Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Mizuho raised their price objective on Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Oppenheimer boosted their target price on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Finally, Evercore ISI raised their price target on Vertiv from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, June 14th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $92.11.

Vertiv Stock Performance

The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 2.09. The stock has a fifty day moving average price of $93.60 and a two-hundred day moving average price of $73.78. The company has a market capitalization of $32.58 billion, a price-to-earnings ratio of 83.67, a PEG ratio of 1.34 and a beta of 1.56.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the company posted $0.24 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, analysts forecast that Vertiv Holdings Co will post 2.42 EPS for the current fiscal year.

Vertiv Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Doherty Philip O’ sold 9,529 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $109.30, for a total transaction of $1,041,519.70. Following the sale, the director now owns 6,882,859 shares in the company, valued at $752,296,488.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Doherty Philip O’ sold 9,529 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $109.30, for a total transaction of $1,041,519.70. Following the completion of the transaction, the director now owns 6,882,859 shares of the company’s stock, valued at approximately $752,296,488.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Anders Karlborg sold 46,206 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $93.75, for a total transaction of $4,331,812.50. Following the transaction, the executive vice president now owns 23,003 shares in the company, valued at $2,156,531.25. The disclosure for this sale can be found here. In the last three months, insiders sold 4,162,739 shares of company stock valued at $400,713,362. Company insiders own 5.01% of the company’s stock.

Institutional Trading of Vertiv

Several institutional investors have recently made changes to their positions in VRT. Bogart Wealth LLC acquired a new position in Vertiv in the first quarter valued at $25,000. Atticus Wealth Management LLC purchased a new position in shares of Vertiv in the 1st quarter worth about $27,000. Hazlett Burt & Watson Inc. acquired a new position in shares of Vertiv in the 1st quarter valued at about $34,000. RiverPark Advisors LLC purchased a new stake in shares of Vertiv during the 1st quarter worth about $35,000. Finally, ORG Partners LLC purchased a new position in Vertiv in the first quarter valued at approximately $37,000. 89.92% of the stock is 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.