Vertiv (NYSE:VRT) Stock Price Up 4.4%

Vertiv Holdings Co (NYSE:VRT) shares were up 4.4% during mid-day trading on Wednesday . The stock traded as high as $92.36 and last traded at $91.87. Approximately 2,785,664 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 8,485,102 shares. The stock had previously closed at $88.00.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VRT. Oppenheimer upped their target price on shares of Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Bank of America upped their price objective on Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Evercore ISI lifted their target price on Vertiv from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, June 14th. Mizuho lifted their price target on shares of Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Finally, Citigroup raised their price target on Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $92.11.

Vertiv Trading Up 6.2 %

The stock has a 50-day moving average price of $94.68 and a two-hundred day moving average price of $75.41. The stock has a market capitalization of $34.97 billion, a PE ratio of 89.83, a PEG ratio of 1.36 and a beta of 1.58. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.98 and a current ratio of 1.34.

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 firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $0.24 EPS. As a group, equities analysts forecast that Vertiv Holdings Co will post 2.43 earnings per share for the current year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Monday, June 17th were issued a $0.025 dividend. The ex-dividend date 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 is presently 9.62%.

Insider Activity at Vertiv

In other Vertiv news, Director Doherty Philip O’ sold 9,529 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $109.30, for a total value of $1,041,519.70. Following the sale, the director now owns 6,882,859 shares in the company, valued at approximately $752,296,488.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Doherty Philip O’ sold 9,529 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $109.30, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Roger Fradin sold 16,667 shares of Vertiv stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $103.86, for a total transaction of $1,731,034.62. Following the completion of the transaction, the director now directly owns 218,333 shares of the company’s stock, valued at $22,676,065.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,162,739 shares of company stock valued at $400,713,362. Corporate insiders own 5.01% of the company’s stock.

Institutional Investors Weigh In On Vertiv

Several institutional investors have recently modified their holdings of VRT. First Hawaiian Bank bought a new stake in Vertiv in the second quarter worth $1,716,000. GAMMA Investing LLC grew its stake in shares of Vertiv by 44.3% during the second quarter. GAMMA Investing LLC now owns 942 shares of the company’s stock valued at $82,000 after buying an additional 289 shares during the last quarter. Neville Rodie & Shaw Inc. purchased a new stake in shares of Vertiv in the second quarter worth approximately $874,000. American Trust purchased a new stake in Vertiv in the first quarter worth $631,000. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Vertiv by 77.8% during the first quarter. DekaBank Deutsche Girozentrale now owns 600,938 shares of the company’s stock worth $48,036,000 after purchasing an additional 262,911 shares during the last quarter. 89.92% of the stock is 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.