Vertiv (NYSE:VRT) Stock Price Up 0.4% Following Analyst Upgrade

Shares of Vertiv Holdings Co (NYSE:VRT) traded up 0.4% during trading on Monday after Oppenheimer raised their price target on the stock from $100.00 to $115.00. Oppenheimer currently has an outperform rating on the stock. Vertiv traded as high as $113.43 and last traded at $112.24. 1,905,841 shares changed hands during trading, a decline of 77% from the average session volume of 8,352,178 shares. The stock had previously closed at $111.84.

A number of other research firms also recently commented on VRT. Mizuho raised Vertiv from a “neutral” rating to an “outperform” rating and dropped their price target for the company from $95.00 to $92.00 in a research note on Wednesday, August 7th. TD Cowen boosted their price target on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Jefferies Financial Group initiated coverage on Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 price target for the company. The Goldman Sachs Group dropped their price target on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Finally, Evercore ISI boosted their price target on Vertiv from $105.00 to $125.00 and gave the company an “outperform” rating in a research note on Monday, October 7th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, Vertiv presently has an average rating of “Buy” and a consensus price target of $108.78.

Insider Transactions at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 10,542 shares in the company, valued at $843,254.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 5.01% of the stock is owned by insiders.

Institutional Investors Weigh In On Vertiv

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Anchor Investment Management LLC purchased a new stake in shares of Vertiv in the second quarter worth $26,000. Atticus Wealth Management LLC purchased a new stake in shares of Vertiv in the first quarter worth $27,000. Mather Group LLC. grew its stake in shares of Vertiv by 132.5% in the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after acquiring an additional 200 shares during the last quarter. Hazlett Burt & Watson Inc. purchased a new stake in shares of Vertiv in the first quarter worth $34,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Vertiv in the second quarter worth $34,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Stock Performance

The stock has a market capitalization of $42.08 billion, a PE ratio of 108.10, a PEG ratio of 1.42 and a beta of 1.59. The business has a 50 day moving average price of $86.97 and a 200 day moving average price of $88.46. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The company’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 earnings per share. As a group, equities research analysts expect that Vertiv Holdings Co will post 2.58 earnings per share for the current year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.09%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s payout ratio is 9.62%.

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.