Vertiv (NYSE:VRT) Shares Up 2.7% After Analyst Upgrade

Vertiv Holdings Co (NYSE:VRT) traded up 2.7% on Thursday after Mizuho raised their price target on the stock from $92.00 to $110.00. Mizuho currently has an outperform rating on the stock. Vertiv traded as high as $116.19 and last traded at $114.76. 3,331,641 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 8,339,720 shares. The stock had previously closed at $111.69.

Several other research firms have also recently issued reports on VRT. The Goldman Sachs Group decreased 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. Evercore ISI raised their target price on Vertiv from $105.00 to $125.00 and gave the company an “outperform” rating in a research note on Monday, October 7th. Bank of America raised their target price on Vertiv from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday. TD Cowen raised their target price on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, Oppenheimer upped their target price on Vertiv from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $112.44.

Insider Activity

In other news, insider Karsten Winther sold 44,924 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the transaction, the insider now owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 5.01% of the stock is currently owned by insiders.

Institutional Trading of Vertiv

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VRT. ORG Partners LLC grew its holdings in shares of Vertiv by 25.1% during the 3rd quarter. ORG Partners LLC now owns 458 shares of the company’s stock worth $46,000 after purchasing an additional 92 shares in the last quarter. NBC Securities Inc. grew its holdings in shares of Vertiv by 0.9% during the 3rd quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock worth $1,305,000 after purchasing an additional 112 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Vertiv by 22.3% during the 1st quarter. GAMMA Investing LLC now owns 653 shares of the company’s stock worth $53,000 after purchasing an additional 119 shares in the last quarter. Callan Family Office LLC grew its holdings in shares of Vertiv by 0.9% during the 3rd quarter. Callan Family Office LLC now owns 14,989 shares of the company’s stock worth $1,491,000 after purchasing an additional 137 shares in the last quarter. Finally, Optimum Investment Advisors grew its holdings in shares of Vertiv by 11.1% during the 3rd quarter. Optimum Investment Advisors now owns 1,500 shares of the company’s stock worth $149,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Price Performance

The company has a market cap of $42.02 billion, a price-to-earnings ratio of 107.94, a price-to-earnings-growth ratio of 1.42 and a beta of 1.59. The company has a fifty day moving average price of $90.31 and a two-hundred day moving average price of $89.20. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.57 by $0.10. The business had revenue of $1.95 billion during 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%. Vertiv’s revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the company earned $0.46 EPS. As a group, equities research analysts anticipate that Vertiv Holdings Co will post 2.58 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were given a $0.025 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 annualized dividend and a yield of 0.09%. 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.