Vertiv (NYSE:VRT) Stock Price Up 1.1%

Vertiv Holdings Co (NYSE:VRT) shares were up 1.1% during trading on Monday . The company traded as high as $96.43 and last traded at $95.60. 1,979,232 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 8,534,592 shares. The stock had previously closed at $94.54.

Wall Street Analysts Forecast Growth

VRT has been the topic of several analyst reports. Mizuho raised Vertiv from a “neutral” rating to an “outperform” rating and dropped their target price for the stock from $95.00 to $92.00 in a report on Wednesday, August 7th. TD Cowen raised their price objective on shares of Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Evercore ISI reiterated an “outperform” rating and issued a $105.00 target price on shares of Vertiv in a research note on Thursday, August 15th. Finally, The Goldman Sachs Group dropped their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $102.13.

Vertiv Stock Up 1.9 %

The stock has a market cap of $36.08 billion, a price-to-earnings ratio of 91.92, a PEG ratio of 1.08 and a beta of 1.58. The business’s 50 day moving average is $79.49 and its 200-day moving average is $85.45. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.00 and a current ratio of 1.36.

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

Vertiv Announces Dividend

The company also recently announced 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 is Tuesday, September 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.10%. Vertiv’s dividend payout ratio (DPR) is presently 9.62%.

Insider Transactions at Vertiv

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

Institutional Investors Weigh In On Vertiv

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Anchor Investment Management LLC acquired a new position in Vertiv in the 2nd quarter valued at about $26,000. KP Management LLC lifted its holdings in Vertiv by 9.1% in the second quarter. KP Management LLC now owns 60,000 shares of the company’s stock valued at $5,194,000 after acquiring an additional 5,000 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Vertiv in the second quarter worth approximately $1,632,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Vertiv during the second quarter worth $346,000. Finally, Sycomore Asset Management purchased a new stake in Vertiv in the second quarter valued at $10,225,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

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.