Vertiv (NYSE:VRT) Stock Price Down 0.2%

Vertiv Holdings Co (NYSE:VRT)’s stock price was down 0.2% during mid-day trading on Tuesday . The company traded as low as $95.50 and last traded at $97.05. Approximately 1,585,524 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 8,118,981 shares. The stock had previously closed at $97.26.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VRT. Bank of America increased their price target on Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, March 18th. JPMorgan Chase & Co. boosted their price target on shares of Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Citigroup raised their price objective 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. Evercore ISI lifted their price target on Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Finally, Oppenheimer upped their price target on shares of Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.11.

Vertiv Price Performance

The company’s 50-day moving average is $80.18 and its 200-day moving average is $59.96. The firm has a market capitalization of $35.53 billion, a price-to-earnings ratio of 93.32, a PEG ratio of 1.41 and a beta of 1.55. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 0.98.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. Vertiv’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $0.24 EPS. On average, research analysts expect that Vertiv Holdings Co will post 2.42 earnings per share for the current year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.025 per share. The ex-dividend date was Monday, March 18th. This represents a $0.10 annualized dividend and a yield of 0.11%. Vertiv’s dividend payout ratio is currently 9.62%.

Insider Buying and Selling

In other news, Director Doherty Philip O’ sold 488,705 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $93.68, for a total transaction of $45,781,884.40. Following the transaction, the director now directly owns 11,835,476 shares of the company’s stock, valued at $1,108,747,391.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Vertiv news, Director Doherty Philip O’ sold 488,705 shares of Vertiv stock in a transaction on Friday, April 26th. The shares were sold at an average price of $93.68, for a total value of $45,781,884.40. Following the completion of the transaction, the director now owns 11,835,476 shares of the company’s stock, valued at $1,108,747,391.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Stephen Liang sold 306,196 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the sale, the executive vice president now directly owns 51,841 shares in the company, valued at $3,641,311.84. The disclosure for this sale can be found here. In the last three months, insiders sold 3,362,790 shares of company stock valued at $306,451,347. Company insiders own 5.62% of the company’s stock.

Hedge Funds Weigh In On Vertiv

Several institutional investors have recently made changes to their positions in VRT. GAMMA Investing LLC grew its position in Vertiv by 22.3% in the 1st quarter. GAMMA Investing LLC now owns 653 shares of the company’s stock valued at $53,000 after buying an additional 119 shares in the last quarter. Lindbrook Capital LLC increased its stake in shares of Vertiv by 33.2% during the first quarter. Lindbrook Capital LLC now owns 550 shares of the company’s stock valued at $45,000 after acquiring an additional 137 shares during the period. Quadrant Capital Group LLC raised its holdings in Vertiv by 24.7% during the fourth quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock worth $41,000 after purchasing an additional 170 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its position in Vertiv by 66.7% in the first quarter. Farmers & Merchants Investments Inc. now owns 500 shares of the company’s stock worth $41,000 after purchasing an additional 200 shares during the period. Finally, Simon Quick Advisors LLC increased its position in shares of Vertiv by 1.0% during the 4th quarter. Simon Quick Advisors LLC now owns 20,065 shares of the company’s stock valued at $964,000 after purchasing an additional 205 shares during the period. 89.92% of the stock is owned by 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.