Vertiv (NYSE:VRT) Trading 3% Higher

Vertiv Holdings Co (NYSE:VRT)’s share price rose 3% during mid-day trading on Thursday . The stock traded as high as $105.64 and last traded at $103.11. Approximately 3,774,430 shares changed hands during trading, a decline of 52% from the average daily volume of 7,944,843 shares. The stock had previously closed at $100.13.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Vertiv from $103.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Bank of America lifted their price objective on shares of Vertiv from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Evercore ISI lifted their price objective on shares of Vertiv from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Oppenheimer lifted their price objective on shares of Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Finally, 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 report on Thursday, April 25th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.00.

Vertiv Trading Up 1.1 %

The stock has a fifty day moving average of $86.95 and a 200 day moving average of $64.83. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.98 and a current ratio of 1.34. The company has a market capitalization of $37.90 billion, a PE ratio of 97.35, a PEG ratio of 1.44 and a beta of 1.55.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 EPS. As a group, sell-side analysts predict that Vertiv Holdings Co will post 2.42 earnings per share for the current fiscal 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 given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.10%. The ex-dividend date of this dividend was Monday, March 18th. Vertiv’s dividend payout ratio (DPR) is presently 9.62%.

Insider Buying and Selling

In other Vertiv news, insider Yibin Edward Cui sold 668 shares of the stock in a transaction dated Saturday, May 4th. The stock was sold at an average price of $94.39, for a total value of $63,052.52. Following the completion of the sale, the insider now directly owns 19,452 shares in the company, valued at $1,836,074.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Yibin Edward Cui sold 668 shares of the firm’s stock in a transaction dated Saturday, May 4th. The stock was sold at an average price of $94.39, for a total value of $63,052.52. Following the completion of the transaction, the insider now directly owns 19,452 shares in the company, valued at $1,836,074.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Doherty Philip O’ sold 2,511,295 shares of Vertiv stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $93.64, for a total value of $235,157,663.80. Following the completion of the sale, the director now directly owns 9,324,181 shares in the company, valued at $873,116,308.84. The disclosure for this sale can be found here. Insiders sold 3,426,331 shares of company stock worth $312,577,246 in the last three months. 5.01% of the stock is owned by insiders.

Institutional Investors Weigh In On Vertiv

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VRT. FMR LLC raised its position in Vertiv by 182.4% in the third quarter. FMR LLC now owns 47,236,496 shares of the company’s stock valued at $1,757,198,000 after purchasing an additional 30,511,907 shares during the period. Norges Bank acquired a new stake in shares of Vertiv in the fourth quarter valued at $185,339,000. Price T Rowe Associates Inc. MD grew its stake in shares of Vertiv by 303.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock valued at $390,143,000 after buying an additional 3,591,903 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Vertiv by 12.1% in the third quarter. Vanguard Group Inc. now owns 31,628,757 shares of the company’s stock valued at $1,176,590,000 after buying an additional 3,417,710 shares in the last quarter. Finally, Coatue Management LLC grew its stake in shares of Vertiv by 19.5% in the fourth quarter. Coatue Management LLC now owns 13,811,848 shares of the company’s stock valued at $663,383,000 after buying an additional 2,249,353 shares in the last quarter. Hedge funds and other institutional investors 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.