Vertiv (NYSE:VRT) Stock Price Up 4.4% – What’s Next?

Vertiv Holdings Co. (NYSE:VRT) shares were up 4.4% on Tuesday . The company traded as high as $189.30 and last traded at $189.1210. Approximately 4,369,513 shares changed hands during trading, a decline of 14% from the average daily volume of 5,086,128 shares. The stock had previously closed at $181.23.

Analyst Ratings Changes

A number of research analysts have issued reports on VRT shares. Roth Mkm reiterated a “buy” rating and set a $195.00 price target (up previously from $162.00) on shares of Vertiv in a research report on Tuesday, October 21st. The Goldman Sachs Group upped their price objective on shares of Vertiv from $182.00 to $204.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. JPMorgan Chase & Co. lowered their target price on shares of Vertiv from $230.00 to $225.00 and set an “overweight” rating on the stock in a research note on Friday, January 16th. Barclays raised shares of Vertiv from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $181.00 to $200.00 in a research note on Friday, January 2nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Vertiv in a research note on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $187.89.

Vertiv Price Performance

The stock has a market capitalization of $72.31 billion, a price-to-earnings ratio of 71.37, a price-to-earnings-growth ratio of 1.12 and a beta of 2.06. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.83. The stock has a 50-day simple moving average of $171.03 and a 200 day simple moving average of $157.50.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, November 25th were issued a dividend of $0.0625 per share. The ex-dividend date was Tuesday, November 25th. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. This is an increase from Vertiv’s previous quarterly dividend of $0.04. Vertiv’s dividend payout ratio is presently 9.43%.

Insider Transactions at Vertiv

In other Vertiv news, EVP Stephen Liang sold 5,501 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $170.48, for a total value of $937,810.48. Following the transaction, the executive vice president directly owned 4,050 shares of the company’s stock, valued at $690,444. This represents a 57.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.01% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VRT. Abundance Wealth Counselors grew its holdings in shares of Vertiv by 313.7% during the third quarter. Abundance Wealth Counselors now owns 10,165 shares of the company’s stock worth $1,533,000 after purchasing an additional 7,708 shares during the last quarter. Union Bancaire Privee UBP SA boosted its stake in shares of Vertiv by 35.5% in the 3rd quarter. Union Bancaire Privee UBP SA now owns 272,608 shares of the company’s stock valued at $41,126,000 after purchasing an additional 71,361 shares during the last quarter. KLP Kapitalforvaltning AS raised its stake in shares of Vertiv by 5.5% during the third quarter. KLP Kapitalforvaltning AS now owns 143,100 shares of the company’s stock worth $21,588,000 after buying an additional 7,400 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Vertiv by 100.1% in the second quarter. Nordea Investment Management AB now owns 3,246,769 shares of the company’s stock valued at $415,132,000 after buying an additional 1,624,456 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Vertiv by 134.9% in the second quarter. Nomura Asset Management Co. Ltd. now owns 291,036 shares of the company’s stock valued at $37,372,000 after acquiring an additional 167,152 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Company Profile

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.