Vertiv (NYSE:VRT) Trading 4.4% Higher

Vertiv Holdings Co (NYSE:VRT)’s share price shot up 4.4% during trading on Wednesday . The company traded as high as $92.36 and last traded at $91.87. 2,785,664 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 8,485,102 shares. The stock had previously closed at $88.00.

Wall Street Analyst Weigh In

VRT has been the subject of a number of research reports. Oppenheimer upped their target price on shares of Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Citigroup boosted their target price on Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. increased their price target on Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Bank of America boosted their price objective on shares of Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Finally, The Goldman Sachs Group raised their target price on shares of Vertiv from $103.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $92.11.

Vertiv Stock Up 5.5 %

The firm’s 50-day simple moving average is $94.44 and its two-hundred day simple moving average is $75.16. The company has a market capitalization of $34.74 billion, a price-to-earnings ratio of 89.06, a price-to-earnings-growth ratio of 1.26 and a beta of 1.58. 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 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 firm had revenue of $1.64 billion during 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%. Vertiv’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 earnings per share. Sell-side analysts predict that Vertiv Holdings Co will post 2.43 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Monday, June 17th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.11%. Vertiv’s dividend payout ratio is currently 9.62%.

Insider Activity

In related news, insider Yibin Edward Cui sold 668 shares of the business’s stock in a transaction dated Saturday, May 4th. The shares were 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 owns 19,452 shares of the company’s stock, valued at approximately $1,836,074.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Anders Karlborg sold 46,206 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $93.75, for a total transaction of $4,331,812.50. Following the completion of the transaction, the executive vice president now owns 23,003 shares of the company’s stock, valued at $2,156,531.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Yibin Edward Cui sold 668 shares of the stock in a transaction on 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 disclosure for this sale can be found here. Insiders have sold 4,162,739 shares of company stock worth $400,713,362 over the last three months. 5.01% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vertiv

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new stake in shares of Vertiv in the first quarter worth $25,000. GAMMA Investing LLC purchased a new stake in shares of Vertiv during the fourth quarter worth about $26,000. Raleigh Capital Management Inc. lifted its stake in shares of Vertiv by 79.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock worth $27,000 after acquiring an additional 252 shares in the last quarter. Atticus Wealth Management LLC purchased a new position in Vertiv in the first quarter valued at about $27,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in Vertiv during the 1st quarter valued at approximately $34,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.