Vertiv (NYSE:VRT) Trading 3.9% Higher

Shares of Vertiv Holdings Co (NYSE:VRT) rose 3.9% during mid-day trading on Tuesday . The company traded as high as $79.58 and last traded at $79.04. Approximately 2,458,273 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 7,565,272 shares. The stock had previously closed at $76.07.

Analyst Upgrades and Downgrades

VRT has been the subject of a number of research analyst reports. Citigroup increased their target price on shares of Vertiv from $69.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. JPMorgan Chase & Co. increased their target price on shares of Vertiv from $65.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Bank of America raised their price target on shares of Vertiv from $80.00 to $90.00 and gave the company a “buy” rating in a report on Monday, March 18th. Mizuho raised their price target on shares of Vertiv from $50.00 to $56.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. Finally, Evercore ISI raised their price target on shares of Vertiv from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, April 5th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $74.56.

Vertiv Stock Up 6.8 %

The business’s 50 day moving average is $75.35 and its 200-day moving average is $56.87. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.35 and a current ratio of 1.74. The firm has a market capitalization of $32.29 billion, a price-to-earnings ratio of 71.64, a price-to-earnings-growth ratio of 1.26 and a beta of 1.59.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, February 21st. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. Vertiv had a net margin of 6.71% and a return on equity of 39.46%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the business posted $0.28 EPS. Vertiv’s revenue was up 12.7% compared to the same quarter last year. Equities analysts anticipate that Vertiv Holdings Co will post 2.36 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were paid a $0.025 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a yield of 0.12%. Vertiv’s payout ratio is presently 8.47%.

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 306,196 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $70.24, for a total value of $21,507,207.04. Following the sale, the executive vice president now directly owns 51,841 shares in the company, valued at approximately $3,641,311.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction dated Friday, March 1st. The shares were 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 owns 51,841 shares in the company, valued at $3,641,311.84. The disclosure for this sale can be found here. Company insiders own 5.62% of the company’s stock.

Institutional Trading of Vertiv

Several institutional investors have recently made changes to their positions in the business. FMR LLC boosted its position in shares of Vertiv by 182.4% during the 3rd quarter. FMR LLC now owns 47,236,496 shares of the company’s stock valued at $1,757,198,000 after acquiring an additional 30,511,907 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Vertiv by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 31,855,473 shares of the company’s stock valued at $1,530,018,000 after acquiring an additional 226,716 shares in the last quarter. Coatue Management LLC boosted its position in shares of Vertiv by 19.5% during the 4th quarter. Coatue Management LLC now owns 13,811,848 shares of the company’s stock valued at $663,383,000 after acquiring an additional 2,249,353 shares in the last quarter. Invesco Ltd. boosted its position in shares of Vertiv by 10.2% during the 3rd quarter. Invesco Ltd. now owns 10,817,978 shares of the company’s stock valued at $402,429,000 after acquiring an additional 1,002,191 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Vertiv during the 4th quarter valued at about $185,339,000. 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.