Vertiv (NYSE:VRT) Shares Up 1.6% – Here’s Why

Vertiv Holdings Co (NYSE:VRT) traded up 1.6% on Monday . The company traded as high as $131.99 and last traded at $129.61. 1,290,898 shares traded hands during trading, a decline of 84% from the average session volume of 8,156,052 shares. The stock had previously closed at $127.60.

Analyst Ratings Changes

Several equities analysts have recently issued reports on VRT shares. JPMorgan Chase & Co. lifted their target price on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Evercore ISI upped their price target on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Oppenheimer boosted their price objective on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. The Goldman Sachs Group upped their target price on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Mizuho lifted their price target on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $138.50.

Vertiv Price Performance

The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The firm’s fifty day moving average price is $114.87 and its 200 day moving average price is $96.26. The stock has a market cap of $48.69 billion, a PE ratio of 86.41, a P/E/G ratio of 1.31 and a beta of 1.58.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the business posted $0.52 earnings per share. The firm’s revenue was up 19.0% on a year-over-year basis. As a group, equities analysts expect that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.0375 per share. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. Vertiv’s dividend payout ratio is presently 6.67%.

Insider Transactions at Vertiv

In related news, insider Anand Sanghi sold 30,914 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the transaction, the insider now directly owns 19,448 shares of the company’s stock, valued at $2,751,114.08. This trade represents a 61.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jakki L. Haussler sold 15,347 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the sale, the director now directly owns 3,425 shares in the company, valued at approximately $470,526.50. This represents a 81.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 216,451 shares of company stock valued at $26,699,153. Company insiders own 5.01% of the company’s stock.

Hedge Funds Weigh In On Vertiv

Institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers lifted its stake in shares of Vertiv by 513.6% in the 1st quarter. Cetera Investment Advisers now owns 57,311 shares of the company’s stock valued at $4,681,000 after purchasing an additional 47,971 shares during the period. Cetera Advisors LLC increased its stake in shares of Vertiv by 41.1% in the 1st quarter. Cetera Advisors LLC now owns 9,252 shares of the company’s stock valued at $756,000 after purchasing an additional 2,695 shares in the last quarter. GAMMA Investing LLC boosted its position in Vertiv by 44.3% during the second quarter. GAMMA Investing LLC now owns 942 shares of the company’s stock worth $82,000 after purchasing an additional 289 shares in the last quarter. Mather Group LLC. grew its holdings in Vertiv by 132.5% in the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares during the period. Finally, Kingswood Wealth Advisors LLC increased its position in shares of Vertiv by 77.6% in the second quarter. Kingswood Wealth Advisors LLC now owns 10,790 shares of the company’s stock valued at $934,000 after buying an additional 4,713 shares in the last quarter. Institutional investors and hedge funds 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.