Vertiv (NYSE:VRT) Shares Up 4.9%

Vertiv Holdings Co (NYSE:VRTGet Free Report)’s stock price shot up 4.9% on Wednesday . The company traded as high as $85.21 and last traded at $84.70. 3,456,812 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 7,324,280 shares. The stock had previously closed at $80.77.

Analyst Ratings Changes

A number of research firms recently weighed in on VRT. Bank of America upped their price objective on shares of Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Evercore ISI upped their price objective on shares of Vertiv from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 13th. JPMorgan Chase & Co. upped their price objective on shares of Vertiv from $53.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Mizuho increased their price target on shares of Vertiv from $50.00 to $56.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Finally, Citigroup lifted their price objective on shares of Vertiv from $49.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.38.

Check Out Our Latest Stock Report on VRT

Vertiv Stock Performance

The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $32.60 billion, a PE ratio of 72.01, a price-to-earnings-growth ratio of 1.28 and a beta of 1.59. The firm’s fifty day moving average price is $67.97 and its two-hundred day moving average price is $51.97.

Vertiv (NYSE:VRTGet Free Report) last posted its earnings results on Wednesday, February 21st. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.03. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.88 billion. Vertiv had a net margin of 6.71% and a return on equity of 39.46%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. As a group, equities research analysts forecast that Vertiv Holdings Co will post 2.35 EPS for the current year.

Vertiv Announces Dividend

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

Insider Transactions at Vertiv

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of VRT. Advisor Group Holdings Inc. lifted its position in Vertiv by 11.5% in the first quarter. Advisor Group Holdings Inc. now owns 26,749 shares of the company’s stock valued at $375,000 after buying an additional 2,756 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Vertiv by 17.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 15,756 shares of the company’s stock worth $221,000 after purchasing an additional 2,361 shares in the last quarter. US Bancorp DE lifted its stake in Vertiv by 216.7% in the first quarter. US Bancorp DE now owns 21,756 shares of the company’s stock worth $304,000 after acquiring an additional 14,886 shares during the last quarter. Citigroup Inc. lifted its stake in Vertiv by 40.2% in the first quarter. Citigroup Inc. now owns 66,068 shares of the company’s stock worth $925,000 after acquiring an additional 18,935 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in Vertiv by 450.1% in the first quarter. Bank of Montreal Can now owns 461,842 shares of the company’s stock worth $6,333,000 after acquiring an additional 377,884 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

About Vertiv

(Get Free Report)

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.

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