Vertiv (NYSE:VRT) Trading 1.4% Higher – What’s Next?

Vertiv Holdings Co (NYSE:VRT) shares shot up 1.4% during mid-day trading on Monday . The company traded as high as $114.64 and last traded at $113.77. 1,427,315 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 8,342,842 shares. The stock had previously closed at $112.17.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VRT. Jefferies Financial Group started coverage on shares of Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 price target on the stock. Evercore ISI lifted their target price on Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday. Oppenheimer increased their price target on Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a report on Thursday. Mizuho boosted their price objective on shares of Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday. Finally, The Goldman Sachs Group lowered their target price on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $122.11.

Vertiv Stock Up 1.7 %

The business’s fifty day moving average is $93.57 and its two-hundred day moving average is $90.26. The stock has a market cap of $42.79 billion, a price-to-earnings ratio of 88.88, a PEG ratio of 1.47 and a beta of 1.59. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The company’s revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 earnings per share. Equities analysts forecast that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.09%. Vertiv’s dividend payout ratio is presently 7.81%.

Insiders Place Their Bets

In other news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the transaction, the insider now owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.01% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vertiv

A number of institutional investors have recently added to or reduced their stakes in the business. Anchor Investment Management LLC acquired a new stake in shares of Vertiv in the 2nd quarter valued at approximately $26,000. Mather Group LLC. lifted its stake in shares of 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. Krane Funds Advisors LLC purchased a new stake in Vertiv during the third quarter worth about $29,000. Global Trust Asset Management LLC acquired a new position in Vertiv during the third quarter worth about $30,000. Finally, OFI Invest Asset Management purchased a new position in Vertiv in the second quarter valued at about $34,000. Hedge funds and other institutional investors 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.