Vertiv (NYSE:VRT) Trading 3.9% Higher

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Vertiv from $65.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Mizuho raised their price objective on shares of Vertiv from $50.00 to $56.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Evercore ISI raised their price objective on shares of Vertiv from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. Citigroup raised their price objective on shares of Vertiv from $69.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Finally, Oppenheimer initiated coverage on shares of Vertiv in a research note on Friday, April 5th. They set an “outperform” rating and a $96.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $74.56.

Vertiv Price Performance

The stock has a market capitalization of $32.29 billion, a PE ratio of 71.64, a PEG ratio of 1.26 and a beta of 1.59. 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 company’s 50 day simple moving average is $75.35 and its 200 day simple moving average is $56.87.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, February 21st. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Vertiv had a net margin of 6.71% and a return on equity of 39.46%. Vertiv’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 EPS. On average, equities analysts anticipate that Vertiv Holdings Co will post 2.36 earnings per share for the current year.

Vertiv Dividend Announcement

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

Insider Buying and Selling at Vertiv

In other Vertiv news, EVP Stephen Liang sold 306,196 shares of Vertiv 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 transaction, the executive vice president now owns 51,841 shares in the company, valued at approximately $3,641,311.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Vertiv news, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction on Friday, March 8th. The shares were sold at an average price of $70.76, for a total value of $4,004,591.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction on 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 in the company, valued at approximately $3,641,311.84. The disclosure for this sale can be found here. 5.62% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vertiv

Hedge funds and other institutional investors have recently made changes to their positions in the business. Atticus Wealth Management LLC purchased a new position in Vertiv in the 1st quarter valued at about $27,000. Farmers & Merchants Investments Inc. boosted its position in Vertiv by 66.7% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 500 shares of the company’s stock valued at $41,000 after buying an additional 200 shares during the last quarter. GAMMA Investing LLC purchased a new position in Vertiv in the 4th quarter valued at about $26,000. Raleigh Capital Management Inc. boosted its position in Vertiv by 79.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock valued at $27,000 after buying an additional 252 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its position in Vertiv by 161.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock valued at $25,000 after buying an additional 409 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

About Vertiv

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.