Vertiv (NYSE:VRT) Shares Up 1%

Shares of Vertiv Holdings Co (NYSE:VRT) shot up 1% on Tuesday . The company traded as high as $91.07 and last traded at $88.76. 2,520,529 shares traded hands during trading, a decline of 70% from the average session volume of 8,369,729 shares. The stock had previously closed at $87.89.

Analyst Ratings Changes

A number of research firms have recently weighed in on VRT. The Goldman Sachs Group lifted their price objective on Vertiv from $103.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Evercore ISI lifted their price objective on Vertiv from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, June 14th. Citigroup lifted their price objective on Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. lifted their price objective on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Finally, Oppenheimer lifted their price objective on Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $92.11.

Vertiv Trading Up 1.0 %

The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 2.09. The stock has a 50 day simple moving average of $94.04 and a 200-day simple moving average of $78.23. The firm has a market cap of $30.91 billion, a P/E ratio of 79.59, a P/E/G ratio of 1.30 and a beta of 1.58.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the company posted $0.24 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts expect that Vertiv Holdings Co will post 2.44 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend was Monday, June 17th. Vertiv’s dividend payout ratio is currently 9.62%.

Insider Activity

In other news, Director Doherty Philip O’ sold 9,529 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $109.30, for a total transaction of $1,041,519.70. Following the transaction, the director now owns 6,882,859 shares of the company’s stock, valued at approximately $752,296,488.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Yibin Edward Cui sold 668 shares of the business’s stock in a transaction on Saturday, May 4th. The stock was sold at an average price of $94.39, for a total transaction of $63,052.52. Following the completion of the transaction, the insider now owns 19,452 shares in the company, valued at approximately $1,836,074.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Doherty Philip O’ sold 9,529 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $109.30, for a total value of $1,041,519.70. Following the transaction, the director now owns 6,882,859 shares of the company’s stock, valued at approximately $752,296,488.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,162,739 shares of company stock valued at $400,713,362. 5.01% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vertiv

Large investors have recently bought and sold shares of the business. Bogart Wealth LLC purchased a new position in Vertiv during the 1st quarter valued at $25,000. Atticus Wealth Management LLC purchased a new position in Vertiv during the 1st quarter valued at $27,000. Mather Group LLC. boosted its holdings in Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after acquiring an additional 200 shares during the period. Hazlett Burt & Watson Inc. purchased a new stake in shares of Vertiv in the 1st quarter worth $34,000. Finally, RiverPark Advisors LLC purchased a new stake in shares of Vertiv in the 1st quarter worth $35,000. 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.