Vertiv (NYSE:VRT) Trading Up 4.2%

Vertiv Holdings Co (NYSE:VRT)’s share price shot up 4.2% during trading on Thursday . The stock traded as high as $86.31 and last traded at $85.89. 4,001,635 shares changed hands during trading, a decline of 53% from the average session volume of 8,533,818 shares. The stock had previously closed at $82.39.

Analyst Ratings Changes

Several research firms have recently commented on VRT. TD Cowen upped their price target on Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. The Goldman Sachs Group cut their price target on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Mizuho upgraded Vertiv from a “neutral” rating to an “outperform” rating and cut their price target for the stock from $95.00 to $92.00 in a research note on Wednesday, August 7th. Bank of America upped their price target on Vertiv from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Finally, Evercore ISI restated an “outperform” rating and set a $105.00 price target on shares of Vertiv in a research note on Thursday, August 15th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $96.22.

Vertiv Price Performance

The stock has a fifty day moving average of $80.01 and a two-hundred day moving average of $84.36. The stock has a market cap of $32.67 billion, a price-to-earnings ratio of 82.59, a price-to-earnings-growth ratio of 0.94 and a beta of 1.58. 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 earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.10. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. Vertiv’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 earnings per share. On average, equities research analysts anticipate that Vertiv Holdings Co will post 2.58 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.11%. The ex-dividend date is Tuesday, September 17th. Vertiv’s dividend payout ratio (DPR) is 9.62%.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the company’s stock in a transaction 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 sale, the insider now owns 10,542 shares of the company’s stock, valued at $843,254.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.01% of the stock is owned by corporate insiders.

Institutional Trading of Vertiv

Large investors have recently made changes to their positions in the stock. Bogart Wealth LLC acquired a new stake in shares of Vertiv during the first quarter valued at $25,000. Atticus Wealth Management LLC acquired a new stake in Vertiv in the 1st quarter worth about $27,000. Mather Group LLC. boosted its stake in Vertiv by 132.5% in the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after buying an additional 200 shares during the last quarter. OFI Invest Asset Management purchased a new stake in Vertiv in the second quarter valued at approximately $34,000. Finally, Hazlett Burt & Watson Inc. acquired a new position in Vertiv during the first quarter worth approximately $34,000. 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.