Vertiv (NYSE:VRT) Trading 0.4% Higher

Vertiv Holdings Co (NYSE:VRT) shares shot up 0.4% on Wednesday . The stock traded as high as $77.04 and last traded at $75.80. 3,027,465 shares were traded during trading, a decline of 64% from the average session volume of 8,523,260 shares. The stock had previously closed at $75.47.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group decreased their price objective on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, July 25th. TD Cowen upped their price target on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Evercore ISI reiterated an “outperform” rating and issued a $105.00 price objective on shares of Vertiv in a report on Thursday, August 15th. Finally, Mizuho upgraded shares of Vertiv from a “neutral” rating to an “outperform” rating and lowered their target price for the company from $95.00 to $92.00 in a research note on Wednesday, August 7th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vertiv currently has an average rating of “Buy” and an average price target of $96.22.

Vertiv Stock Up 5.3 %

The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90. The stock has a market cap of $32.54 billion, a P/E ratio of 83.39, a PEG ratio of 1.08 and a beta of 1.58. The company’s 50 day moving average price is $79.87 and its two-hundred day moving average price is $84.38.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.10. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 EPS. Equities analysts forecast 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 paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend is Tuesday, September 17th. Vertiv’s payout ratio is 9.62%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bogart Wealth LLC bought a new position in shares of Vertiv during the 1st quarter valued at approximately $25,000. Raleigh Capital Management Inc. raised its position in shares of Vertiv by 79.0% during 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 in the last quarter. Atticus Wealth Management LLC bought a new position in shares of Vertiv in the 1st quarter valued at about $27,000. Mather Group LLC. increased its stake in Vertiv by 132.5% during the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after acquiring an additional 200 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. bought a new stake in Vertiv during the first quarter worth approximately $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.