Vertiv (NYSE:VRT) Stock Price Up 1.2%

Vertiv Holdings Co (NYSE:VRT) shares shot up 1.2% during mid-day trading on Tuesday . The company traded as high as $76.69 and last traded at $75.36. 1,367,234 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 8,540,550 shares. The stock had previously closed at $74.48.

Analyst Ratings Changes

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

Vertiv Stock Up 1.1 %

The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00. The business has a 50 day moving average of $80.47 and a 200 day moving average of $84.28. The firm has a market capitalization of $28.19 billion, a price-to-earnings ratio of 72.46, a price-to-earnings-growth ratio of 0.94 and a beta of 1.58.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.57 by $0.10. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company earned $0.46 EPS. Vertiv’s revenue was up 12.6% on a year-over-year basis. On average, equities analysts anticipate that Vertiv Holdings Co will post 2.58 EPS for the current year.

Vertiv Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Tuesday, September 17th. This represents a $0.10 annualized dividend and a yield of 0.13%. Vertiv’s dividend payout ratio is 9.62%.

Insider Transactions at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the sale, 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 SEC, which can be accessed through this hyperlink. Company insiders own 5.01% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new stake in Vertiv in the second quarter valued at about $1,632,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Vertiv in the 2nd quarter valued at approximately $346,000. Sycomore Asset Management bought a new stake in Vertiv in the second quarter valued at approximately $10,225,000. Kestra Investment Management LLC bought a new position in shares of Vertiv during the second quarter worth $1,649,000. Finally, Clearbridge Investments LLC increased its position in shares of Vertiv by 15.4% in the 2nd quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock valued at $221,013,000 after buying an additional 340,639 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

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.