Vertiv (NYSE:VRT) Reaches New 52-Week High at $94.39

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $94.39 and last traded at $90.88, with a volume of 8073047 shares. The stock had previously closed at $79.17.

Analyst Ratings Changes

Several equities research analysts recently weighed in on VRT shares. Citigroup raised their price objective on Vertiv from $69.00 to $102.00 and gave the company a "buy" rating in a report on Monday, April 8th. Oppenheimer started coverage on shares of Vertiv in a report on Friday, April 5th. They issued an "outperform" rating and a $96.00 target price on the stock. JPMorgan Chase & Co. increased their price target on Vertiv from $65.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, April 11th. Mizuho lifted their price objective on Vertiv from $50.00 to $56.00 and gave the stock a "neutral" rating in a research report on Thursday, February 22nd. Finally, Bank of America raised their target price on Vertiv from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Monday, March 18th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $74.56.

Vertiv Stock Up 6.8 %

The company has a debt-to-equity ratio of 1.45, a current ratio of 1.74 and a quick ratio of 1.35. The company has a market cap of $32.29 billion, a P/E ratio of 71.64, a price-to-earnings-growth ratio of 1.21 and a beta of 1.59. The stock has a fifty day moving average price of $74.96 and a two-hundred day moving average price of $56.68.

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

Vertiv Announces Dividend

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

Insider Activity

In other Vertiv news, CAO Scott Cripps sold 56,594 shares of the firm's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $70.76, for a total value of $4,004,591.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Scott Cripps sold 56,594 shares of the company's stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 51,841 shares of the company's stock, valued at $3,641,311.84. The disclosure for this sale can be found here. Insiders own 5.62% of the company's stock.

Hedge Funds Weigh In On Vertiv

A number of large investors have recently modified their holdings of the company. Nordea Investment Management AB bought a new position in Vertiv in the 4th quarter valued at $1,040,000. WT Asset Management Ltd bought a new position in Vertiv in the 4th quarter worth about $24,486,000. CenterBook Partners LP grew its stake in Vertiv by 82.0% in the 3rd quarter. CenterBook Partners LP now owns 174,938 shares of the company's stock worth $6,508,000 after buying an additional 78,793 shares in the last quarter. Quadrature Capital Ltd boosted its holdings in shares of Vertiv by 791.6% in the 3rd quarter. Quadrature Capital Ltd now owns 92,628 shares of the company's stock worth $3,445,000 after purchasing an additional 82,239 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Vertiv by 244.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 41,984 shares of the company's stock valued at $2,016,000 after purchasing an additional 29,804 shares during 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.