Vertiv (NYSE:VRT) Hits New 1-Year High at $97.28

Vertiv Holdings Co (NYSE:VRT - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $97.28 and last traded at $96.69, with a volume of 1520975 shares. The stock had previously closed at $93.01.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Vertiv from $95.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday, April 25th. Mizuho upped their target price on shares of Vertiv from $56.00 to $95.00 and gave the stock a "neutral" rating in a research note on Friday, April 26th. Oppenheimer raised their price target on shares of Vertiv from $96.00 to $98.00 and gave the company an "outperform" rating in a research report on Thursday, April 25th. Citigroup increased their target price on Vertiv from $102.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, April 25th. Finally, Evercore ISI boosted their price target on Vertiv from $90.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday, April 25th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Vertiv has a consensus rating of "Moderate Buy" and an average target price of $81.11.

Vertiv Stock Up 4.6 %

The company has a fifty day simple moving average of $80.18 and a 200-day simple moving average of $59.96. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 2.09. The firm has a market cap of $36.41 billion, a P/E ratio of 93.52, a price-to-earnings-growth ratio of 1.41 and a beta of 1.55.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.06. The company had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The firm's revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 EPS. On average, equities analysts anticipate that Vertiv Holdings Co will post 2.42 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date of this dividend was Monday, March 18th. Vertiv's dividend payout ratio (DPR) is 9.62%.

Insiders Place Their Bets

In other Vertiv news, Director Doherty Philip O' sold 2,511,295 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $93.64, for a total transaction of $235,157,663.80. Following the completion of the transaction, the director now owns 9,324,181 shares of the company's stock, valued at approximately $873,116,308.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Vertiv news, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction on Friday, March 8th. The shares were sold at an average price of $70.76, for a total value of $4,004,591.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Doherty Philip O' sold 2,511,295 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $93.64, for a total transaction of $235,157,663.80. Following the completion of the transaction, the director now directly owns 9,324,181 shares of the company's stock, valued at approximately $873,116,308.84. The disclosure for this sale can be found here. Insiders sold 3,362,790 shares of company stock worth $306,451,347 in the last three months. 5.62% of the stock is owned by company insiders.

Institutional Trading of Vertiv

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC bought a new position in Vertiv in the 3rd quarter valued at $2,241,000. Cambridge Investment Research Advisors Inc. boosted its position in Vertiv by 5.6% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 48,099 shares of the company's stock valued at $1,789,000 after buying an additional 2,548 shares during the period. Xponance Inc. grew its stake in Vertiv by 4.1% in the 3rd quarter. Xponance Inc. now owns 14,558 shares of the company's stock worth $542,000 after acquiring an additional 577 shares in the last quarter. Raymond James & Associates increased its position in shares of Vertiv by 255.0% during the third quarter. Raymond James & Associates now owns 67,375 shares of the company's stock worth $2,506,000 after acquiring an additional 48,396 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its stake in Vertiv by 71.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 24,165 shares of the company's stock worth $899,000 after purchasing an additional 10,031 shares in the last quarter. Hedge funds and other institutional investors 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.