Vertiv (NYSE:VRT) Trading Up 4.9%

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s stock price rose 4.9% during mid-day trading on Wednesday . The company traded as high as $85.21 and last traded at $84.70. Approximately 3,456,812 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 7,324,280 shares. The stock had previously closed at $80.77.

Wall Street Analysts Forecast Growth

VRT has been the subject of a number of research analyst reports. Citigroup lifted their price target on shares of Vertiv from $49.00 to $58.00 and gave the stock a "buy" rating in a research note on Monday, December 11th. Evercore ISI upped their price objective on shares of Vertiv from $75.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, March 13th. Mizuho upped their price objective on shares of Vertiv from $50.00 to $56.00 and gave the stock a "neutral" rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. boosted their price target on shares of Vertiv from $53.00 to $65.00 and gave the stock an "overweight" rating in a research report on Thursday, February 22nd. Finally, Bank of America boosted their price target on shares of Vertiv from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Monday, March 18th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vertiv has an average rating of "Moderate Buy" and an average target price of $61.38.

Vertiv Stock Up 5.8 %

The company has a market cap of $32.63 billion, a price-to-earnings ratio of 72.01, a P/E/G ratio of 1.28 and a beta of 1.59. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 1.45. The business has a fifty day moving average price of $67.97 and a two-hundred day moving average price of $51.97.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. The business had revenue of $1.87 billion during the quarter, compared to analysts' expectations of $1.88 billion. Vertiv had a return on equity of 39.46% and a net margin of 6.71%. The firm's quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 EPS. On average, equities analysts predict that Vertiv Holdings Co will post 2.35 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were given 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 payout ratio is currently 8.47%.

Insiders Place Their Bets

In related news, EVP Stephen Liang sold 306,196 shares of the company's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the transaction, the executive vice president now directly owns 51,841 shares in the company, valued at $3,641,311.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Stephen Liang sold 306,196 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the sale, the executive vice president now owns 51,841 shares in the company, valued at $3,641,311.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott Cripps sold 56,594 shares of the 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 disclosure for this sale can be found here. Company insiders own 5.62% of the company's stock.

Institutional Investors Weigh In On Vertiv

Hedge funds have recently modified their holdings of the business. Nordea Investment Management AB acquired a new position in shares of Vertiv during the 4th quarter worth approximately $1,040,000. WT Asset Management Ltd bought a new position in Vertiv in the fourth quarter valued at about $24,486,000. CenterBook Partners LP raised its position in Vertiv by 82.0% in the third quarter. CenterBook Partners LP now owns 174,938 shares of the company's stock valued at $6,508,000 after purchasing an additional 78,793 shares during the last quarter. Quadrature Capital Ltd increased its stake in shares of Vertiv by 791.6% in the third quarter. Quadrature Capital Ltd now owns 92,628 shares of the company's stock valued at $3,445,000 after buying an additional 82,239 shares during the period. Finally, Rheos Capital Works Inc. acquired a new stake in Vertiv during the fourth quarter worth approximately $10,807,000. Institutional investors and hedge funds 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.