Vertiv (NYSE:VRT) Trading 1.3% Higher

Vertiv Holdings Co (NYSE:VRT - Get Free Report) shares shot up 1.3% during trading on Wednesday . The stock traded as high as $82.87 and last traded at $82.87. 1,592,215 shares traded hands during trading, a decline of 79% from the average session volume of 7,412,618 shares. The stock had previously closed at $81.80.

Analysts Set New Price Targets

VRT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on Vertiv from $53.00 to $65.00 and gave the stock an "overweight" rating in a report on Thursday, February 22nd. Oppenheimer started coverage on shares of Vertiv in a research note on Friday, April 5th. They issued an "outperform" rating and a $96.00 price target on the stock. Evercore ISI upped their price objective on shares of Vertiv from $80.00 to $90.00 and gave the stock an "outperform" rating in a research report on Friday, April 5th. Bank of America raised their target price on shares of Vertiv from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Monday, March 18th. Finally, Citigroup upped their price target on shares of Vertiv from $69.00 to $102.00 and gave the stock a "buy" rating in a report on Monday. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Vertiv currently has a consensus rating of "Moderate Buy" and an average price target of $71.22.

Vertiv Price Performance

The stock has a market cap of $32.37 billion, a P/E ratio of 71.82, a price-to-earnings-growth ratio of 1.35 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 50-day simple moving average of $71.46 and a 200 day simple moving average of $53.82.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, February 21st. The company reported $0.56 earnings per share (EPS) 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 analyst estimates of $1.88 billion. During the same period in the prior year, the firm earned $0.28 earnings per share. Vertiv's revenue was up 12.7% on a year-over-year basis. On average, analysts forecast that Vertiv Holdings Co will post 2.34 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend was Monday, March 18th. Vertiv's dividend payout ratio is currently 8.47%.

Insider Activity

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC bought a new position in shares of Vertiv in the fourth quarter worth $26,000. Raleigh Capital Management Inc. lifted its stake in shares of Vertiv by 79.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 571 shares of the company's stock valued at $27,000 after acquiring an additional 252 shares during the last quarter. First Horizon Advisors Inc. grew its position in Vertiv by 161.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the company's stock worth $25,000 after acquiring an additional 409 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Vertiv in the 4th quarter worth approximately $38,000. Finally, Quadrant Capital Group LLC lifted its position in Vertiv by 24.7% in the fourth quarter. Quadrant Capital Group LLC now owns 857 shares of the company's stock valued at $41,000 after purchasing an additional 170 shares during 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.