Vertiv (NYSE:VRT) Trading Up 3.9%

Vertiv Holdings Co (NYSE:VRT - Get Free Report) was up 3.9% on Tuesday . The company traded as high as $79.58 and last traded at $79.04. Approximately 2,458,273 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 7,565,272 shares. The stock had previously closed at $76.07.

Wall Street Analysts Forecast Growth

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

Vertiv Stock Performance

The company has a market capitalization of $30.23 billion, a price-to-earnings ratio of 67.08, a PEG ratio of 1.19 and a beta of 1.59. 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 stock has a 50 day simple moving average of $74.96 and a two-hundred day simple moving average of $56.68.

Vertiv (NYSE:VRT - Get Free Report) last issued its 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. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.88 billion. Vertiv had a return on equity of 39.46% and a net margin of 6.71%. The business's quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the company earned $0.28 EPS. As a group, analysts anticipate that Vertiv Holdings Co will post 2.36 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.10 annualized dividend and a yield of 0.13%. Vertiv's dividend payout ratio is currently 8.47%.

Insider Buying and Selling at Vertiv

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

Hedge Funds Weigh In On Vertiv

Several institutional investors have recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its holdings in shares of Vertiv by 161.7% in the third quarter. First Horizon Advisors Inc. now owns 662 shares of the company's stock valued at $25,000 after acquiring an additional 409 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Vertiv in the 4th quarter valued at approximately $26,000. Raleigh Capital Management Inc. boosted its stake in shares of Vertiv by 79.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company's stock valued at $27,000 after buying an additional 252 shares in the last quarter. Atticus Wealth Management LLC purchased a new position in Vertiv in the first quarter worth $27,000. Finally, Clearstead Advisors LLC purchased a new position in Vertiv in the third quarter worth $38,000. 89.92% of the stock is owned by institutional investors and hedge funds.

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.