Vertiv (NYSE:VRT) Trading 11.7% Higher

Vertiv Holdings Co (NYSE:VRT - Get Free Report) was up 11.7% during trading on Wednesday . The stock traded as high as $94.39 and last traded at $88.45. Approximately 12,267,756 shares were traded during mid-day trading, an increase of 60% from the average daily volume of 7,676,429 shares. The stock had previously closed at $79.17.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Vertiv from $65.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, April 11th. Oppenheimer assumed coverage on shares of Vertiv in a research report on Friday, April 5th. They issued an "outperform" rating and a $96.00 price objective on the stock. Citigroup lifted their price objective on shares of Vertiv from $69.00 to $102.00 and gave the company a "buy" rating in a research report on Monday, April 8th. Bank of America lifted their price objective 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, 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 research report on Friday, April 5th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $74.56.

Vertiv Price Performance

The company has a market capitalization of $32.29 billion, a P/E ratio of 71.64, a P/E/G ratio of 1.21 and a beta of 1.59. The business's 50-day simple moving average is $75.35 and its 200 day simple moving average is $56.87. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 1.45.

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

Vertiv Dividend Announcement

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. The ex-dividend date was Monday, March 18th. This represents a $0.10 annualized dividend and a dividend yield of 0.12%. Vertiv's dividend payout ratio is currently 8.47%.

Insider Transactions at Vertiv

In other news, CAO Scott Cripps sold 56,594 shares of Vertiv 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 sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CAO Scott Cripps sold 56,594 shares of Vertiv 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 51,841 shares in the company, valued at $3,641,311.84. The disclosure for this sale can be found here. Corporate insiders own 5.62% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Vertiv by 22.3% in the first quarter. GAMMA Investing LLC now owns 653 shares of the company's stock worth $53,000 after acquiring an additional 119 shares in the last quarter. Quadrant Capital Group LLC grew its position in Vertiv by 24.7% during 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 in the last quarter. Farmers & Merchants Investments Inc. grew its position in Vertiv by 66.7% during the first quarter. Farmers & Merchants Investments Inc. now owns 500 shares of the company's stock valued at $41,000 after purchasing an additional 200 shares in the last quarter. Simon Quick Advisors LLC grew its position in Vertiv by 1.0% during the fourth quarter. Simon Quick Advisors LLC now owns 20,065 shares of the company's stock valued at $964,000 after purchasing an additional 205 shares in the last quarter. Finally, Hanseatic Management Services Inc. grew its position in Vertiv by 0.8% during the third quarter. Hanseatic Management Services Inc. now owns 29,541 shares of the company's stock valued at $1,099,000 after purchasing an additional 246 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other 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.