Vertiv (NYSE:VRT) Trading 0.3% Higher

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s share price was up 0.3% during mid-day trading on Tuesday . The company traded as high as $95.70 and last traded at $95.13. Approximately 3,096,372 shares were traded during trading, a decline of 62% from the average daily volume of 8,162,124 shares. The stock had previously closed at $94.80.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VRT. Oppenheimer upped their price objective on shares of Vertiv from $96.00 to $98.00 and gave the stock an "outperform" rating in a report on Thursday, April 25th. Citigroup increased their price target on shares of Vertiv from $102.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, April 25th. Evercore ISI lifted their price objective on Vertiv from $90.00 to $95.00 and gave the company an "outperform" rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. increased their target price on Vertiv from $95.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday, April 25th. Finally, Bank of America lifted their price target on Vertiv from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Monday, March 18th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $81.11.

Vertiv Stock Performance

The business has a 50 day moving average price of $77.77 and a 200 day moving average price of $58.46. 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 market capitalization of $35.53 billion, a PE ratio of 89.43, a PEG ratio of 1.44 and a beta of 1.59.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 42.43%. Vertiv's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 EPS. As a group, equities research analysts expect that Vertiv Holdings Co will post 2.38 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were issued a $0.025 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a yield of 0.11%. Vertiv's payout ratio is currently 9.62%.

Insider Activity at Vertiv

In related 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 directly owns 51,841 shares of the company's stock, valued at $3,641,311.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO Scott Cripps sold 56,594 shares of the firm'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 sale was disclosed in a legal filing with the SEC, which is available at this link. 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 sale, the executive vice president now directly 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. In the last three months, insiders have sold 3,362,790 shares of company stock valued at $306,451,347. 5.62% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Vertiv

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC grew its stake in shares of Vertiv by 182.4% during the 3rd quarter. FMR LLC now owns 47,236,496 shares of the company's stock valued at $1,757,198,000 after purchasing an additional 30,511,907 shares during the period. Norges Bank bought a new stake in Vertiv during the fourth quarter valued at approximately $185,339,000. Vanguard Group Inc. increased its holdings in Vertiv by 12.1% during the third quarter. Vanguard Group Inc. now owns 31,628,757 shares of the company's stock valued at $1,176,590,000 after buying an additional 3,417,710 shares during the last quarter. Coatue Management LLC raised its position in Vertiv by 19.5% in the fourth quarter. Coatue Management LLC now owns 13,811,848 shares of the company's stock worth $663,383,000 after acquiring an additional 2,249,353 shares during the period. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Vertiv by 1,032.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 2,258,888 shares of the company's stock worth $84,031,000 after acquiring an additional 2,059,431 shares during the last quarter. 89.92% of the stock is owned by 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.