Vertiv (NYSE:VRT) Trading 1% Higher

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s share price shot up 1% during mid-day trading on Thursday . The company traded as high as $90.90 and last traded at $89.43. 1,656,897 shares traded hands during trading, a decline of 80% from the average session volume of 8,211,836 shares. The stock had previously closed at $88.52.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VRT. Mizuho increased their price objective on shares of Vertiv from $56.00 to $95.00 and gave the stock a "neutral" rating in a research note on Friday, April 26th. Oppenheimer increased their target price on shares of Vertiv from $96.00 to $98.00 and gave the stock an "outperform" rating in a report on Thursday, April 25th. 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. Evercore ISI increased their target price on shares of Vertiv from $90.00 to $95.00 and gave the stock an "outperform" rating in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. increased their target price on shares of Vertiv from $95.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vertiv presently has a consensus rating of "Moderate Buy" and an average target price of $81.11.

Vertiv Trading Up 4.2 %

The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.35 and a current ratio of 1.34. The business's fifty day moving average is $78.95 and its 200-day moving average is $58.90. The firm has a market cap of $35.22 billion, a P/E ratio of 88.66, a price-to-earnings-growth ratio of 1.41 and a beta of 1.54.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the business earned $0.24 EPS. The company's revenue was up 7.8% compared to the same quarter last year. Analysts predict that Vertiv Holdings Co will post 2.42 EPS for the current year.

Vertiv Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Doherty Philip O' sold 2,511,295 shares of the firm's stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $93.64, for a total transaction of $235,157,663.80. Following the completion of the sale, the director now owns 9,324,181 shares of the company's stock, valued at approximately $873,116,308.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Doherty Philip O' sold 2,511,295 shares of the firm's stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $93.64, for a total transaction of $235,157,663.80. Following the completion of the sale, the director now owns 9,324,181 shares of the company's stock, valued at approximately $873,116,308.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Stephen Liang sold 306,196 shares of the firm'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 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 approximately $3,641,311.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,362,790 shares of company stock worth $306,451,347. 5.62% of the stock is currently owned by insiders.

Institutional Trading of Vertiv

Hedge funds have recently bought and sold shares of the business. FMR LLC lifted its stake in 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 acquiring an additional 30,511,907 shares in the last quarter. Norges Bank purchased a new position in shares of Vertiv during the fourth quarter worth about $185,339,000. Vanguard Group Inc. boosted its stake in Vertiv by 12.1% in the third quarter. Vanguard Group Inc. now owns 31,628,757 shares of the company's stock worth $1,176,590,000 after buying an additional 3,417,710 shares in the last quarter. Coatue Management LLC boosted its stake 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 buying an additional 2,249,353 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in Vertiv by 1,032.5% in the third quarter. Qube Research & Technologies Ltd now owns 2,258,888 shares of the company's stock worth $84,031,000 after buying an additional 2,059,431 shares in the last quarter. Institutional investors and hedge funds 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.