Vertiv (NYSE:VRT) Trading 2% Higher

Shares of Vertiv Holdings Co (NYSE:VRT - Get Free Report) were up 2% on Tuesday . The stock traded as high as $96.87 and last traded at $96.72. Approximately 1,305,394 shares were traded during trading, a decline of 84% from the average daily volume of 8,020,186 shares. The stock had previously closed at $94.80.

Wall Street Analysts Forecast Growth

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

Vertiv Trading Up 4.2 %

The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 0.98. The business has a 50-day moving average price of $82.95 and a two-hundred day moving average price of $62.04. The firm has a market cap of $36.98 billion, a PE ratio of 93.00, a PEG ratio of 1.44 and a beta of 1.55.

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

Vertiv Announces Dividend

The business also recently disclosed 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. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date was Monday, March 18th. Vertiv's payout ratio is currently 9.62%.

Insider Buying and Selling

In other Vertiv news, Director Doherty Philip O' sold 2,511,295 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 9,324,181 shares of the company's stock, valued at approximately $873,116,308.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Yibin Edward Cui sold 668 shares of the company's stock in a transaction dated Saturday, May 4th. The shares were sold at an average price of $94.39, for a total transaction of $63,052.52. Following the completion of the transaction, the insider now owns 19,452 shares of the company's stock, valued at approximately $1,836,074.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Doherty Philip O' sold 2,511,295 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $93.64, for a total transaction of $235,157,663.80. Following the transaction, the director now owns 9,324,181 shares in the company, valued at $873,116,308.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,409,664 shares of company stock worth $310,846,212. 5.62% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Vertiv

Several institutional investors and hedge funds have recently bought and sold shares of VRT. FMR LLC raised its stake in Vertiv by 182.4% during the third quarter. FMR LLC now owns 47,236,496 shares of the company's stock worth $1,757,198,000 after purchasing an additional 30,511,907 shares during the period. Vanguard Group Inc. raised its stake in Vertiv by 5.5% during the first quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company's stock worth $2,745,930,000 after purchasing an additional 1,766,784 shares during the period. Coatue Management LLC raised its stake in Vertiv by 19.5% during the fourth quarter. Coatue Management LLC now owns 13,811,848 shares of the company's stock worth $663,383,000 after purchasing an additional 2,249,353 shares during the period. Invesco Ltd. raised its stake in Vertiv by 10.2% during the third quarter. Invesco Ltd. now owns 10,817,978 shares of the company's stock worth $402,429,000 after purchasing an additional 1,002,191 shares during the period. Finally, Norges Bank purchased a new position in shares of Vertiv in the 4th quarter valued at $185,339,000. 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.