Vertiv (NYSE:VRT) Stock Price Down 0.1%

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s stock price dropped 0.1% during mid-day trading on Monday . The stock traded as low as $91.19 and last traded at $93.37. Approximately 2,957,847 shares were traded during trading, a decline of 63% from the average daily volume of 8,082,733 shares. The stock had previously closed at $93.49.

Wall Street Analysts Forecast Growth

VRT has been the topic of several research reports. Mizuho boosted their price objective on shares of Vertiv from $56.00 to $95.00 and gave the stock a "neutral" rating in a report on Friday. Oppenheimer upped their target price on shares of Vertiv from $96.00 to $98.00 and gave the company an "outperform" rating in a research note on Thursday. Bank of America upped their target price on shares of Vertiv from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, March 18th. JPMorgan Chase & Co. upped their target price on shares of Vertiv from $95.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Citigroup upped their target price on shares of Vertiv from $102.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Vertiv presently has an average rating of "Moderate Buy" and a consensus target price of $81.11.

Vertiv Stock Performance

The stock has a market capitalization of $36.21 billion, a price-to-earnings ratio of 91.15, a price-to-earnings-growth ratio of 1.44 and a beta of 1.59. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 1.45. The stock's 50-day simple moving average is $77.15 and its 200 day simple moving average is $58.08.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.06. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 42.43%. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 earnings per share. Analysts expect that Vertiv Holdings Co will post 2.38 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The firm 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 was Monday, March 18th. This represents a $0.10 annualized dividend and a yield of 0.11%. Vertiv's dividend payout ratio is currently 9.62%.

Insider Activity at Vertiv

In related news, CAO Scott Cripps sold 56,594 shares of the 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 document filed with the SEC, which can be accessed through this link. In other Vertiv news, CAO Scott Cripps sold 56,594 shares of the company'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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 306,196 shares of the company's stock in a transaction that occurred on Friday, March 1st. The shares were 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. 5.62% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vertiv

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in Vertiv by 22.3% in the first quarter. GAMMA Investing LLC now owns 653 shares of the company's stock valued at $53,000 after acquiring an additional 119 shares during the last quarter. Lindbrook Capital LLC lifted its stake in Vertiv by 33.2% in the first quarter. Lindbrook Capital LLC now owns 550 shares of the company's stock valued at $45,000 after acquiring an additional 137 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Vertiv by 24.7% during the 4th quarter. Quadrant Capital Group LLC now owns 857 shares of the company's stock worth $41,000 after buying an additional 170 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its stake in shares of Vertiv by 66.7% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 500 shares of the company's stock worth $41,000 after buying an additional 200 shares during the last quarter. Finally, Simon Quick Advisors LLC lifted its stake in shares of Vertiv by 1.0% during the 4th quarter. Simon Quick Advisors LLC now owns 20,065 shares of the company's stock worth $964,000 after buying an additional 205 shares during the last quarter. Institutional investors 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.