Vertiv (NYSE:VRT) Trading Down 0.2%

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s stock price was down 0.2% during trading on Tuesday . The stock traded as low as $95.50 and last traded at $97.05. Approximately 1,585,524 shares traded hands during trading, a decline of 80% from the average daily volume of 8,118,981 shares. The stock had previously closed at $97.26.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Bank of America raised their price objective on Vertiv from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, March 18th. Citigroup raised their price target on Vertiv from $102.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, April 25th. Mizuho boosted their price objective on shares of Vertiv from $56.00 to $95.00 and gave the stock a "neutral" rating in a research report on Friday, April 26th. Oppenheimer raised their target price on shares of Vertiv from $96.00 to $98.00 and gave the company an "outperform" rating in a report on Thursday, April 25th. Finally, Evercore ISI increased their price target on shares of Vertiv from $90.00 to $95.00 and gave the company an "outperform" rating in a research report on Thursday, April 25th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $81.11.

Vertiv Stock Performance

The stock has a 50-day simple moving average of $80.75 and a 200-day simple moving average of $60.37. The stock has a market cap of $35.53 billion, a PE ratio of 91.26, a P/E/G ratio of 1.41 and a beta of 1.55. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 0.98.

Vertiv (NYSE:VRT - Get Free Report) last posted 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. The firm had revenue of $1.64 billion during 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 44.95%. The company's revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS. Equities analysts predict that Vertiv Holdings Co will post 2.42 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 0.11%. Vertiv's dividend payout ratio is currently 9.62%.

Insider Buying and Selling at Vertiv

In related news, EVP Stephen Liang sold 306,196 shares of the business'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 transaction, the executive vice president now directly owns 51,841 shares of the company's stock, valued at approximately $3,641,311.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Vertiv news, EVP Stephen Liang sold 306,196 shares of the business's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $70.24, for a total value of $21,507,207.04. Following the transaction, the executive vice president now owns 51,841 shares in the company, valued at approximately $3,641,311.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 disclosure for this sale can be found here. Insiders have sold 3,362,790 shares of company stock valued at $306,451,347 over the last three months. 5.62% of the stock is owned by company insiders.

Institutional Investors Weigh In On Vertiv

Several hedge funds and other institutional investors have recently modified their holdings of the stock. First Horizon Advisors Inc. increased its holdings in Vertiv by 161.7% in the third quarter. First Horizon Advisors Inc. now owns 662 shares of the company's stock valued at $25,000 after buying an additional 409 shares during the last quarter. Bogart Wealth LLC bought a new stake in shares of Vertiv in the 1st quarter valued at approximately $25,000. GAMMA Investing LLC bought a new stake in shares of Vertiv in the 4th quarter valued at approximately $26,000. Raleigh Capital Management Inc. raised its position in shares of Vertiv by 79.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 571 shares of the company's stock valued at $27,000 after acquiring an additional 252 shares in the last quarter. Finally, Atticus Wealth Management LLC bought a new position in Vertiv during the first quarter worth $27,000. Institutional investors own 89.92% of the company's stock.

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.