Shares of Vertiv Holdings Co (NYSE:VRT - Get Free Report) traded down 2.5% during trading on Thursday . The company traded as low as $105.65 and last traded at $106.70. 2,068,850 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 9,022,859 shares. The stock had previously closed at $109.48.
Analyst Ratings Changes
VRT has been the topic of a number of research analyst reports. Roth Mkm initiated coverage on shares of Vertiv in a research report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price objective on the stock. Cowen restated a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Evercore ISI lowered their price target on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. Melius Research reaffirmed a "hold" rating and set a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Finally, Morgan Stanley dropped their price target on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Vertiv has a consensus rating of "Moderate Buy" and a consensus price target of $120.38.
Read Our Latest Report on VRT
Vertiv Price Performance
The business has a 50-day moving average price of $81.68 and a two-hundred day moving average price of $106.15. The firm has a market capitalization of $40.71 billion, a price-to-earnings ratio of 83.57, a PEG ratio of 1.07 and a beta of 1.70. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.
Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The firm had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the previous year, the company posted $0.43 EPS. The company's quarterly revenue was up 24.2% compared to the same quarter last year. As a group, research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.
Vertiv Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio is currently 8.72%.
Insider Buying and Selling at Vertiv
In related news, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the transaction, the insider now owns 18,847 shares in the company, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.01% of the company's stock.
Institutional Trading of Vertiv
A number of large investors have recently bought and sold shares of the business. SOA Wealth Advisors LLC. bought a new position in Vertiv in the fourth quarter worth approximately $26,000. GW&K Investment Management LLC purchased a new stake in shares of Vertiv during the 1st quarter valued at $26,000. SouthState Corp purchased a new stake in Vertiv during the first quarter worth about $27,000. OLD Second National Bank of Aurora bought a new position in shares of Vertiv during the 4th quarter valued at approximately $30,000. Finally, North Star Investment Management Corp. lifted its holdings in Vertiv by 4,120.0% during the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after purchasing an additional 412 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.
Vertiv Company Profile
(
Get Free Report)
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.
Further Reading
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