Vertiv (NYSE:VRT) Trading 2% Higher Following Analyst Upgrade

Vertiv Holdings Co. (NYSE:VRT - Get Free Report) traded up 2% during trading on Tuesday after Oppenheimer raised their price target on the stock from $132.00 to $140.00. Oppenheimer currently has an outperform rating on the stock. Vertiv traded as high as $129.44 and last traded at $127.17. 2,572,656 shares changed hands during trading, a decline of 70% from the average session volume of 8,587,000 shares. The stock had previously closed at $124.72.

Other equities research analysts have also issued research reports about the stock. Mizuho set a $150.00 price target on shares of Vertiv and gave the company an "outperform" rating in a research report on Wednesday. Evercore ISI reissued an "outperform" rating on shares of Vertiv in a report on Thursday, July 10th. Barclays increased their target price on shares of Vertiv from $90.00 to $110.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. KGI Securities initiated coverage on shares of Vertiv in a report on Thursday, April 24th. They issued a "hold" rating for the company. Finally, Bank of America increased their target price on shares of Vertiv from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $136.76.

Insider Buying and Selling

In related news, EVP Stephen Liang sold 43,683 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $115.83, for a total value of $5,059,801.89. Following the completion of the sale, the executive vice president directly owned 9,551 shares in the company, valued at $1,106,292.33. This trade represents a 82.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the sale, the insider owned 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vertiv

Large investors have recently added to or reduced their stakes in the stock. GW&K Investment Management LLC purchased a new stake in Vertiv in the 1st quarter valued at about $26,000. SouthState Corp purchased a new position in shares of Vertiv during the first quarter valued at $27,000. North Star Investment Management Corp. increased its stake in shares of 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 buying an additional 412 shares during the period. Sachetta LLC increased its stake in shares of Vertiv by 242.0% during the first quarter. Sachetta LLC now owns 448 shares of the company's stock valued at $32,000 after buying an additional 317 shares during the period. Finally, Banque Transatlantique SA purchased a new position in shares of Vertiv during the first quarter valued at $33,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Stock Performance

The stock has a market cap of $49.98 billion, a PE ratio of 76.25, a price-to-earnings-growth ratio of 1.25 and a beta of 1.75. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 1.09. The firm has a 50 day moving average price of $115.44 and a 200 day moving average price of $104.03.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The firm'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 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were given a $0.0375 dividend. This represents a yield of 0.14%. The ex-dividend date of this dividend was Monday, June 16th. This is a positive change from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio is currently 8.72%.

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.