Vertiv (NYSE:VRT) Trading 5.3% Higher Following Analyst Upgrade

Vertiv Holdings Co. (NYSE:VRT - Get Free Report) rose 5.3% during mid-day trading on Thursday 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 $133.52 and last traded at $132.10. Approximately 3,662,822 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 8,589,868 shares. The stock had previously closed at $125.40.

Other analysts have also issued reports about the company. Evercore ISI reissued an "outperform" rating on shares of Vertiv in a report on Thursday, July 10th. 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. Wall Street Zen raised shares of Vertiv from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Finally, Roth Mkm started coverage on shares of Vertiv in a report on Tuesday, April 8th. They set a "buy" rating and a $75.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $136.76.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the transaction, the insider directly owned 18,847 shares in the company, valued at $1,777,837.51. The trade was a 22.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Stephen Liang sold 43,683 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the transaction, the executive vice president owned 9,551 shares in the company, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.01% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA acquired a new position in Vertiv in the fourth quarter worth about $597,379,000. Norges Bank acquired a new stake in shares of Vertiv during the fourth quarter worth approximately $391,777,000. Amundi grew its stake in shares of Vertiv by 96.8% during the first quarter. Amundi now owns 6,951,773 shares of the company's stock valued at $469,490,000 after purchasing an additional 3,420,144 shares during the last quarter. 1832 Asset Management L.P. grew its stake in shares of Vertiv by 985.3% during the first quarter. 1832 Asset Management L.P. now owns 2,301,700 shares of the company's stock valued at $166,183,000 after purchasing an additional 2,089,612 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Vertiv by 136.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock valued at $379,101,000 after purchasing an additional 1,928,275 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Price Performance

The company has a debt-to-equity ratio of 1.09, a current ratio of 1.72 and a quick ratio of 1.28. The company's 50 day moving average price is $116.14 and its 200 day moving average price is $103.98. The firm has a market capitalization of $49.23 billion, a P/E ratio of 75.10, a PEG ratio of 1.28 and a beta of 1.75.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results 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. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The business's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share. As a group, sell-side analysts anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were issued a dividend of $0.0375 per share. This represents a dividend yield of 0.14%. This is a positive change from Vertiv's previous dividend of $0.01. The ex-dividend date of this dividend was Monday, June 16th. Vertiv's dividend payout ratio (DPR) is presently 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.