Shares of Vertiv Holdings Co (NYSE:VRT - Get Free Report) shot up 6.1% on Monday . The stock traded as high as $101.75 and last traded at $99.77. 3,723,912 shares were traded during trading, a decline of 59% from the average session volume of 8,993,034 shares. The stock had previously closed at $94.06.
Analyst Ratings Changes
Several brokerages have recently weighed in on VRT. Cowen reissued a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Roth Mkm began coverage on shares of Vertiv in a research report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price target on the stock. Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target on the stock. in a research report on Tuesday, January 28th. Morgan Stanley lowered their price target on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, Citigroup lowered their price target on Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a report on Monday, April 14th. Five equities research 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $120.38.
View Our Latest Research Report on Vertiv
Vertiv Price Performance
The company's 50 day moving average is $80.47 and its 200 day moving average is $106.22. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $38.48 billion, a price-to-earnings ratio of 78.88, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70.
Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS 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 analyst estimates of $1.94 billion. During the same period last year, the business earned $0.43 EPS. Vertiv's revenue for the quarter was up 24.2% compared to the same quarter last year. Research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.
Vertiv Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were given a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.15%. Vertiv's dividend payout ratio (DPR) is 8.72%.
Insider Activity at Vertiv
In related news, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the sale, the insider now owns 18,847 shares in the company, valued at $1,777,837.51. This represents a 22.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.63% of the stock is owned by insiders.
Institutional Investors Weigh In On Vertiv
Several hedge funds have recently modified their holdings of VRT. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv during the fourth quarter worth $26,000. GW&K Investment Management LLC purchased a new stake in shares of Vertiv in the first quarter valued at approximately $26,000. OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv in the fourth quarter valued at approximately $30,000. North Star Investment Management Corp. boosted its stake in shares of Vertiv by 4,120.0% in 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 in the last quarter. Finally, Sachetta LLC boosted its stake in shares of Vertiv by 242.0% in the first quarter. Sachetta LLC now owns 448 shares of the company's stock valued at $32,000 after buying an additional 317 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.
About Vertiv
(
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.
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