Vertiv (NYSE:VRT) Trading 0.1% Higher - Here's What Happened

Vertiv Holdings Co (NYSE:VRT - Get Free Report) traded up 0.1% on Wednesday . The stock traded as high as $106.76 and last traded at $106.45. 1,168,592 shares traded hands during trading, a decline of 87% from the average session volume of 8,977,668 shares. The stock had previously closed at $106.39.

Wall Street Analyst Weigh In

VRT has been the subject of several recent research reports. Cowen reissued a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. The Goldman Sachs Group decreased their target price on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Barclays decreased their target price on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Finally, Roth Mkm assumed coverage on shares of Vertiv in a research report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price objective for the company. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $122.06.

Vertiv Stock Performance

The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The stock has a market cap of $39.73 billion, a PE ratio of 82.19, a PEG ratio of 1.07 and a beta of 1.70. The company's 50-day moving average price is $83.58 and its two-hundred day moving average price is $105.98.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm posted $0.43 EPS. The firm's revenue was up 24.2% compared to the same quarter last year. On average, equities research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders 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 dividend yield of 0.14%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio is currently 8.72%.

Insider Buying and Selling

In other news, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the transaction, the insider now directly owns 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.63% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Vertiv

Several hedge funds and other institutional investors have recently modified their holdings of the company. Foundations Investment Advisors LLC raised its stake in Vertiv by 7.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock worth $21,076,000 after buying an additional 13,559 shares in the last quarter. Empowered Funds LLC increased its position in shares of Vertiv by 67.0% during the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock valued at $1,043,000 after acquiring an additional 3,682 shares in the last quarter. Register Financial Advisors LLC purchased a new stake in Vertiv in the fourth quarter worth approximately $217,000. Ibex Wealth Advisors purchased a new stake in Vertiv in the fourth quarter worth approximately $7,583,000. Finally, PFG Investments LLC purchased a new stake in Vertiv in the fourth quarter worth approximately $617,000. 89.92% of the stock is owned by institutional investors.

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.

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