Vertiv (NYSE:VRT) Trading Up 1.5% on Analyst Upgrade

Vertiv Holdings Co. (NYSE:VRT - Get Free Report)'s share price traded up 1.5% on Wednesday after Barclays raised their price target on the stock from $90.00 to $110.00. Barclays currently has an equal weight rating on the stock. Vertiv traded as high as $129.10 and last traded at $127.72. 1,296,997 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 8,516,128 shares. The stock had previously closed at $125.89.

Other analysts have also issued research reports about the stock. Melius upgraded shares of Vertiv from a "hold" rating to a "buy" rating and set a $165.00 target price on the stock in a research report on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. The Goldman Sachs Group lifted their price target on shares of Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Roth Mkm initiated coverage on shares of Vertiv in a report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price target on the stock. Finally, Wall Street Zen upgraded shares of Vertiv from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $134.24.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the 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 completion of the sale, the insider owned 18,847 shares of the company's stock, valued at $1,777,837.51. This represents a 22.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the 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 sale, the executive vice president directly owned 9,551 shares of the company's stock, valued at $1,106,292.33. The trade was a 82.06% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vertiv

Institutional investors and hedge funds have recently modified their holdings of the stock. Garde Capital Inc. lifted its position in shares of Vertiv by 1,886.7% in the 2nd quarter. Garde Capital Inc. now owns 298 shares of the company's stock worth $38,000 after purchasing an additional 283 shares during the period. Colonial Trust Co SC lifted its position in shares of Vertiv by 211.9% in the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after purchasing an additional 214 shares during the period. Ameriflex Group Inc. purchased a new stake in shares of Vertiv in the 4th quarter worth about $37,000. GW&K Investment Management LLC purchased a new stake in shares of Vertiv in the 1st quarter worth about $26,000. Finally, TD Private Client Wealth LLC lifted its position in shares of Vertiv by 150.7% in the 4th quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock worth $42,000 after purchasing an additional 223 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Stock Performance

The company's 50-day moving average price is $112.86 and its 200 day moving average price is $103.76. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72. The stock has a market capitalization of $47.03 billion, a PE ratio of 71.75, a PEG ratio of 1.20 and a beta of 1.75.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. The company had revenue of $2.04 billion during 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%. Vertiv's quarterly revenue was up 24.2% compared to the same quarter last year. During the same period last year, the business earned $0.43 EPS. On average, equities research analysts expect that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were paid a $0.0375 dividend. 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.