Vertiv (NYSE:VRT) Trading 1.6% Higher After Analyst Upgrade

Vertiv Holdings Co. (NYSE:VRT - Get Free Report)'s stock price traded up 1.6% during mid-day trading on Monday after Citigroup raised their price target on the stock from $130.00 to $149.00. Citigroup currently has a buy rating on the stock. Vertiv traded as high as $124.99 and last traded at $125.27. 1,659,970 shares were traded during mid-day trading, a decline of 81% from the average session volume of 8,592,462 shares. The stock had previously closed at $123.30.

Several other research firms have also recently commented on VRT. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. The Goldman Sachs Group reissued a "buy" rating on shares of Vertiv in a research note on Friday. Wall Street Zen raised shares of Vertiv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 21st. JPMorgan Chase & Co. increased their price target on shares of Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Finally, Wolfe Research reissued an "outperform" rating and set a $155.00 price target on shares of Vertiv in a research note on Thursday. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Vertiv has a consensus rating of "Buy" and an average price target of $135.35.

Insider Buying and Selling at Vertiv

In related news, EVP Stephen Liang sold 43,683 shares of the firm'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 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 legal filing with the SEC, which is available at 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 transaction of $518,815.00. Following the sale, the insider owned 18,847 shares in the company, valued at approximately $1,777,837.51. The trade was a 22.59% 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 hedge funds have recently added to or reduced their stakes in the business. Schroder Investment Management Group increased its stake in shares of Vertiv by 95.3% during the 4th quarter. Schroder Investment Management Group now owns 1,167,536 shares of the company's stock worth $135,621,000 after purchasing an additional 569,722 shares during the last quarter. Bedell Frazier Investment Counselling LLC acquired a new position in shares of Vertiv during the 4th quarter worth about $415,000. Ibex Wealth Advisors increased its stake in shares of Vertiv by 10.5% during the 1st quarter. Ibex Wealth Advisors now owns 73,739 shares of the company's stock worth $5,324,000 after purchasing an additional 6,989 shares during the last quarter. Gallo Partners LP acquired a new position in shares of Vertiv during the 4th quarter worth about $1,826,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in shares of Vertiv during the 4th quarter worth about $597,379,000. Institutional investors own 89.92% of the company's stock.

Vertiv Stock Up 0.9%

The company has a market capitalization of $47.41 billion, a price-to-earnings ratio of 72.44, a price-to-earnings-growth ratio of 1.23 and a beta of 1.75. The firm's 50 day moving average price is $112.86 and its two-hundred day moving average price is $103.55. The company has a current ratio of 1.72, a quick ratio of 1.28 and a debt-to-equity ratio of 1.09.

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, beating analysts' consensus estimates of $0.62 by $0.02. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the business earned $0.43 EPS. Vertiv's quarterly revenue was up 24.2% on a year-over-year basis. Sell-side analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a yield of 0.14%. This is an increase from Vertiv's previous dividend of $0.01. Vertiv's 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.

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