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

Vertiv Holdings Co. (NYSE:VRT - Get Free Report)'s share price was up 1.6% during mid-day trading on Monday 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 $124.99 and last traded at $125.27. Approximately 1,659,970 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 8,592,462 shares. The stock had previously closed at $123.30.

Other research analysts have also issued reports about the company. Wall Street Zen upgraded Vertiv from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st. Melius Research raised Vertiv from a "hold" rating to a "strong-buy" rating and lifted their target price for the company from $134.00 to $165.00 in a research report on Tuesday, July 8th. Barclays lifted their price objective on shares of Vertiv from $90.00 to $110.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. 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. Finally, Evercore ISI reaffirmed an "outperform" rating on shares of Vertiv in a research report on Thursday, July 10th. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $136.76.

Insider Activity

In other news, EVP Stephen Liang sold 43,683 shares of the firm's stock in a transaction that occurred 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 directly owned 9,551 shares in the company, valued at approximately $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 accessible through this link. Also, 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 transaction of $518,815.00. Following the completion of the sale, the insider owned 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vertiv

Several hedge funds have recently modified their holdings of the stock. LexAurum Advisors LLC purchased a new stake in shares of Vertiv in the second quarter valued at about $374,000. Venture Visionary Partners LLC boosted its holdings in Vertiv by 22.5% in the 2nd quarter. Venture Visionary Partners LLC now owns 43,451 shares of the company's stock valued at $5,580,000 after purchasing an additional 7,983 shares in the last quarter. Smith Anglin Financial LLC acquired a new position in Vertiv during the 2nd quarter worth approximately $204,000. Enclave Advisors LLC purchased a new stake in shares of Vertiv in the second quarter valued at approximately $373,000. Finally, Washington Capital Management Inc. acquired a new position in Vertiv during the second quarter worth $487,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Price Performance

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's fifty day moving average price is $114.73 and its 200-day moving average price is $103.93. The firm has a market cap of $49.98 billion, a PE ratio of 76.25, a P/E/G ratio of 1.27 and a beta of 1.75.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The business had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the prior year, the firm posted $0.43 EPS. The company's revenue was up 24.2% compared to the same quarter last year. As a group, equities analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

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