Shares of Vertiv Holdings Co. (NYSE:VRT - Get Free Report) traded up 3.4% during mid-day trading on Friday . The company traded as high as $136.39 and last traded at $135.28. 3,073,075 shares were traded during trading, a decline of 67% from the average session volume of 9,375,191 shares. The stock had previously closed at $130.87.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on VRT. Citigroup boosted their target price on Vertiv from $130.00 to $149.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. UBS Group restated a "buy" rating on shares of Vertiv in a research note on Friday, July 11th. JPMorgan Chase & Co. boosted their target price on Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Roth Capital upgraded Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Finally, Cowen restated a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. Three investment 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 stock. According to MarketBeat.com, Vertiv currently has a consensus rating of "Buy" and an average price target of $136.76.
View Our Latest Research Report on Vertiv
Vertiv Price Performance
The business's fifty day simple moving average is $117.96 and its 200-day simple moving average is $104.28. The company has a current ratio of 1.72, a quick ratio of 1.28 and a debt-to-equity ratio of 1.09. The firm has a market cap of $52.21 billion, a P/E ratio of 79.72, a PEG ratio of 1.29 and a beta of 1.75.
Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (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 analysts' expectations of $1.94 billion. During the same quarter in the previous year, the firm posted $0.43 EPS. The business's revenue for the quarter was up 24.2% compared to the same quarter last year. As a group, 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 a boost from Vertiv's previous dividend of $0.01. The ex-dividend date of this dividend was Monday, June 16th. This represents a yield of 0.14%. Vertiv's payout ratio is presently 8.72%.
Insider Buying and Selling at Vertiv
In other 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 transaction, the insider owned 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the completion of the transaction, the executive vice president directly owned 9,551 shares in the company, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.63% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Presidio Capital Management LLC increased its holdings in shares of Vertiv by 1.3% in the second quarter. Presidio Capital Management LLC now owns 6,010 shares of the company's stock worth $772,000 after purchasing an additional 80 shares during the period. Horizon Investment Services LLC grew its position in Vertiv by 4.1% in the fourth quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock worth $274,000 after acquiring an additional 95 shares in the last quarter. Grandview Asset Management LLC grew its position in Vertiv by 2.8% in the second quarter. Grandview Asset Management LLC now owns 3,536 shares of the company's stock worth $454,000 after acquiring an additional 96 shares in the last quarter. Focus Partners Advisor Solutions LLC grew its position in Vertiv by 3.1% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company's stock worth $367,000 after acquiring an additional 97 shares in the last quarter. Finally, Utah Retirement Systems grew its position in Vertiv by 0.3% in the fourth quarter. Utah Retirement Systems now owns 39,300 shares of the company's stock worth $4,465,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 89.92% of the company's stock.
Vertiv Company Profile
(
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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