Shares of Vertiv Holdings Co. (NYSE:VRT - Get Free Report) were down 1.7% on Tuesday . The company traded as low as $119.10 and last traded at $124.10. Approximately 2,879,317 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 8,523,661 shares. The stock had previously closed at $126.21.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on VRT shares. Evercore ISI reiterated an "outperform" rating on shares of Vertiv in a report on Thursday, July 10th. Roth Capital upgraded Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Barclays boosted their price objective on Vertiv from $90.00 to $110.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Morgan Stanley decreased their price objective on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Mizuho boosted their price objective on Vertiv from $125.00 to $150.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Vertiv has an average rating of "Buy" and a consensus target price of $136.76.
Get Our Latest Stock Report on VRT
Vertiv Price Performance
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 business has a 50-day moving average price of $118.59 and a 200 day moving average price of $104.33. The stock has a market cap of $52.41 billion, a PE ratio of 79.96, a PEG ratio of 1.30 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 EPS for the quarter, beating 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 firm 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 earned $0.43 EPS. The business's revenue for the quarter was up 24.2% compared to the same quarter last year. As a group, research analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.
Vertiv Increases Dividend
The business also recently disclosed a dividend, which was paid on Thursday, June 26th. Investors 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 was Monday, June 16th. This represents a yield of 0.14%. Vertiv's dividend payout ratio is 8.72%.
Insider Transactions at Vertiv
In related news, insider Karsten Winther sold 5,500 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $115.83, for a total value 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 position. The disclosure for this sale can be found here. Corporate insiders own 2.63% of the company's stock.
Institutional Trading of Vertiv
Several institutional investors and hedge funds have recently modified their holdings of the business. GW&K Investment Management LLC bought a new position in Vertiv during the 1st quarter worth approximately $26,000. SouthState Corp purchased a new stake in Vertiv in the 1st quarter worth approximately $27,000. North Star Investment Management Corp. lifted its holdings in Vertiv by 4,120.0% in the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after buying an additional 412 shares during the period. Sachetta LLC lifted its holdings in Vertiv by 242.0% in the 1st quarter. Sachetta LLC now owns 448 shares of the company's stock worth $32,000 after buying an additional 317 shares during the period. Finally, Banque Transatlantique SA purchased a new stake in Vertiv in the 1st quarter worth approximately $33,000. Hedge funds and other 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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