Vertiv (VRT) to Release Earnings on Wednesday

Vertiv (NYSE:VRT - Get Free Report) is anticipated to post its quarterly earnings results before the market opens on Wednesday, February 12th. Analysts expect Vertiv to post earnings of $0.84 per share and revenue of $2.16 billion for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Vertiv Stock Performance

Shares of Vertiv stock traded up $1.86 during trading on Friday, hitting $121.42. 6,035,907 shares of the stock were exchanged, compared to its average volume of 10,545,410. The stock's fifty day moving average is $124.39 and its 200 day moving average is $107.10. The stock has a market cap of $45.57 billion, a PE ratio of 80.95, a P/E/G ratio of 0.94 and a beta of 1.64. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. Vertiv has a 12 month low of $55.00 and a 12 month high of $155.84.

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. This is a positive change from Vertiv's previous quarterly dividend of $0.03. Vertiv's dividend payout ratio is currently 6.67%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on VRT shares. Bank of America upped their price objective on shares of Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Fox Advisors assumed coverage on shares of Vertiv in a report on Monday, January 6th. They issued an "equal weight" rating for the company. Barclays started coverage on shares of Vertiv in a research note on Thursday, December 12th. They set an "equal weight" rating and a $142.00 price objective for the company. Oppenheimer upped their target price on Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Finally, Morgan Stanley started coverage on Vertiv in a report on Monday, January 6th. They issued an "overweight" rating and a $150.00 target price on the stock. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $139.36.

Insider Transactions at Vertiv

In related news, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the sale, the director now owns 3,425 shares in the company, valued at approximately $470,526.50. This represents a 81.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the sale, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock worth $23,105,682 in the last 90 days. Corporate insiders own 5.01% of the company's stock.

About Vertiv

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.