Vertiv (NYSE:VRT) Trading 2.3% Higher – What’s Next?

Vertiv Holdings Co (NYSE:VRT) shares traded up 2.3% during mid-day trading on Wednesday . The company traded as high as $128.71 and last traded at $126.61. 1,579,869 shares changed hands during trading, a decline of 81% from the average session volume of 8,182,256 shares. The stock had previously closed at $123.81.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on VRT shares. UBS Group initiated coverage on Vertiv in a report on Wednesday. They issued a “buy” rating and a $155.00 price objective for the company. TD Cowen boosted their price target on shares of Vertiv from $93.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Citigroup increased their price objective on shares of Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Bank of America boosted their price objective on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group dropped their target price on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vertiv has an average rating of “Buy” and an average price target of $125.40.

Vertiv Stock Down 2.8 %

The stock has a market cap of $45.44 billion, a PE ratio of 80.71, a P/E/G ratio of 1.35 and a beta of 1.58. The business has a 50 day moving average price of $103.47 and a 200 day moving average price of $93.30. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the company earned $0.52 earnings per share. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. Equities research analysts expect that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.08%. Vertiv’s dividend payout ratio (DPR) is 6.67%.

Insiders Place Their Bets

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the completion of the transaction, the insider now owns 10,542 shares of the company’s stock, valued at $843,254.58. This represents a 80.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.01% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new position in shares of Vertiv in the first quarter worth about $372,000. US Bancorp DE increased its holdings in shares of Vertiv by 25.7% in the first quarter. US Bancorp DE now owns 14,412 shares of the company’s stock valued at $1,177,000 after purchasing an additional 2,951 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Vertiv by 0.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 310,004 shares of the company’s stock worth $25,318,000 after buying an additional 2,084 shares in the last quarter. Blair William & Co. IL acquired a new position in Vertiv during the first quarter worth $284,000. Finally, Pinkerton Retirement Specialists LLC purchased a new position in shares of Vertiv during the 1st quarter worth $248,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

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.