Vertiv (NYSE:VRT) Trading Up 2.8% – Here’s Why

Shares of Vertiv Holdings Co (NYSE:VRT) were up 2.8% on Wednesday . The stock traded as high as $126.59 and last traded at $125.06. Approximately 1,598,600 shares were traded during trading, a decline of 80% from the average daily volume of 8,125,830 shares. The stock had previously closed at $121.70.

Wall Street Analyst Weigh In

VRT has been the subject of a number of research reports. Oppenheimer increased their price objective on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Jefferies Financial Group started coverage on shares of Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective on the stock. Barclays started coverage on shares of Vertiv in a research report on Thursday. They issued an “equal weight” rating and a $142.00 target price for the company. Bank of America boosted their price target on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Citigroup raised their price objective on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $140.09.

Vertiv Price Performance

The company has a 50 day moving average price of $120.03 and a 200 day moving average price of $98.07. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $47.21 billion, a P/E ratio of 82.19, a P/E/G ratio of 1.29 and a beta of 1.61.

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

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.0375 per share. The ex-dividend date is Tuesday, December 3rd. This is an increase from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.12%. Vertiv’s dividend payout ratio (DPR) is 6.67%.

Insider Activity

In other news, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the sale, the insider now owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the transaction, the director now owns 3,425 shares in the company, valued at approximately $470,526.50. The trade was a 81.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is owned by insiders.

Institutional Investors Weigh In On Vertiv

Several institutional investors and hedge funds have recently bought and sold shares of the company. Blankinship & Foster LLC acquired a new stake in shares of Vertiv in the 3rd quarter valued at $8,798,000. Wilmington Savings Fund Society FSB acquired a new stake in Vertiv in the third quarter valued at about $584,000. World Investment Advisors LLC bought a new position in Vertiv in the third quarter valued at about $1,230,000. Sanctuary Advisors LLC lifted its holdings in shares of Vertiv by 170.2% in the third quarter. Sanctuary Advisors LLC now owns 47,179 shares of the company’s stock worth $4,694,000 after acquiring an additional 29,719 shares during the last quarter. Finally, Old West Investment Management LLC boosted its stake in shares of Vertiv by 44.1% in the 3rd quarter. Old West Investment Management LLC now owns 28,372 shares of the company’s stock valued at $2,823,000 after purchasing an additional 8,683 shares in the last quarter. 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.