Vertiv (NYSE:VRT) Shares Up 0.3%

Vertiv Holdings Co (NYSE:VRT)’s share price shot up 0.3% during mid-day trading on Thursday . The stock traded as high as $88.12 and last traded at $87.27. 1,299,205 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 8,371,013 shares. The stock had previously closed at $87.01.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VRT. Evercore ISI increased their price objective on shares of Vertiv from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, June 14th. Mizuho raised their target price on shares of Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. JPMorgan Chase & Co. raised their target price on shares of Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Bank of America raised their target price on shares of Vertiv from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Finally, The Goldman Sachs Group raised their target price on shares of Vertiv from $103.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, May 17th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.11.

Vertiv Trading Down 0.4 %

The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 2.09. The firm has a market cap of $32.39 billion, a PE ratio of 83.19, a P/E/G ratio of 1.26 and a beta of 1.56. The company’s 50-day moving average is $94.05 and its 200 day moving average is $74.23.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 EPS. As a group, sell-side analysts predict that Vertiv Holdings Co will post 2.43 EPS for the current year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Monday, June 17th were given a $0.025 dividend. The ex-dividend date was Monday, June 17th. This represents a $0.10 dividend on an annualized basis and a yield of 0.12%. Vertiv’s payout ratio is 9.62%.

Insiders Place Their Bets

In other Vertiv news, Director Doherty Philip O’ sold 9,529 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $109.30, for a total value of $1,041,519.70. Following the completion of the sale, the director now owns 6,882,859 shares in the company, valued at approximately $752,296,488.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Vertiv news, Director Doherty Philip O’ sold 9,529 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $109.30, for a total value of $1,041,519.70. Following the completion of the sale, the director now owns 6,882,859 shares in the company, valued at approximately $752,296,488.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Roger Fradin sold 16,667 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $103.86, for a total transaction of $1,731,034.62. Following the transaction, the director now owns 218,333 shares in the company, valued at approximately $22,676,065.38. The disclosure for this sale can be found here. Insiders sold a total of 4,162,739 shares of company stock worth $400,713,362 in the last quarter. 5.01% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in Vertiv by 22.3% in the 1st quarter. GAMMA Investing LLC now owns 653 shares of the company’s stock valued at $53,000 after buying an additional 119 shares during the last quarter. Lindbrook Capital LLC grew its position in Vertiv by 33.2% in the 1st quarter. Lindbrook Capital LLC now owns 550 shares of the company’s stock worth $45,000 after purchasing an additional 137 shares during the last quarter. Quadrant Capital Group LLC grew its position in Vertiv by 24.7% in the 4th quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock worth $41,000 after purchasing an additional 170 shares during the last quarter. Farmers & Merchants Investments Inc. grew its position in Vertiv by 66.7% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 500 shares of the company’s stock worth $41,000 after purchasing an additional 200 shares during the last quarter. Finally, Simon Quick Advisors LLC grew its position in Vertiv by 1.0% in the 4th quarter. Simon Quick Advisors LLC now owns 20,065 shares of the company’s stock worth $964,000 after purchasing an additional 205 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.