Vertiv (NYSE:VRT) Trading 2.7% Higher Following Analyst Upgrade

Vertiv Holdings Co (NYSE:VRT) shares traded up 2.7% during mid-day trading on Thursday after Mizuho raised their price target on the stock from $92.00 to $110.00. Mizuho currently has an outperform rating on the stock. Vertiv traded as high as $116.19 and last traded at $114.76. 3,331,641 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 8,339,720 shares. The stock had previously closed at $111.69.

A number of other equities analysts also recently issued reports on the company. TD Cowen upped their price target on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Jefferies Financial Group started coverage on Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective for the company. Bank of America boosted their price objective on Vertiv from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday. Evercore ISI boosted their price objective on Vertiv from $105.00 to $125.00 and gave the company an “outperform” rating in a research note on Monday, October 7th. Finally, The Goldman Sachs Group reduced their price objective on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, Vertiv presently has an average rating of “Buy” and an average target price of $112.44.

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of the company’s 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 sale, the insider now owns 10,542 shares in the company, valued at $843,254.58. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.01% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VRT. Vanguard Group Inc. raised its position in Vertiv by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 31,855,473 shares of the company’s stock worth $1,530,018,000 after acquiring an additional 226,716 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Vertiv by 296.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,205 shares of the company’s stock worth $634,000 after acquiring an additional 9,870 shares in the last quarter. GAMMA Investing LLC raised its position in Vertiv by 22.3% in the first quarter. GAMMA Investing LLC now owns 653 shares of the company’s stock worth $53,000 after acquiring an additional 119 shares in the last quarter. Banque Cantonale Vaudoise raised its position in Vertiv by 183.2% in the first quarter. Banque Cantonale Vaudoise now owns 27,758 shares of the company’s stock worth $2,267,000 after acquiring an additional 17,958 shares in the last quarter. Finally, Hummer Financial Advisory Services Inc purchased a new position in Vertiv in the first quarter worth $286,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. The company has a market cap of $42.78 billion, a price-to-earnings ratio of 109.88, a price-to-earnings-growth ratio of 1.42 and a beta of 1.59. The company has a fifty day simple moving average of $89.49 and a two-hundred day simple moving average of $88.98.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.10. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. Vertiv’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 earnings per share. On average, equities research analysts anticipate that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s dividend payout ratio (DPR) is 9.62%.

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.