Vertiv (NYSE:VRT) Shares Up 3.5% on Analyst Upgrade

Vertiv Holdings Co (NYSE:VRT)’s share price traded up 3.5% during trading on Friday after Mizuho raised their price target on the stock from $56.00 to $95.00. Mizuho currently has a neutral rating on the stock. Vertiv traded as high as $95.32 and last traded at $93.47. 6,618,640 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 8,032,330 shares. The stock had previously closed at $90.35.

VRT has been the topic of several other reports. Evercore ISI lifted their target price on shares of Vertiv from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday. Oppenheimer raised their price target on shares of Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday. Citigroup boosted their price objective on shares of Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday. Bank of America raised their target price on Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, JPMorgan Chase & Co. upped their price target on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $81.11.

Insider Activity at Vertiv

In other Vertiv news, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the sale, the executive vice president now directly owns 51,841 shares in the company, valued at $3,641,311.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Stephen Liang sold 306,196 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the transaction, the executive vice president now owns 51,841 shares in the company, valued at $3,641,311.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott Cripps sold 56,594 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $70.76, for a total value of $4,004,591.44. The disclosure for this sale can be found here. 5.62% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vertiv

Several hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in Vertiv by 22.3% during the 1st quarter. GAMMA Investing LLC now owns 653 shares of the company’s stock worth $53,000 after acquiring 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 in the last quarter. Quadrant Capital Group LLC increased its stake in Vertiv by 24.7% in the 4th quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock valued at $41,000 after buying an additional 170 shares during the last quarter. Farmers & Merchants Investments Inc. increased its stake in Vertiv by 66.7% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 500 shares of the company’s stock valued at $41,000 after buying an additional 200 shares during the last quarter. Finally, Simon Quick Advisors LLC lifted its position in shares of Vertiv by 1.0% during the 4th quarter. Simon Quick Advisors LLC now owns 20,065 shares of the company’s stock worth $964,000 after buying an additional 205 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

The stock has a market cap of $35.71 billion, a PE ratio of 89.89, a P/E/G ratio of 1.37 and a beta of 1.59. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.35 and a current ratio of 1.74. The business has a 50 day moving average price of $76.51 and a two-hundred day moving average price of $57.47.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.06. Vertiv had a return on equity of 42.43% and a net margin of 5.79%. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. Research analysts expect that Vertiv Holdings Co will post 2.31 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were issued a dividend of $0.025 per share. The ex-dividend date was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a yield of 0.11%. Vertiv’s dividend payout ratio (DPR) is presently 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.