Vertiv (NYSE:VRT) Stock Price Up 1.4%

Vertiv Holdings Co (NYSE:VRT) shares shot up 1.4% on Friday . The company traded as high as $94.88 and last traded at $93.44. 1,736,153 shares were traded during trading, a decline of 79% from the average session volume of 8,187,614 shares. The stock had previously closed at $92.17.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VRT. Citigroup upped their price objective on shares of Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Oppenheimer upped their target price on Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Bank of America lifted their price target on Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, March 18th. JPMorgan Chase & Co. upped their price objective on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Finally, Evercore ISI lifted their target price on Vertiv from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $81.11.

Vertiv Price Performance

The business’s 50 day moving average is $79.56 and its two-hundred day moving average is $59.26. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.35 and a current ratio of 1.34. The firm has a market capitalization of $35.53 billion, a PE ratio of 89.43, a price-to-earnings-growth ratio of 1.39 and a beta of 1.55.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Vertiv had a return on equity of 44.95% 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 prior year, the firm posted $0.24 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts anticipate that Vertiv Holdings Co will post 2.42 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently announced 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. This represents a $0.10 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date was Monday, March 18th. Vertiv’s dividend payout ratio (DPR) is presently 9.62%.

Insider Buying and Selling at Vertiv

In other Vertiv news, EVP Stephen Liang sold 306,196 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 51,841 shares in the company, valued at approximately $3,641,311.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Vertiv news, CAO Scott Cripps sold 56,594 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $70.76, for a total value of $4,004,591.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen Liang sold 306,196 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the completion of the sale, the executive vice president now owns 51,841 shares of the company’s stock, valued at $3,641,311.84. The disclosure for this sale can be found here. Insiders sold a total of 3,362,790 shares of company stock valued at $306,451,347 in the last three months. Company insiders own 5.62% of the company’s stock.

Institutional Trading of Vertiv

Several hedge funds have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC bought a new stake in shares of Vertiv in the third quarter worth about $2,241,000. Cambridge Investment Research Advisors Inc. grew its position in shares of Vertiv by 5.6% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 48,099 shares of the company’s stock worth $1,789,000 after buying an additional 2,548 shares during the last quarter. Xponance Inc. increased its stake in shares of Vertiv by 4.1% during the third quarter. Xponance Inc. now owns 14,558 shares of the company’s stock valued at $542,000 after buying an additional 577 shares during the period. Raymond James & Associates raised its holdings in shares of Vertiv by 255.0% during the third quarter. Raymond James & Associates now owns 67,375 shares of the company’s stock valued at $2,506,000 after acquiring an additional 48,396 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Vertiv by 71.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 24,165 shares of the company’s stock worth $899,000 after acquiring an additional 10,031 shares during the period. 89.92% of the stock is owned by institutional investors.

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.