Vertiv (NYSE:VRT) Shares Up 3.3%

Vertiv Holdings Co (NYSE:VRT) shares shot up 3.3% during mid-day trading on Monday . The company traded as high as $97.28 and last traded at $96.04. 2,437,016 shares traded hands during trading, a decline of 70% from the average session volume of 8,157,008 shares. The stock had previously closed at $93.01.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Oppenheimer raised their target price on shares of Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Evercore ISI raised their target price on shares of Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Mizuho raised their target price on shares of Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Finally, Citigroup raised their target price on shares of Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, April 25th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.11.

Vertiv Stock Performance

The company has a market capitalization of $36.41 billion, a P/E ratio of 92.35, a P/E/G ratio of 1.41 and a beta of 1.55. The business has a 50-day moving average of $79.56 and a 200-day moving average of $59.54. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 0.98.

Vertiv (NYSE:VRT) last released its earnings results 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 44.95% and a net margin of 5.79%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the company earned $0.24 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Vertiv Holdings Co will post 2.42 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.025 per share. The ex-dividend date was Monday, March 18th. This represents a $0.10 annualized dividend and a dividend yield of 0.10%. Vertiv’s dividend payout ratio (DPR) is 9.62%.

Insider Transactions at Vertiv

In related news, Director Doherty Philip O’ sold 2,511,295 shares of Vertiv stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $93.64, for a total value of $235,157,663.80. Following the completion of the sale, the director now directly owns 9,324,181 shares in the company, valued at $873,116,308.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $70.76, for a total value of $4,004,591.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Doherty Philip O’ sold 2,511,295 shares of Vertiv stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $93.64, for a total value of $235,157,663.80. Following the completion of the transaction, the director now owns 9,324,181 shares in the company, valued at approximately $873,116,308.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,362,790 shares of company stock worth $306,451,347. 5.62% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vertiv

Several institutional investors and hedge funds have recently added to or reduced their stakes in VRT. First Horizon Advisors Inc. grew its stake in shares of Vertiv by 161.7% during the third quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock worth $25,000 after acquiring an additional 409 shares during the last quarter. Bogart Wealth LLC purchased a new stake in shares of Vertiv during the first quarter worth about $25,000. GAMMA Investing LLC purchased a new stake in shares of Vertiv during the fourth quarter worth about $26,000. Raleigh Capital Management Inc. grew its stake in shares of Vertiv by 79.0% during the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock worth $27,000 after acquiring an additional 252 shares during the last quarter. Finally, Atticus Wealth Management LLC purchased a new stake in shares of Vertiv during the first quarter worth about $27,000. Hedge funds and other 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.