Vertiv (NYSE:VRT) Trading 3.6% Higher – Here’s Why

Vertiv Holdings Co. (NYSE:VRT) shares traded up 3.6% on Monday . The stock traded as high as $208.43 and last traded at $202.56. 7,398,547 shares were traded during mid-day trading, an increase of 39% from the average session volume of 5,316,410 shares. The stock had previously closed at $195.58.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VRT. JPMorgan Chase & Co. lowered their price objective on Vertiv from $230.00 to $225.00 and set an “overweight” rating for the company in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft set a $216.00 price objective on shares of Vertiv and gave the company a “buy” rating in a research note on Wednesday, October 15th. Citigroup increased their price target on shares of Vertiv from $198.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, December 8th. The Goldman Sachs Group boosted their price objective on shares of Vertiv from $182.00 to $204.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Finally, Wolfe Research downgraded Vertiv from an “outperform” rating to a “peer perform” rating in a report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $187.89.

Vertiv Trading Up 3.6%

The firm has a fifty day moving average of $174.64 and a 200-day moving average of $161.43. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.43 and a current ratio of 1.83. The stock has a market capitalization of $77.45 billion, a price-to-earnings ratio of 51.20, a P/E/G ratio of 1.20 and a beta of 2.08.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, November 25th were issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Tuesday, November 25th. This is an increase from Vertiv’s previous quarterly dividend of $0.04. Vertiv’s dividend payout ratio (DPR) is 9.43%.

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 5,501 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $170.48, for a total value of $937,810.48. Following the completion of the sale, the executive vice president owned 4,050 shares of the company’s stock, valued at $690,444. This trade represents a 57.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.01% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vertiv

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC grew its stake in shares of Vertiv by 25.9% during the first quarter. Empowered Funds LLC now owns 11,557 shares of the company’s stock valued at $834,000 after acquiring an additional 2,377 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Vertiv in the second quarter valued at about $567,000. DAVENPORT & Co LLC acquired a new stake in Vertiv during the 2nd quarter valued at approximately $270,000. Blair William & Co. IL increased its holdings in Vertiv by 5.9% during the 2nd quarter. Blair William & Co. IL now owns 43,259 shares of the company’s stock worth $5,555,000 after purchasing an additional 2,405 shares during the last quarter. Finally, IFP Advisors Inc raised its position in shares of Vertiv by 120.8% in the 2nd quarter. IFP Advisors Inc now owns 12,602 shares of the company’s stock valued at $1,618,000 after purchasing an additional 6,895 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

About Vertiv

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.