Vertiv (NYSE:VRT) Shares Up 4.6%

Shares of Vertiv Holdings Co (NYSE:VRT) shot up 4.6% during trading on Tuesday . The company traded as high as $85.99 and last traded at $85.73. 3,158,086 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 7,355,358 shares. The stock had previously closed at $81.95.

Analyst Ratings Changes

A number of brokerages recently commented on VRT. Mizuho raised their price target on Vertiv from $50.00 to $56.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Citigroup raised their price target on Vertiv from $49.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. The Goldman Sachs Group raised their price objective on Vertiv from $46.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, November 30th. JPMorgan Chase & Co. boosted their target price on shares of Vertiv from $53.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Finally, Bank of America boosted their target price on shares of Vertiv from $80.00 to $90.00 and gave the company a “buy” rating in a report on Monday, March 18th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.38.

Vertiv Trading Up 0.8 %

The stock has a 50-day simple moving average of $65.71 and a two-hundred day simple moving average of $50.67. 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 firm has a market cap of $31.19 billion, a PE ratio of 68.65, a price-to-earnings-growth ratio of 1.32 and a beta of 1.57.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 21st. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. Vertiv had a return on equity of 39.46% and a net margin of 6.71%. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the firm earned $0.28 EPS. Vertiv’s revenue was up 12.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Vertiv Holdings Co will post 2.35 EPS for the current year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Tuesday, March 19th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.12%. Vertiv’s dividend payout ratio (DPR) is presently 8.47%.

Insider Activity at Vertiv

In related news, CAO Scott Cripps sold 56,594 shares of the business’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 transaction of $4,004,591.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Scott Cripps sold 56,594 shares of the business’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 transaction of $4,004,591.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen Liang sold 306,196 shares of the company’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 value of $21,507,207.04. Following the completion of the transaction, 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. 5.62% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VRT. First Horizon Advisors Inc. boosted its position in shares of Vertiv by 161.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock valued at $25,000 after acquiring an additional 409 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Vertiv during the 4th quarter valued at approximately $26,000. Raleigh Capital Management Inc. boosted its position in shares of Vertiv by 79.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock valued at $27,000 after acquiring an additional 252 shares during the last quarter. Clear Street Markets LLC bought a new position in shares of Vertiv during the 4th quarter valued at approximately $27,000. Finally, Brown Brothers Harriman & Co. boosted its position in shares of Vertiv by 648.5% during the 1st quarter. Brown Brothers Harriman & Co. now owns 2,500 shares of the company’s stock valued at $35,000 after acquiring an additional 2,166 shares during the last quarter. 89.92% of the stock is currently 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.