Vertiv (NYSE:VRT) Stock Price Up 4.1% – What’s Next?

Vertiv Holdings Co (NYSE:VRT)’s share price traded up 4.1% on Thursday . The stock traded as high as $144.00 and last traded at $143.18. 3,597,217 shares changed hands during trading, a decline of 56% from the average session volume of 8,189,921 shares. The stock had previously closed at $137.54.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Mizuho upped their price objective on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday. TD Cowen upped their price objective on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday. Citigroup upped their price objective on shares of Vertiv from $134.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Evercore ISI upped their price objective on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vertiv currently has a consensus rating of “Buy” and a consensus price target of $138.50.

Vertiv Price Performance

The stock’s 50-day moving average price is $110.94 and its 200-day moving average price is $95.19. The company has a market capitalization of $52.60 billion, a price-to-earnings ratio of 93.43, a price-to-earnings-growth ratio of 1.45 and a beta of 1.58. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the business posted $0.52 earnings per share. Vertiv’s revenue was up 19.0% compared to the same quarter last year. Equities research analysts anticipate that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be issued a $0.0375 dividend. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.11%. The ex-dividend date of this dividend is Tuesday, December 3rd. Vertiv’s dividend payout ratio is currently 6.67%.

Insider Activity at Vertiv

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the sale, the insider now directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the completion of the sale, the director now owns 3,425 shares in the company, valued at approximately $470,526.50. This trade represents a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 91,185 shares of company stock worth $10,074,936 over the last ninety days. Company insiders own 5.01% of the company’s stock.

Institutional Investors Weigh In On Vertiv

Hedge funds have recently bought and sold shares of the company. ORG Partners LLC increased its position in shares of Vertiv by 25.1% during the third quarter. ORG Partners LLC now owns 458 shares of the company’s stock worth $46,000 after acquiring an additional 92 shares in the last quarter. Allworth Financial LP grew its position in Vertiv by 18.6% in the third quarter. Allworth Financial LP now owns 638 shares of the company’s stock valued at $63,000 after purchasing an additional 100 shares in the last quarter. NBC Securities Inc. grew its position in Vertiv by 0.9% in the third quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock valued at $1,305,000 after purchasing an additional 112 shares in the last quarter. Nvwm LLC grew its position in Vertiv by 1.3% in the third quarter. Nvwm LLC now owns 10,035 shares of the company’s stock valued at $998,000 after purchasing an additional 124 shares in the last quarter. Finally, Callan Family Office LLC grew its position in Vertiv by 0.9% in the third quarter. Callan Family Office LLC now owns 14,989 shares of the company’s stock valued at $1,491,000 after purchasing an additional 137 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.