Vertiv (NYSE:VRT) Trading Up 1.8% – What’s Next?

Shares of Vertiv Holdings Co (NYSE:VRT) traded up 1.8% during trading on Monday . The company traded as high as $124.55 and last traded at $123.60. 2,622,899 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 9,728,225 shares. The stock had previously closed at $121.38.

Analysts Set New Price Targets

A number of research analysts have issued reports on VRT shares. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a research report on Tuesday, January 28th. Fox Advisors began coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating for the company. Evercore ISI decreased their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Morgan Stanley began coverage on shares of Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price on the stock. Finally, Mizuho increased their price target on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.36.

Vertiv Stock Performance

The business’s fifty day moving average is $124.27 and its two-hundred day moving average is $108.09. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $41.79 billion, a PE ratio of 74.23, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. During the same quarter in the prior year, the company earned $0.56 EPS. Equities research analysts predict that Vertiv Holdings Co will post 2.7 earnings per share for the current year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a boost from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio is 6.67%.

Insider Buying and Selling at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the transaction, the insider now owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. SOA Wealth Advisors LLC. purchased a new position in Vertiv during the fourth quarter valued at $26,000. OLD Second National Bank of Aurora purchased a new position in shares of Vertiv during the fourth quarter valued at about $30,000. Tradewinds Capital Management LLC increased its holdings in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after purchasing an additional 111 shares during the last quarter. Krane Funds Advisors LLC purchased a new stake in shares of Vertiv in the third quarter worth about $29,000. Finally, Global Trust Asset Management LLC purchased a new stake in shares of Vertiv in the third quarter worth about $30,000. 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.