Vertiv (NYSE:VRT) Stock Price Up 0.1% – What’s Next?

Vertiv Holdings Co (NYSE:VRT) rose 0.1% during trading on Tuesday . The company traded as high as $131.68 and last traded at $127.10. Approximately 1,736,269 shares traded hands during trading, a decline of 79% from the average daily volume of 8,144,983 shares. The stock had previously closed at $127.01.

Wall Street Analyst Weigh In

VRT has been the subject of a number of research reports. Mizuho raised their price objective on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. UBS Group assumed coverage on shares of Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective for the company. Citigroup boosted 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, November 19th. TD Cowen boosted 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, November 19th. Finally, Bank of America boosted their price objective on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, Vertiv has an average rating of “Buy” and a consensus target price of $138.50.

Vertiv Price Performance

The stock has a 50-day simple moving average of $116.71 and a 200 day simple moving average of $96.93. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The company has a market cap of $49.13 billion, a P/E ratio of 87.27, a P/E/G ratio of 1.32 and a beta of 1.61.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the business posted $0.52 earnings per share. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. On average, equities analysts expect that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This is a boost from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. Vertiv’s dividend payout ratio is presently 6.67%.

Insider Transactions at Vertiv

In other news, Director Jan Van Dokkum sold 38,647 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the completion of the sale, the director now owns 25,000 shares of the company’s stock, valued at approximately $3,409,750. This trade represents a 60.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 19,551 shares of the company’s stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 171,527 shares of company stock valued at $23,105,682. Corporate insiders own 5.01% of the company’s stock.

Institutional Investors Weigh In On Vertiv

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Krane Funds Advisors LLC acquired a new stake in Vertiv in the 3rd quarter valued at about $29,000. Anchor Investment Management LLC acquired a new stake in Vertiv in the 2nd quarter valued at about $26,000. Global Trust Asset Management LLC acquired a new stake in Vertiv in the 3rd quarter valued at about $30,000. Mark Sheptoff Financial Planning LLC increased its position in Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Vertiv in the third quarter worth about $30,000. Institutional investors and hedge funds 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.