Vertiv (NYSE:VRT) Shares Up 4.8% – What’s Next?

Shares of Vertiv Holdings Co (NYSE:VRT) shot up 4.8% during mid-day trading on Wednesday . The company traded as high as $116.95 and last traded at $116.56. 2,763,676 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 10,138,847 shares. The stock had previously closed at $111.25.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target on the stock. Barclays assumed coverage on shares of Vertiv in a report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price target on the stock. Oppenheimer raised their price target on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Bank of America raised their price target on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Melius Research restated a “hold” rating and set a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $139.36.

Vertiv Stock Performance

The stock has a market cap of $45.57 billion, a price-to-earnings ratio of 80.95, a PEG ratio of 0.92 and a beta of 1.64. The stock’s fifty day moving average is $124.52 and its 200-day moving average is $106.87. 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. The ex-dividend date 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 Transactions at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction 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 directly owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jakki L. Haussler sold 15,347 shares of the company’s 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 sale, the director now directly owns 3,425 shares in the company, valued at $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 a total of 171,527 shares of company stock valued at $23,105,682 over the last 90 days. 5.01% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Vertiv

Institutional investors and hedge funds have recently modified their holdings of the stock. SOA Wealth Advisors LLC. acquired a new stake in Vertiv during the fourth quarter worth about $26,000. Krane Funds Advisors LLC bought a new position in Vertiv during the 3rd quarter worth approximately $29,000. Global Trust Asset Management LLC bought a new position in Vertiv during the 3rd quarter worth approximately $30,000. Mark Sheptoff Financial Planning LLC raised its holdings in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in Vertiv during the 3rd quarter worth approximately $30,000. 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.