Vertiv (NYSE:VRT) Trading Up 3.1% – What’s Next?

Vertiv Holdings Co (NYSE:VRT) shares were up 3.1% during mid-day trading on Thursday . The company traded as high as $119.74 and last traded at $113.89. Approximately 5,447,874 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 10,132,764 shares. The stock had previously closed at $110.46.

Analysts Set New Price Targets

VRT has been the subject of several recent analyst reports. UBS Group started coverage on Vertiv in a research report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price for the company. Citigroup raised their price objective on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Oppenheimer upped their target price on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Fox Advisors began coverage on shares of Vertiv in a report on Monday, January 6th. They set an “equal weight” rating for the company. Finally, Melius Research reiterated a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a research note on Tuesday. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.36.

Vertiv Trading Up 2.2 %

The company has a market capitalization of $43.97 billion, a P/E ratio of 78.10, a price-to-earnings-growth ratio of 0.86 and a beta of 1.63. The company has a fifty day simple moving average of $125.62 and a two-hundred day simple moving average of $106.01. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were 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 0.13%. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv’s payout ratio is 6.67%.

Insider Buying and Selling at Vertiv

In other news, Director Jakki L. Haussler sold 15,347 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the sale, the director now directly owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. This trade represents a 81.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the transaction, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at $2,562,549.57. This represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock worth $23,105,682 over the last 90 days. Insiders own 5.01% of the company’s stock.

Hedge Funds Weigh In On Vertiv

Several large investors have recently bought and sold shares of the stock. SOA Wealth Advisors LLC. acquired a new stake in Vertiv in the 4th quarter worth $26,000. OLD Second National Bank of Aurora bought a new stake in shares of Vertiv in the fourth quarter valued at about $30,000. Krane Funds Advisors LLC acquired a new stake in Vertiv during the third quarter worth about $29,000. Anchor Investment Management LLC acquired a new position in Vertiv in the 2nd quarter valued at approximately $26,000. Finally, Global Trust Asset Management LLC bought a new stake in shares of Vertiv in the 3rd quarter worth approximately $30,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.