Vertiv (NYSE:VRT) Trading 0.9% Higher

Vertiv Holdings Co (NYSE:VRT) was up 0.9% during mid-day trading on Wednesday . The company traded as high as $77.49 and last traded at $77.23. Approximately 1,515,229 shares changed hands during trading, a decline of 83% from the average daily volume of 8,745,831 shares. The stock had previously closed at $76.51.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on VRT shares. Mizuho upgraded shares of Vertiv from a “neutral” rating to an “outperform” rating and lowered their target price for the stock from $95.00 to $92.00 in a report on Wednesday, August 7th. The Goldman Sachs Group dropped their target price on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Citigroup raised their price objective on Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. TD Cowen upped their target price on shares of Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, Evercore ISI reissued an “outperform” rating and set a $105.00 price target on shares of Vertiv in a research report on Thursday, August 15th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $96.22.

Vertiv Stock Performance

The company’s 50-day moving average is $83.39 and its two-hundred day moving average is $82.65. The company has a quick ratio of 0.98, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. The company has a market cap of $29.40 billion, a P/E ratio of 74.55, a price-to-earnings-growth ratio of 0.97 and a beta of 1.58.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the firm earned $0.46 EPS. The company’s revenue was up 12.6% compared to the same quarter last year. Equities analysts predict that Vertiv Holdings Co will post 2.58 EPS for the current year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Monday, June 17th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date was Monday, June 17th. Vertiv’s dividend payout ratio is currently 9.62%.

Insider Buying and Selling at Vertiv

In other news, Director Doherty Philip O’ sold 9,529 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $109.30, for a total value of $1,041,519.70. Following the sale, the director now owns 6,882,859 shares of the company’s stock, valued at $752,296,488.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 5.01% of the company’s stock.

Hedge Funds Weigh In On Vertiv

Several hedge funds have recently made changes to their positions in VRT. Bogart Wealth LLC purchased a new position in Vertiv during the first quarter valued at approximately $25,000. GAMMA Investing LLC purchased a new position in shares of Vertiv during the 4th quarter valued at $26,000. Raleigh Capital Management Inc. increased its holdings in shares of Vertiv by 79.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock worth $27,000 after purchasing an additional 252 shares during the period. Atticus Wealth Management LLC purchased a new stake in shares of Vertiv in the first quarter worth $27,000. Finally, Mather Group LLC. boosted its stake in Vertiv by 132.5% during the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after buying an additional 200 shares during the period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

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.