Vertiv (NYSE:VRT) Shares Up 1.9% – What’s Next?

Vertiv Holdings Co (NYSE:VRT)’s stock price traded up 1.9% on Tuesday . The stock traded as high as $113.37 and last traded at $110.11. 3,140,126 shares changed hands during trading, a decline of 69% from the average session volume of 10,103,749 shares. The stock had previously closed at $108.05.

Analysts Set New Price Targets

A number of analysts recently issued reports on VRT shares. Fox Advisors assumed coverage on shares of Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research report on Tuesday, January 28th. Mizuho raised their target price on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group lifted their price target on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Oppenheimer increased their price target on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $138.57.

Vertiv Price Performance

The stock has a 50 day moving average price of $122.27 and a 200-day moving average price of $109.31. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The stock has a market capitalization of $41.35 billion, a price-to-earnings ratio of 73.44, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64.

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

Insiders Place Their Bets

In related news, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value 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 approximately $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction dated 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 transaction, the insider now directly owns 19,448 shares in the company, valued at $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock valued at $23,105,682 in the last ninety days. 5.01% of the stock is currently owned by corporate insiders.

Institutional Trading of Vertiv

Hedge funds have recently made changes to their positions in the company. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv during the fourth quarter valued at about $26,000. Global Trust Asset Management LLC purchased a new stake in Vertiv in the third quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC lifted its stake in Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Vertiv during the third quarter worth $30,000. Finally, OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv in the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

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.