Vertiv (NYSE:VRT) Stock Price Up 0.6% – What’s Next?

Vertiv Holdings Co (NYSE:VRT) traded up 0.6% on Tuesday . The stock traded as high as $119.57 and last traded at $118.50. 779,149 shares were traded during trading, a decline of 90% from the average session volume of 8,053,485 shares. The stock had previously closed at $117.74.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Barclays assumed coverage on Vertiv in a research report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price objective on the stock. Evercore ISI upped their price objective on Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their target price on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Jefferies Financial Group assumed coverage on shares of Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 price target for the company. Finally, UBS Group began coverage on shares of Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target on the stock. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $140.09.

Vertiv Stock Up 0.8 %

The firm has a market cap of $44.57 billion, a price-to-earnings ratio of 79.16, a PEG ratio of 1.29 and a beta of 1.61. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The firm has a 50 day moving average of $121.66 and a 200 day moving average of $99.11.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the firm earned $0.52 earnings per share. Vertiv’s revenue for the quarter was up 19.0% on a year-over-year basis. As a group, sell-side analysts predict that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. This is an increase from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is 6.67%.

Insiders Place Their Bets

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the sale, the insider now directly owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. This represents a 61.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction that occurred 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 transaction, the director now directly owns 3,425 shares in the company, valued at approximately $470,526.50. This represents a 81.75 % 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 Trading of Vertiv

A number of institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. increased its position in shares of Vertiv by 430.5% during the 3rd quarter. Principal Financial Group Inc. now owns 165,557 shares of the company’s stock valued at $16,471,000 after purchasing an additional 134,349 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings in Vertiv by 31.6% during the third quarter. Lord Abbett & CO. LLC now owns 843,058 shares of the company’s stock worth $83,876,000 after buying an additional 202,576 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in Vertiv by 18.6% in the third quarter. B. Riley Wealth Advisors Inc. now owns 6,502 shares of the company’s stock worth $660,000 after acquiring an additional 1,021 shares during the period. Blankinship & Foster LLC purchased a new position in Vertiv in the third quarter valued at about $8,798,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Vertiv during the 3rd quarter valued at approximately $584,000. 89.92% of the stock is 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.