Vertiv Holdings Co (NYSE:VRT - Get Free Report) shares traded up 0.7% during mid-day trading on Tuesday . The stock traded as high as $88.72 and last traded at $87.57. 1,457,520 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 8,522,988 shares. The stock had previously closed at $86.99.
Analyst Ratings Changes
Several research analysts have recently weighed in on the company. Evercore ISI reiterated an "outperform" rating and set a $105.00 price target on shares of Vertiv in a research note on Thursday, August 15th. Mizuho upgraded shares of Vertiv from a "neutral" rating to an "outperform" rating and cut their target price for the stock from $95.00 to $92.00 in a research report on Wednesday, August 7th. TD Cowen boosted their price target on shares of Vertiv from $89.00 to $93.00 and gave the company a "buy" rating in a research report on Thursday, July 25th. Finally, The Goldman Sachs Group cut their price objective on shares of Vertiv from $116.00 to $104.00 and set a "buy" rating for the company in a report on Thursday, July 25th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vertiv has an average rating of "Buy" and a consensus target price of $102.13.
Check Out Our Latest Analysis on VRT
Vertiv Price Performance
The business's 50-day moving average price is $79.54 and its 200 day moving average price is $85.02. The company has a market capitalization of $32.67 billion, a P/E ratio of 83.92, a price-to-earnings-growth ratio of 1.08 and a beta of 1.58. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90.
Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.57 by $0.10. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The business's quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the firm earned $0.46 EPS. Analysts anticipate that Vertiv Holdings Co will post 2.58 EPS for the current fiscal year.
Vertiv Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a yield of 0.11%. Vertiv's dividend payout ratio is currently 9.62%.
Insider Activity
In other Vertiv news, insider Karsten Winther sold 44,924 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the completion of the transaction, the insider now owns 10,542 shares of the company's stock, valued at approximately $843,254.58. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 5.01% of the company's stock.
Institutional Investors Weigh In On Vertiv
Several hedge funds have recently added to or reduced their stakes in VRT. Sanctuary Advisors LLC purchased a new position in shares of Vertiv during the 2nd quarter valued at about $1,632,000. Gordian Capital Singapore Pte Ltd bought a new position in Vertiv during the second quarter valued at approximately $346,000. Sycomore Asset Management purchased a new position in shares of Vertiv during the second quarter worth approximately $10,225,000. Kestra Investment Management LLC bought a new stake in shares of Vertiv in the 2nd quarter worth approximately $1,649,000. Finally, Clearbridge Investments LLC boosted its stake in shares of Vertiv by 15.4% in the 2nd quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company's stock valued at $221,013,000 after purchasing an additional 340,639 shares in the last quarter. Institutional investors own 89.92% of the company's stock.
About Vertiv
(
Get Free Report)
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.
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