Vertiv (NYSE:VRT) Trading 1.5% Higher

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s stock price traded up 1.5% during mid-day trading on Wednesday . The stock traded as high as $90.26 and last traded at $88.61. 2,017,235 shares were traded during mid-day trading, a decline of 76% from the average session volume of 8,502,566 shares. The stock had previously closed at $87.29.

Wall Street Analyst Weigh In

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 cut their price objective for the company from $95.00 to $92.00 in a research note on Wednesday, August 7th. TD Cowen boosted their price target on shares of Vertiv from $89.00 to $93.00 and gave the stock a "buy" rating in a research report on Thursday, July 25th. The Goldman Sachs Group decreased 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. Finally, Evercore ISI reissued an "outperform" rating and set a $105.00 target price on shares of Vertiv in a report on Thursday, August 15th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $102.13.

Vertiv Price Performance

The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.00 and a current ratio of 1.36. The company's 50 day moving average price is $79.41 and its 200-day moving average price is $85.04. The company has a market cap of $32.82 billion, a price-to-earnings ratio of 84.29, a PEG ratio of 1.08 and a beta of 1.58.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.10. The firm had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The firm's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share. On average, equities research analysts forecast that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date of this dividend is Tuesday, September 17th. Vertiv's dividend payout ratio (DPR) is presently 9.62%.

Insider Activity at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of Vertiv 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 transaction, the insider now directly owns 10,542 shares of the company's stock, valued at $843,254.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.01% of the stock is currently owned by corporate insiders.

Institutional Trading of Vertiv

Several hedge funds and other institutional investors have recently modified their holdings of VRT. Bogart Wealth LLC purchased a new stake in Vertiv in the 1st quarter worth about $25,000. Atticus Wealth Management LLC purchased a new stake in shares of Vertiv in the first quarter worth approximately $27,000. Mather Group LLC. boosted its holdings in shares of Vertiv by 132.5% during the second quarter. Mather Group LLC. now owns 351 shares of the company's stock worth $29,000 after purchasing an additional 200 shares during the period. OFI Invest Asset Management purchased a new position in Vertiv during the second quarter valued at approximately $34,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in Vertiv during the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 89.92% of the company's stock.

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.