Vertiv (NYSE:VRT) Shares Up 1.8%

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s share price shot up 1.8% during trading on Friday . The company traded as high as $94.00 and last traded at $93.76. 1,672,525 shares traded hands during trading, a decline of 80% from the average session volume of 8,506,966 shares. The stock had previously closed at $92.06.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VRT. Mizuho upgraded Vertiv from a "neutral" rating to an "outperform" rating and lowered their target price for the company from $95.00 to $92.00 in a report on Wednesday, August 7th. TD Cowen raised their target price on Vertiv from $89.00 to $93.00 and gave the company a "buy" rating in a report on Thursday, July 25th. The Goldman Sachs Group lowered their target price on 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 restated an "outperform" rating and set a $105.00 target price on shares of Vertiv in a report on Thursday, August 15th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $102.13.

Vertiv Stock Up 2.7 %

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 has a market cap of $35.39 billion, a price-to-earnings ratio of 90.91, a price-to-earnings-growth ratio of 1.08 and a beta of 1.58. The business has a 50-day simple moving average of $79.49 and a 200-day simple moving average of $85.25.

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 the consensus estimate of $0.57 by $0.10. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the company earned $0.46 EPS. The business's quarterly revenue was up 12.6% on a year-over-year basis. On average, equities analysts anticipate that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

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

Insiders Place Their Bets

In other Vertiv news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the transaction, the insider now owns 10,542 shares of the company's stock, valued at $843,254.58. The transaction was disclosed in a filing with the SEC, which is available at this link. 5.01% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Vertiv by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company's stock valued at $2,745,930,000 after purchasing an additional 1,766,784 shares during the last quarter. Coatue Management LLC grew its stake in shares of Vertiv by 19.5% in the 4th quarter. Coatue Management LLC now owns 13,811,848 shares of the company's stock valued at $663,383,000 after purchasing an additional 2,249,353 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Vertiv by 303.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company's stock valued at $390,143,000 after purchasing an additional 3,591,903 shares during the last quarter. Norges Bank purchased a new position in shares of Vertiv in the 4th quarter valued at approximately $185,339,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Vertiv in the 2nd quarter valued at approximately $331,091,000. Institutional investors and hedge funds 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.