Vertiv (NYSE:VRT) Sees Large Volume Increase - What's Next?

Shares of Vertiv Holdings Co (NYSE:VRT - Get Free Report) saw unusually-high trading volume on Friday . Approximately 3,470,973 shares traded hands during trading, a decline of 57% from the previous session's volume of 8,096,930 shares.The stock last traded at $127.31 and had previously closed at $125.04.

Analyst Upgrades and Downgrades

VRT has been the topic of a number of recent analyst reports. Barclays started coverage on Vertiv in a research note on Thursday. They issued an "equal weight" rating and a $142.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Vertiv from $124.00 to $132.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 19th. TD Cowen raised their target price on shares of Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Bank of America boosted their target price on shares of Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, Jefferies Financial Group started coverage on Vertiv in a research report on Monday, October 7th. They issued a "buy" rating and a $125.00 price target on the stock. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.09.

Vertiv Trading Up 0.6 %

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 market capitalization of $47.19 billion, a price-to-earnings ratio of 83.82, a P/E/G ratio of 1.29 and a beta of 1.61. The business has a 50-day moving average of $120.45 and a two-hundred day moving average of $98.21.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.07. The business had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. Vertiv's quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 earnings per share. Research analysts predict that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. This is an increase from Vertiv's previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, December 3rd. Vertiv's dividend payout ratio (DPR) is presently 6.67%.

Insider Activity at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now directly owns 19,551 shares of the company's stock, valued at approximately $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anand Sanghi sold 30,914 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the transaction, the insider now directly owns 19,448 shares of the company's stock, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock valued at $23,105,682 over the last quarter. 5.01% of the stock is owned by company insiders.

Institutional Investors Weigh In On Vertiv

Several institutional investors and hedge funds have recently made changes to their positions in VRT. Anchor Investment Management LLC bought a new position in Vertiv during the 2nd quarter valued at about $26,000. Krane Funds Advisors LLC acquired a new stake in shares of Vertiv during the third quarter worth approximately $29,000. Global Trust Asset Management LLC bought a new position in shares of Vertiv in the third quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC boosted its holdings in shares of Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock worth $30,000 after acquiring an additional 200 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Vertiv during the 3rd quarter valued at $30,000. 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.