Vertiv (NYSE:VRT) Trading 1.9% Higher - Here's Why

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s share price rose 1.9% during trading on Tuesday . The company traded as high as $113.37 and last traded at $110.11. Approximately 3,140,126 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 10,103,749 shares. The stock had previously closed at $108.05.

Analyst Upgrades and Downgrades

VRT has been the subject of a number of research analyst reports. Melius lowered Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price for the company. in a research report on Tuesday, January 28th. UBS Group initiated coverage on Vertiv in a research report on Wednesday, November 13th. They issued a "buy" rating and a $155.00 target price for the company. Citigroup boosted their target price on Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Barclays decreased their target price on Vertiv from $142.00 to $131.00 and set an "equal weight" rating for the company in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group lifted their price target on Vertiv from $126.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $138.57.

Vertiv Price Performance

The business has a 50 day moving average price of $121.49 and a two-hundred day moving average price of $109.27. The stock has a market cap of $36.00 billion, a PE ratio of 74.93, a P/E/G ratio of 1.10 and a beta of 1.64. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same period in the prior year, the firm posted $0.56 EPS. Research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Insider Transactions at Vertiv

In related news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the sale, the executive vice president now 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jan Van Dokkum sold 38,647 shares of Vertiv stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the completion of the sale, the director now directly owns 25,000 shares in the company, valued at $3,409,750. This trade represents a 60.72 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.01% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creative Planning boosted its position in Vertiv by 20.2% during the third quarter. Creative Planning now owns 43,618 shares of the company's stock valued at $4,340,000 after buying an additional 7,341 shares during the period. Blue Trust Inc. boosted its position in Vertiv by 360.1% during the third quarter. Blue Trust Inc. now owns 3,336 shares of the company's stock valued at $332,000 after buying an additional 2,611 shares during the period. Sequoia Financial Advisors LLC boosted its position in Vertiv by 42.2% during the third quarter. Sequoia Financial Advisors LLC now owns 6,163 shares of the company's stock valued at $613,000 after buying an additional 1,830 shares during the period. Signaturefd LLC boosted its position in Vertiv by 17.1% during the third quarter. Signaturefd LLC now owns 6,567 shares of the company's stock valued at $653,000 after buying an additional 957 shares during the period. Finally, Eastern Bank purchased a new stake in Vertiv during the third quarter valued at about $202,000. 89.92% of the stock is currently 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.