Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s stock price traded up 2.8% on Monday after the company announced a dividend. The company traded as high as $125.84 and last traded at $124.24. 1,534,066 shares were traded during trading, a decline of 81% from the average session volume of 8,142,675 shares. The stock had previously closed at $120.87.
The newly announced dividend which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be paid a $0.0375 dividend. 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. Vertiv's dividend payout ratio is 6.67%.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the company. TD Cowen increased their price target on Vertiv from $93.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Oppenheimer increased their target price on Vertiv from $115.00 to $121.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Citigroup increased their target price on Vertiv from $130.00 to $134.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Jefferies Financial Group initiated coverage on Vertiv in a report on Monday, October 7th. They issued a "buy" rating and a $125.00 price objective for the company. Finally, UBS Group initiated coverage on Vertiv in a report on Wednesday, November 13th. They issued a "buy" rating and a $155.00 price objective for the company. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $125.40.
View Our Latest Stock Analysis on Vertiv
Vertiv Price Performance
The firm has a market capitalization of $46.19 billion, a price-to-earnings ratio of 82.01, a P/E/G ratio of 1.31 and a beta of 1.58. The company's 50 day moving average is $105.37 and its 200-day moving average is $93.71. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60.
Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.07. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The business's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share. Equities research analysts anticipate that Vertiv Holdings Co will post 2.69 earnings per share for the current year.
Insiders Place Their Bets
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 completion of the sale, the insider now directly owns 10,542 shares in the company, valued at approximately $843,254.58. The trade was a 80.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.01% of the company's stock.
Institutional Investors Weigh In On Vertiv
A number of hedge funds and other institutional investors have recently made changes to their positions in VRT. Jennison Associates LLC raised its position in shares of Vertiv by 10,825.0% in the third quarter. Jennison Associates LLC now owns 4,600,415 shares of the company's stock valued at $457,695,000 after buying an additional 4,558,306 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Vertiv in the second quarter worth $331,091,000. Price T Rowe Associates Inc. MD grew its stake in shares of Vertiv by 303.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company's stock worth $390,143,000 after purchasing an additional 3,591,903 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Vertiv by 271.0% in the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company's stock worth $389,548,000 after purchasing an additional 2,860,181 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Vertiv by 5.5% in the first quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company's stock valued at $2,745,930,000 after buying an additional 1,766,784 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.
Vertiv Company Profile
(
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.
See Also
Before you consider Vertiv, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vertiv wasn't on the list.
While Vertiv currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
