Vertiv (NYSE:VRT) Stock Price Up 2.9% - What's Next?

Vertiv Holdings Co (NYSE:VRT - Get Free Report) was up 2.9% on Friday . The stock traded as high as $136.80 and last traded at $136.44. Approximately 1,316,571 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 5,583,676 shares. The stock had previously closed at $132.59.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Jefferies Financial Group started coverage on Vertiv in a report on Monday, October 7th. They set a "buy" rating and a $125.00 target price on the stock. Oppenheimer lifted their price objective on shares of Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. Barclays assumed coverage on shares of Vertiv in a research note on Thursday, December 12th. They issued an "equal weight" rating and a $142.00 target price for the company. UBS Group began coverage on shares of Vertiv in a research note on Wednesday, November 13th. They set a "buy" rating and a $155.00 price target on the stock. Finally, Citigroup upped their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $141.75.

Vertiv Trading Up 2.5 %

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's 50 day moving average is $125.86 and its two-hundred day moving average is $103.16. The stock has a market cap of $51.02 billion, a price-to-earnings ratio of 90.63, a price-to-earnings-growth ratio of 0.99 and a beta of 1.63.

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

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. This is a boost from Vertiv's previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv's dividend payout ratio (DPR) is presently 6.67%.

Insider Transactions at Vertiv

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the business's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the transaction, the insider now owns 19,448 shares in the company, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Stephen Liang sold 86,619 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 171,527 shares of company stock worth $23,105,682. Insiders own 5.01% of the company's stock.

Institutional Investors Weigh In On Vertiv

Institutional investors have recently bought and sold shares of the stock. Yeomans Consulting Group Inc. bought a new stake in shares of Vertiv during the 4th quarter worth about $335,000. Key Client Fiduciary Advisors LLC raised its holdings in Vertiv by 10.7% during the fourth quarter. Key Client Fiduciary Advisors LLC now owns 3,519 shares of the company's stock worth $400,000 after purchasing an additional 340 shares in the last quarter. Veracity Capital LLC lifted its position in Vertiv by 4.7% in the fourth quarter. Veracity Capital LLC now owns 5,698 shares of the company's stock worth $647,000 after purchasing an additional 258 shares during the period. Secure Asset Management LLC bought a new position in Vertiv during the 4th quarter valued at $242,000. Finally, Capital Planning Advisors LLC acquired a new position in shares of Vertiv during the 4th quarter valued at $1,305,000. 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.