Vertiv (NYSE:VRT) Trading 1% Higher - What's Next?

Shares of Vertiv Holdings Co (NYSE:VRT - Get Free Report) traded up 1% on Wednesday . The stock traded as high as $133.49 and last traded at $130.25. 1,422,961 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 5,904,342 shares. The stock had previously closed at $128.95.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. The Goldman Sachs Group raised their target price on Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Oppenheimer lifted their price objective on Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Bank of America upped their target price on shares of Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. TD Cowen lifted their price target on shares of Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Vertiv from $124.00 to $132.00 and gave the company an "overweight" rating in a research report on Tuesday, November 19th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Vertiv has an average rating of "Moderate Buy" and a consensus target price of $140.92.

Vertiv Price Performance

The company has a market capitalization of $49.52 billion, a price-to-earnings ratio of 87.95, a PEG ratio of 1.29 and a beta of 1.63. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The company has a 50 day moving average price of $125.42 and a 200 day moving average price of $102.74.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the company earned $0.52 earnings per share. The company's revenue was up 19.0% on a year-over-year basis. As a group, equities research analysts forecast that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

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

Insider Buying and Selling at Vertiv

In other Vertiv news, Director Jakki L. Haussler sold 15,347 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the sale, the director now owns 3,425 shares of the company's stock, valued at approximately $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of Vertiv 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 transaction, the insider now directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. This represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 171,527 shares of company stock worth $23,105,682. Insiders own 5.01% of the company's stock.

Institutional Trading of Vertiv

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