Vertiv (NYSE:VRT) Stock Price Up 3.5% on Analyst Upgrade

Vertiv Holdings Co (NYSE:VRT)’s share price shot up 3.5% on Friday after Mizuho raised their price target on the stock from $56.00 to $95.00. Mizuho currently has a neutral rating on the stock. Vertiv traded as high as $95.32 and last traded at $93.47. 6,618,640 shares were traded during mid-day trading, a decline of 18% from the average session volume of 8,032,330 shares. The stock had previously closed at $90.35.

Other equities analysts also recently issued reports about the stock. Citigroup upped their price target on shares of Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a report on Thursday. Bank of America increased their price objective on shares of Vertiv from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, March 18th. JPMorgan Chase & Co. increased their price objective on shares of Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday. Evercore ISI increased their target price on shares of Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Oppenheimer increased their target price on shares of Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and a consensus target price of $81.11.

Insider Buying and Selling at Vertiv

In other news, CAO Scott Cripps sold 56,594 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $70.76, for a total value of $4,004,591.44. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Vertiv news, EVP Stephen Liang sold 306,196 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $70.24, for a total value of $21,507,207.04. Following the sale, the executive vice president now directly owns 51,841 shares of the company’s stock, valued at approximately $3,641,311.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Scott Cripps sold 56,594 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The disclosure for this sale can be found here. 5.62% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. CWM LLC boosted its stake in Vertiv by 90.5% during the 3rd quarter. CWM LLC now owns 4,231 shares of the company’s stock worth $157,000 after purchasing an additional 2,010 shares during the period. Global Retirement Partners LLC lifted its stake in shares of Vertiv by 30.0% in the 3rd quarter. Global Retirement Partners LLC now owns 1,588 shares of the company’s stock worth $61,000 after acquiring an additional 366 shares during the period. Commonwealth Equity Services LLC acquired a new stake in shares of Vertiv in the third quarter valued at about $2,241,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Vertiv by 5.6% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 48,099 shares of the company’s stock valued at $1,789,000 after purchasing an additional 2,548 shares during the period. Finally, Xponance Inc. lifted its stake in shares of Vertiv by 4.1% in the third quarter. Xponance Inc. now owns 14,558 shares of the company’s stock valued at $542,000 after purchasing an additional 577 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Price Performance

The company has a debt-to-equity ratio of 1.45, a current ratio of 1.74 and a quick ratio of 1.35. The company’s 50 day moving average is $76.51 and its 200 day moving average is $57.59. The stock has a market cap of $35.71 billion, a price-to-earnings ratio of 89.89, a PEG ratio of 1.44 and a beta of 1.59.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. Vertiv had a net margin of 5.79% and a return on equity of 42.43%. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter last year, the business earned $0.24 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Research analysts forecast that Vertiv Holdings Co will post 2.35 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.11%. Vertiv’s dividend payout ratio (DPR) is presently 9.62%.

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.