By otakuyassine3@gmail.com 
Vertiv Holdings Co (NYSE:VRT – Get Free Report) fell 4.4% during mid-day trading on Tuesday . The company traded as low as $119.20 and last traded at $120.42. 2,188,047 shares were traded during trading, a decline of 73% from the average session volume of 8,092,855 shares. The stock had previously closed at $125.97.
Wall Street Analyst Weigh In
VRT has been the topic of a number of research analyst reports. Bank of America increased their target price on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. UBS Group assumed coverage on Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price objective on the stock. Citigroup upped their target price on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Evercore ISI lifted their price target on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Oppenheimer increased their target price on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Vertiv presently has an average rating of “Moderate Buy” and a consensus price target of $140.09.
View Our Latest Analysis on Vertiv
Vertiv Stock Performance
The firm has a market cap of $43.33 billion, a P/E ratio of 76.96, a price-to-earnings-growth ratio of 1.29 and a beta of 1.61. The business’s fifty day simple moving average is $121.23 and its 200-day simple moving average is $98.56. 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 posted its earnings results 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. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the firm earned $0.52 earnings per share. Vertiv’s quarterly revenue was up 19.0% on a year-over-year basis. As a group, sell-side analysts expect that Vertiv Holdings Co will post 2.69 earnings per share for the current year.
Vertiv Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be paid a $0.0375 dividend. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. 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 Vertiv stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the sale, the director now directly owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. The trade was a 81.75 % decrease in their position. The transaction 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 firm’s 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 completion of the transaction, 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp grew its stake in shares of Vertiv by 4.2% in the third quarter. State Street Corp now owns 7,635,081 shares of the company’s stock worth $759,614,000 after acquiring an additional 308,704 shares during the last quarter. Geode Capital Management LLC grew its position in Vertiv by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company’s stock valued at $592,433,000 after purchasing an additional 408,054 shares during the last quarter. Jennison Associates LLC increased its stake in Vertiv by 10,825.0% during the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock valued at $457,695,000 after purchasing an additional 4,558,306 shares in the last quarter. Wellington Management Group LLP raised its holdings in 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 buying an additional 2,860,181 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Vertiv in the second quarter worth approximately $331,091,000. Institutional investors 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.
Further Reading
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