Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s share price rose 4.3% during mid-day trading on Wednesday . The company traded as high as $119.39 and last traded at $117.30. Approximately 2,685,166 shares traded hands during trading, a decline of 67% from the average daily volume of 8,226,130 shares. The stock had previously closed at $112.44.
A number of analysts have commented on the stock. The Goldman Sachs Group dropped their price target on shares of Vertiv from $116.00 to $104.00 and set a "buy" rating on the stock in a research report on Thursday, July 25th. Citigroup boosted their price target on shares of Vertiv from $130.00 to $134.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. TD Cowen boosted their price target on shares of Vertiv from $93.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Evercore ISI boosted their price target on shares of Vertiv from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, Bank of America boosted their price target on shares of Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $122.11.
View Our Latest Analysis on VRT
The stock's fifty day moving average price is $98.93 and its 200-day moving average price is $91.90. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The firm has a market cap of $45.20 billion, a price-to-earnings ratio of 80.28, a price-to-earnings-growth ratio of 1.16 and a beta of 1.58.
Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the business earned $0.52 earnings per share. The firm's revenue was up 19.0% compared to the same quarter last year. Equities research analysts predict that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.08%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv's payout ratio is presently 6.67%.
In related news, insider Karsten Winther sold 44,924 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the transaction, the insider now directly owns 10,542 shares of the company's stock, valued at approximately $843,254.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.01% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA bought a new stake in shares of Vertiv during the 2nd quarter worth $331,091,000. Price T Rowe Associates Inc. MD raised its stake in Vertiv by 303.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company's stock valued at $390,143,000 after purchasing an additional 3,591,903 shares during the last quarter. Vanguard Group Inc. raised its stake in Vertiv by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company's stock valued at $2,745,930,000 after purchasing an additional 1,766,784 shares during the last quarter. Castle Hook Partners LP acquired a new position in Vertiv during the 1st quarter valued at $135,987,000. Finally, Westfield Capital Management Co. LP raised its stake in Vertiv by 85.2% during the 1st quarter. Westfield Capital Management Co. LP now owns 3,399,272 shares of the company's stock valued at $277,619,000 after purchasing an additional 1,563,466 shares during the last quarter. 89.92% of the stock is owned by institutional investors.
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.
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