Vertiv (NYSE:VRT) Sets New 12-Month High – What’s Next?

Vertiv Holdings Co (NYSE:VRT)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $119.03 and last traded at $118.22, with a volume of 304851 shares traded. The stock had previously closed at $112.44.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Oppenheimer lifted their price target on Vertiv from $115.00 to $121.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Evercore ISI upped their target price on Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. The Goldman Sachs Group decreased their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Mizuho increased their target price on shares of Vertiv from $110.00 to $125.00 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 company a “buy” rating in a report on Thursday, October 24th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $122.11.

Vertiv Trading Up 7.1 %

The business has a 50-day moving average of $98.13 and a two-hundred day moving average of $91.70. 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 has a market capitalization of $45.20 billion, a price-to-earnings ratio of 78.20, a P/E/G ratio of 1.16 and a beta of 1.58.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, October 23rd. The company reported $0.76 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 firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the business earned $0.52 earnings per share. Vertiv’s quarterly revenue was up 19.0% compared to the same quarter last year. Research analysts predict that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were paid a $0.025 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.08%. Vertiv’s dividend payout ratio is currently 6.67%.

Insider Transactions at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the sale, the insider now directly owns 10,542 shares in the company, valued at $843,254.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.01% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Anchor Investment Management LLC acquired a new position in Vertiv in the second quarter worth $26,000. Mather Group LLC. grew its holdings in Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after acquiring an additional 200 shares during the last quarter. Krane Funds Advisors LLC acquired a new stake in Vertiv in the 3rd quarter valued at about $29,000. Global Trust Asset Management LLC acquired a new position in shares of Vertiv during the third quarter worth approximately $30,000. Finally, OFI Invest Asset Management bought a new stake in shares of Vertiv during the second quarter valued at approximately $34,000. 89.92% of the stock is owned by institutional investors and hedge funds.

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.