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

Vertiv Holdings Co (NYSE:VRTGet Free Report)’s share price shot up 3.5% during trading 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 traded hands during trading, a decline of 18% from the average session volume of 8,032,330 shares. The stock had previously closed at $90.35.

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

Read Our Latest Stock Report on Vertiv

Insiders Place Their Bets

In other news, CAO Scott Cripps sold 56,594 shares of the business’s stock in a transaction 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 Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Scott Cripps sold 56,594 shares of the business’s stock in a transaction 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 Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen Liang sold 306,196 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the completion of the sale, the executive vice president now directly owns 51,841 shares in the company, valued at $3,641,311.84. The disclosure for this sale can be found here. Company insiders own 5.62% of the company’s stock.

Institutional Investors Weigh In On Vertiv

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. lifted its position in Vertiv by 161.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock worth $25,000 after buying an additional 409 shares in the last quarter. Bogart Wealth LLC acquired a new stake in Vertiv in the 1st quarter valued at about $25,000. GAMMA Investing LLC bought a new position in Vertiv in the 4th quarter valued at about $26,000. Raleigh Capital Management Inc. raised its holdings in Vertiv by 79.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock valued at $27,000 after acquiring an additional 252 shares during the period. Finally, Atticus Wealth Management LLC bought a new position in Vertiv in the 1st quarter valued at about $27,000. 89.92% of the stock is owned by institutional investors.

Vertiv Stock Performance

The stock has a market capitalization of $35.71 billion, a P/E ratio of 89.89, a PEG ratio of 1.44 and a beta of 1.59. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.35 and a current ratio of 1.74. The company’s fifty day simple moving average is $76.51 and its two-hundred day simple moving average is $57.59.

Vertiv (NYSE:VRTGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the business posted $0.24 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities analysts forecast that Vertiv Holdings Co will post 2.35 EPS for the current year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were given a $0.025 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a yield of 0.11%. Vertiv’s dividend payout ratio is currently 9.62%.

About Vertiv

(Get Free Report)

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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