Vertiv (NYSE:VRT) Stock Price Down 4.3%

Vertiv Holdings Co (NYSE:VRTGet Free Report) shares traded down 4.3% on Friday . The company traded as low as $86.01 and last traded at $86.62. 3,324,960 shares were traded during trading, a decline of 60% from the average session volume of 8,365,106 shares. The stock had previously closed at $90.49.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Mizuho raised their price target on shares of Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. raised their price target on shares of Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Bank of America raised their price target on shares of Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Oppenheimer lifted their price objective on shares of Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Finally, Evercore ISI lifted their price objective on shares of Vertiv from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, June 14th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $92.11.

Read Our Latest Research Report on VRT

Vertiv Trading Down 2.6 %

The firm’s 50-day moving average price is $93.11 and its 200-day moving average price is $72.45. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 2.09. The company has a market cap of $33.01 billion, a P/E ratio of 83.29, a price-to-earnings-growth ratio of 1.39 and a beta of 1.56.

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, beating the consensus estimate of $0.37 by $0.06. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the previous year, the firm posted $0.24 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, equities research analysts expect that Vertiv Holdings Co will post 2.42 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.11%. The ex-dividend date is Monday, June 17th. Vertiv’s dividend payout ratio (DPR) is currently 9.62%.

Insider Activity

In related news, insider Yibin Edward Cui sold 668 shares of the business’s stock in a transaction that occurred on Saturday, May 4th. The shares were sold at an average price of $94.39, for a total transaction of $63,052.52. Following the completion of the transaction, the insider now owns 19,452 shares of the company’s stock, valued at $1,836,074.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Yibin Edward Cui sold 668 shares of the business’s stock in a transaction that occurred on Saturday, May 4th. The shares were sold at an average price of $94.39, for a total transaction of $63,052.52. Following the completion of the transaction, the insider now owns 19,452 shares of the company’s stock, valued at $1,836,074.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Anders Karlborg sold 46,206 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $93.75, for a total transaction of $4,331,812.50. Following the transaction, the executive vice president now directly owns 23,003 shares of the company’s stock, valued at approximately $2,156,531.25. The disclosure for this sale can be found here. Insiders have sold a total of 4,162,739 shares of company stock valued at $400,713,362 over the last quarter. Company insiders own 5.01% of the company’s stock.

Hedge Funds Weigh In On Vertiv

A number of hedge funds and other institutional investors have recently bought and sold shares of VRT. Bogart Wealth LLC purchased a new position in Vertiv in the 1st quarter worth approximately $25,000. GAMMA Investing LLC purchased a new position in Vertiv in the 4th quarter worth approximately $26,000. Raleigh Capital Management Inc. grew its stake in Vertiv by 79.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock worth $27,000 after buying an additional 252 shares in the last quarter. Atticus Wealth Management LLC purchased a new position in Vertiv in the 1st quarter worth approximately $27,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in Vertiv in the 1st quarter worth approximately $34,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

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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