Vertiv (NYSE:VRT) Shares Up 2.1% – Here’s Why

Vertiv Holdings Co. (NYSE:VRT)’s stock price was up 2.1% during trading on Monday . The company traded as high as $191.90 and last traded at $190.1460. Approximately 4,107,971 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 5,012,953 shares. The stock had previously closed at $186.18.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on VRT shares. JPMorgan Chase & Co. cut their target price on shares of Vertiv from $230.00 to $225.00 and set an “overweight” rating for the company in a research note on Friday, January 16th. Oppenheimer raised their price target on Vertiv from $190.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. TD Cowen reiterated a “buy” rating and issued a $211.00 price objective on shares of Vertiv in a research report on Monday, December 1st. Mizuho increased their target price on Vertiv from $165.00 to $198.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Vertiv in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.89.

Vertiv Price Performance

The company has a market capitalization of $72.70 billion, a price-to-earnings ratio of 71.75, a PEG ratio of 1.14 and a beta of 2.08. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.83. The company has a 50 day moving average price of $173.20 and a 200 day moving average price of $159.35.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, November 25th were given a $0.0625 dividend. The ex-dividend date was Tuesday, November 25th. This is a positive change from Vertiv’s previous quarterly dividend of $0.04. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. Vertiv’s dividend payout ratio is 9.43%.

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 5,501 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $170.48, for a total transaction of $937,810.48. Following the transaction, the executive vice president directly owned 4,050 shares in the company, valued at approximately $690,444. This represents a 57.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.01% of the company’s stock.

Institutional Investors Weigh In On Vertiv

A number of institutional investors and hedge funds have recently modified their holdings of the business. Howard Capital Management Inc. grew its holdings in Vertiv by 3.0% during the 3rd quarter. Howard Capital Management Inc. now owns 1,837 shares of the company’s stock worth $277,000 after acquiring an additional 54 shares during the period. Investors Asset Management of Georgia Inc. GA ADV increased its holdings in Vertiv by 1.9% in the third quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 3,020 shares of the company’s stock valued at $456,000 after purchasing an additional 55 shares during the last quarter. Waterfront Wealth Inc. lifted its stake in Vertiv by 2.5% in the fourth quarter. Waterfront Wealth Inc. now owns 2,253 shares of the company’s stock valued at $365,000 after buying an additional 56 shares during the period. Balance Wealth LLC boosted its holdings in Vertiv by 2.8% during the fourth quarter. Balance Wealth LLC now owns 2,089 shares of the company’s stock worth $338,000 after buying an additional 57 shares during the last quarter. Finally, Legacy Capital Group California Inc. grew its position in shares of Vertiv by 3.2% during the 4th quarter. Legacy Capital Group California Inc. now owns 1,859 shares of the company’s stock worth $301,000 after buying an additional 57 shares during the period. 89.92% of the stock is owned by institutional investors.

About Vertiv

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.