Vertiv (NYSE:VRT) Trading Up 1.8% – What’s Next?

Vertiv Holdings Co (NYSE:VRT)’s stock price rose 1.8% during trading on Wednesday . The company traded as high as $112.67 and last traded at $108.48. Approximately 7,202,355 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 9,813,244 shares. The stock had previously closed at $106.55.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. UBS Group assumed coverage on Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target for the company. JPMorgan Chase & Co. raised their target price on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Mizuho boosted their price target on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Jefferies Financial Group assumed coverage on shares of Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 price objective for the company. Finally, Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.36.

Vertiv Stock Performance

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 stock has a market cap of $43.97 billion, a P/E ratio of 78.10, a PEG ratio of 0.86 and a beta of 1.63. The business has a 50 day moving average price of $126.08 and a 200 day moving average price of $105.81.

Vertiv Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were paid a $0.0375 dividend. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

Insider Activity

In other news, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the sale, the insider now owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the transaction, the executive vice president now owns 19,551 shares in the company, valued at $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SOA Wealth Advisors LLC. bought a new position in shares of Vertiv during the fourth quarter valued at approximately $26,000. OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv during the 4th quarter worth $30,000. Krane Funds Advisors LLC bought a new stake in Vertiv during the third quarter valued at about $29,000. Anchor Investment Management LLC bought a new position in Vertiv in the second quarter worth about $26,000. Finally, Global Trust Asset Management LLC purchased a new stake in shares of Vertiv during the third quarter valued at about $30,000. 89.92% of the stock is currently owned by institutional investors.

About Vertiv

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.