Vertiv (NYSE:VRT) Shares Up 1.9% – Here’s Why

Vertiv Holdings Co (NYSE:VRT) shares rose 1.9% on Tuesday . The stock traded as high as $113.37 and last traded at $110.11. Approximately 3,140,126 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 10,103,749 shares. The stock had previously closed at $108.05.

Analysts Set New Price Targets

A number of equities analysts recently commented on VRT shares. Barclays dropped their price target on shares of Vertiv from $142.00 to $131.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Evercore ISI dropped their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. increased their price target on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Melius Research restated a “hold” rating and set a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Finally, Melius cut shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.57.

Vertiv Stock Performance

The firm has a market cap of $41.35 billion, a price-to-earnings ratio of 73.44, a P/E/G ratio of 0.94 and a beta of 1.64. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The firm has a fifty day simple moving average of $122.27 and a two-hundred day simple moving average of $109.31.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.84 by $0.15. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. During the same period last year, the company posted $0.56 earnings per share. On average, analysts expect that Vertiv Holdings Co will post 2.7 EPS for the current year.

Insider Activity

In other Vertiv news, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the completion of the sale, the director now owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. The trade was a 81.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the sale, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. The trade was a 81.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock valued at $23,105,682 over the last ninety days. 5.01% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vertiv

A number of institutional investors have recently bought and sold shares of the business. Vega Investment Solutions acquired a new stake in shares of Vertiv in the fourth quarter worth $1,625,000. Sunbelt Securities Inc. boosted its holdings in Vertiv by 13.6% in the fourth quarter. Sunbelt Securities Inc. now owns 15,533 shares of the company’s stock valued at $1,804,000 after purchasing an additional 1,862 shares during the last quarter. GTS Securities LLC grew its position in Vertiv by 105.8% during the 4th quarter. GTS Securities LLC now owns 1,786 shares of the company’s stock worth $203,000 after purchasing an additional 32,729 shares during the period. Fourth Dimension Wealth LLC purchased a new position in shares of Vertiv during the 4th quarter valued at about $60,000. Finally, Vise Technologies Inc. raised its stake in shares of Vertiv by 25.2% during the 4th quarter. Vise Technologies Inc. now owns 5,594 shares of the company’s stock valued at $636,000 after buying an additional 1,127 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

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.