Vertiv (NYSE:VRT) Shares Up 4.5% – Here’s What Happened

by · The Markets Daily

Vertiv Holdings Co. (NYSE:VRTGet Free Report)’s share price was up 4.5% on Tuesday . The company traded as high as $306.45 and last traded at $304.7280. 3,209,162 shares traded hands during trading, a decline of 53% from the average session volume of 6,768,063 shares. The stock had previously closed at $291.67.

More Vertiv News

Here are the key news stories impacting Vertiv this week:

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VRT shares. Fox Advisors upgraded Vertiv from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 21st. Barclays increased their target price on Vertiv from $345.00 to $412.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Glj Research upgraded Vertiv from a “sell” rating to a “hold” rating in a research note on Thursday, June 18th. Zacks Research downgraded shares of Vertiv from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Finally, BNP Paribas Exane began coverage on shares of Vertiv in a research report on Tuesday, April 14th. They set an “outperform” rating and a $345.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vertiv currently has a consensus rating of “Moderate Buy” and an average target price of $343.48.

Check Out Our Latest Report on Vertiv

Vertiv Price Performance

The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.15 and a current ratio of 1.49. The firm has a market capitalization of $116.03 billion, a P/E ratio of 75.90, a price-to-earnings-growth ratio of 1.31 and a beta of 2.03. The business has a fifty day moving average of $316.28 and a 200-day moving average of $273.01.

Vertiv (NYSE:VRTGet Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.17. Vertiv had a return on equity of 49.90% and a net margin of 14.37%.The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same quarter in the previous year, the firm posted $0.64 EPS. The firm’s quarterly revenue was up 30.1% on a year-over-year basis. On average, sell-side analysts forecast that Vertiv Holdings Co. will post 6.38 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, June 15th. Vertiv’s payout ratio is currently 6.28%.

Hedge Funds Weigh In On Vertiv

Several large investors have recently bought and sold shares of the stock. Sachetta LLC boosted its holdings in shares of Vertiv by 41.4% in the first quarter. Sachetta LLC now owns 123 shares of the company’s stock valued at $31,000 after acquiring an additional 36 shares in the last quarter. Cornerstone Planning Group LLC raised its holdings in Vertiv by 60.5% during the first quarter. Cornerstone Planning Group LLC now owns 130 shares of the company’s stock worth $33,000 after purchasing an additional 49 shares in the last quarter. GoalVest Advisory LLC raised its holdings in Vertiv by 87.3% during the second quarter. GoalVest Advisory LLC now owns 148 shares of the company’s stock worth $50,000 after purchasing an additional 69 shares in the last quarter. Vermillion & White Wealth Management Group LLC lifted its position in Vertiv by 58.3% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 152 shares of the company’s stock worth $25,000 after purchasing an additional 56 shares during the period. Finally, Center for Financial Planning Inc. lifted its position in Vertiv by 554.2% in the first quarter. Center for Financial Planning Inc. now owns 157 shares of the company’s stock worth $39,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Company Profile

(Get Free Report)

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.

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