In yesterday’s Wall Street session, Vertiv Holdings Co (NYSE:VRT) shares traded at $36.84, down -4.09% from the previous session.
As of this writing, 12 analysts cover Vertiv Holdings Co (NYSE:VRT). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $50.00 and a low of $32.00, we find $40.50. Given the previous closing price of $38.41, this indicates a potential upside of 5.44 percent. VRT stock price is now 4.87% away from the 50-day moving average and 73.50% away from the 200-day moving average. The market capitalization of the company currently stands at $14.02B.
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There are 1 analysts who have given it a hold rating, whereas 10 have given it a buy rating. Brokers who have rated the stock have averaged $41.75 as their price target over the next twelve months.
With the price target maintained at $40, BofA Securities recently Upgraded its rating from Underperform to Buy for Vertiv Holdings Co (NYSE: VRT).
In other news, VPE Holdings, LLC, Director sold 10,000,000 shares of the company’s stock on Sep 08. The stock was sold for $375,000,000 at an average price of $37.50. Upon completion of the transaction, the Director now directly owns 7,955,215 shares in the company, valued at $293.07 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 07, Chief Accounting Officer Cripps Scott sold 36,008 shares of the business’s stock. A total of $1,385,188 was realized by selling the stock at an average price of $38.47. Insiders disposed of 26,348,586 shares of company stock worth roughly $970.68 million over the past 1 year. A total of 8.76% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VRT stock. A new stake in Vertiv Holdings Co shares was purchased by BAIN CAPITAL PUBLIC EQUITY MANAGEMENT II, LLC during the first quarter worth $190,576,000. COATUE MANAGEMENT LLC invested $169,039,000 in shares of VRT during the first quarter. In the first quarter, ALYESKA INVESTMENT GROUP, L.P. acquired a new stake in Vertiv Holdings Co valued at approximately $156,373,000. ELECTRON CAPITAL PARTNERS, LLC acquired a new stake in VRT for approximately $75,922,000. AMERICAN CENTURY COMPANIES INC purchased a new stake in VRT valued at around $59,269,000 in the second quarter. In total, there are 415 active investors with 79.35% ownership of the company’s stock.
Tuesday morning saw Vertiv Holdings Co (NYSE: VRT) opened at $37.87. During the past 12 months, Vertiv Holdings Co has had a low of $9.89 and a high of $40.41. As of last week, the company has a debt-to-equity ratio of 1.88, a current ratio of 1.64, and a quick ratio of 1.20. According to the stock market information, the enterprise value for the company is $17.46B, which is based on a 79.23 price-to-earnings ratio, a 1.23 price-to-earnings-growth ratio, and a beta of 1.44. The fifty day moving average price for VRT is $35.35 and a two-hundred day moving average price translates $21.35 for the stock.
The latest earnings results from Vertiv Holdings Co (NYSE: VRT) was released for Jun, 2023. The net profit margin was 2.84% and return on equity was 12.05% for VRT. The company reported revenue of $1.73 billion for the quarter, compared to $1.4 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.92 percent.
Moreover, the firm recently paid out its quarterly dividend on 12/15/2022. Investors who held shares on 11/30/2022 were paid a $0.01 dividend.
