Vertiv Holdings Co (NYSE:VRT) shares traded -1.82% lower at $36.74 on Wall Street last session.
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 $43.00. Given the previous closing price of $37.42, this indicates a potential upside of 14.91 percent. VRT stock price is now -2.22% away from the 50-day moving average and 60.05% away from the 200-day moving average. The market capitalization of the company currently stands at $13.98B.
Brokers who have rated the stock have averaged $43.08 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 $292.27 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 36,384,594 shares of company stock worth roughly $1.34 billion 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 $190,059,000. COATUE MANAGEMENT LLC invested $168,580,000 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 $155,949,000. ELECTRON CAPITAL PARTNERS, LLC acquired a new stake in VRT for approximately $75,716,000. AMERICAN CENTURY COMPANIES INC purchased a new stake in VRT valued at around $59,108,000 in the second quarter. In total, there are 415 active investors with 79.29% ownership of the company’s stock.
Vertiv Holdings Co (NYSE: VRT) opened at $37.19 on Friday. During the past 12 months, Vertiv Holdings Co has had a low of $11.95 and a high of $43.13. 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 $16.83B, which is based on a 79.01 price-to-earnings ratio, a 1.22 price-to-earnings-growth ratio, and a beta of 1.44. The fifty day moving average price for VRT is $37.63 and a two-hundred day moving average price translates $23.07 for the stock.
The latest earnings results from Vertiv Holdings Co (NYSE: VRT) was released for Jun, 2023. According to the Electrical Equipment & Parts Company, earnings per share came in at $0.46, beating analysts’ expectations of $0.29 by 0.17. This compares to $0.05 EPS in the same period last year. 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. For the current quarter, analysts expect VRT to generate $1.75B in revenue.
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.
Vertiv Holdings Co(VRT) 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. It offers AC and DC power management products, switchgear and busbar products, thermal management products, integrated rack systems, modular solutions, and management systems for monitoring and controlling digital infrastructure that are integral to the technologies used for various services, including e-commerce, online banking, file sharing, video on-demand, energy storage, wireless communications, Internet of Things, and online gaming. The company also provides lifecycle management services, predictive analytics, and professional services for deploying, maintaining, and optimizing its products and their related systems; and preventative maintenance, acceptance testing, engineering and consulting, performance assessments, remote monitoring, training, spare parts, and digital critical infrastructure software services. It offers its products primarily under the Vertiv, Liebert, NetSure, Geist, E&I, Powerbar, and Avocent brands. The company serves social media, financial services, healthcare, transportation, retail, education, and government industries through a network of direct sales professionals, independent sales representatives, channel partners, and original equipment manufacturers. Vertiv Holdings Co is headquartered in Westerville, Ohio.
