In yesterday’s Wall Street session, Vertiv Holdings Co (NYSE:VRT) shares traded at $94.91, down -2.42% from the previous session.
VRT stock price is now 18.83% away from the 50-day moving average and 81.19% away from the 200-day moving average. The market capitalization of the company currently stands at $35.53B.
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With the price target of $96, Oppenheimer recently initiated with Outperform rating for Vertiv Holdings Co (NYSE: VRT). On August 02, 2023, BofA Securities Upgraded its previous ‘Underperform’ rating to ‘Buy’ on the stock keeping its target price maintained at $40, while ‘Vertical Research’ rates the stock as ‘Buy’
In other news, Cui Yibin Edward, President – Greater China sold 668 shares of the company’s stock on May 04 ’24. The stock was sold for $63,053 at an average price of $94.39. Upon completion of the transaction, the President – Greater China now directly owns 19,452 shares in the company, valued at $1.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 03 ’24, EVP, Man., Logistics and Op Ex Karlborg Anders sold 46,206 shares of the business’s stock. A total of $4,331,790 was realized by selling the stock at an average price of $93.75. This leaves the insider owning 23,003 shares of the company worth $2.18 million. A total of 3.57% of the company’s stock is owned by insiders.
During the past 12 months, Vertiv Holdings Co has had a low of $14.68 and a high of $97.28. As of last week, the company has a debt-to-equity ratio of 2.25, a current ratio of 1.34, and a quick ratio of 0.98.
The net profit margin was 5.79% and return on equity was 27.44% for VRT. The company reported revenue of $1.64 billion for the quarter, compared to $1.52 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.76 percent.
