Vertiv Holdings Co (NYSE:VRT) shares traded -1.85% lower at $103.21 on Wall Street last session.
VRT stock price is now 16.49% away from the 50-day moving average and 79.28% away from the 200-day moving average. The market capitalization of the company currently stands at $38.64B.
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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, O’ Doherty Philip, Managing Director, E+I sold 1,342,124 shares of the company’s stock on May 24 ’24. The stock was sold for $140,371,099 at an average price of $104.59. Upon completion of the transaction, the Managing Director, E+I now directly owns 6,892,388 shares in the company, valued at $711.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 23 ’24, Managing Director, E+I O’ Doherty Philip sold 1,089,669 shares of the business’s stock. A total of $112,601,326 was realized by selling the stock at an average price of $103.34. This leaves the insider owning 8,234,512 shares of the company worth $849.88 million. A total of 3.58% of the company’s stock is owned by insiders.
During the past 12 months, Vertiv Holdings Co has had a low of $18.74 and a high of $109.27. 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. According to the stock market information, the enterprise value for the company is $42187018240, which is based on a 99.23 price-to-earnings ratio, a 3.51 price-to-earnings-growth ratio, and a beta of 1.58. The fifty day moving average price for VRT is $88.602 and a two-hundred day moving average price translates $57.5687 for the stock.
The latest earnings results from Vertiv Holdings Co (NYSE: VRT) was released for 2024-03-31. 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.
