Stocks of Vertiv Holdings Co (NYSE:VRT) traded higher last session on Wall Street, down -2.19% to $89.30.
VRT stock price is now -2.13% away from the 50-day moving average and 48.09% away from the 200-day moving average. The market capitalization of the company currently stands at $33.43B.
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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 9,529 shares of the company’s stock on May 28 ’24. The stock was sold for $1,041,524 at an average price of $109.30. Upon completion of the transaction, the Managing Director, E+I now directly owns 6,882,859 shares in the company, valued at $614.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 24 ’24, Managing Director, E+I O’ Doherty Philip sold 1,342,124 shares of the business’s stock. A total of $140,371,099 was realized by selling the stock at an average price of $104.59. This leaves the insider owning 6,892,388 shares of the company worth $615.49 million. A total of 2.94% of the company’s stock is owned by insiders.
During the past 12 months, Vertiv Holdings Co has had a low of $21.02 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 $36998598656, which is based on a 85.86 price-to-earnings ratio, a 3.03 price-to-earnings-growth ratio, and a beta of 1.61. The fifty day moving average price for VRT is $91.2394 and a two-hundred day moving average price translates $60.3016 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.
