Vertiv Holdings Co. (NYSE: VRT) is 16.23% higher on its value in year-to-date trading and has touched a low of $4.75 and a high of $22.43 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VRT stock was last observed hovering at around $21.33 in the last trading session, with the day’s gains setting it 0.37% off its average median price target of $24.00 for the next 12 months. It is also 27.67% off the consensus price target high of $30.00 offered by 9 analysts, but current levels are -3.33% lower than the price target low of $21.00 for the same period.
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Currently trading at $21.70, the stock is 4.55% and 10.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.85 million and changing 1.73% at the moment leaves the stock 29.44% off its SMA200. VRT registered 71.00% gain for a year compared to 6-month gain of 36.39%. The firm has a 50-day simple moving average (SMA 50) of $20.05 and a 200-day simple moving average (SMA200) of $18.33.
The stock witnessed a 8.45% loss in the last 1 month and extending the period to 3 months gives it a 17.04%, and is 1.88% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.07% over the week and 3.53% over the month.
Vertiv Holdings Co. (VRT) has around 1 employees, a market worth around $6.93B and $3.07B in sales. Fwd P/E is 18.99. Profit margin for the company is -8.50%. Distance from 52-week low is 356.84% and -3.25% from its 52-week high.
Vertiv Holdings Co. (VRT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Vertiv Holdings Co. (VRT) is a “Buy”. 9 analysts offering their recommendations for the stock have an average rating of 1.70, where 0 rate it as a Hold and 0 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Vertiv Holdings Co. quarterly earnings per share for the current quarter are estimated at $0.33 with sales reaching $1.26B over the same period.The EPS is expected to shrink by -12.70% this year, but quarterly earnings will post -2.40% year-over-year. Quarterly sales are estimated to grow 7.80% in year-over-year returns.
Vertiv Holdings Co. (VRT) Top Institutional Holders
261 institutions hold shares in Vertiv Holdings Co. (VRT), with 11.93M shares held by insiders accounting for 3.63% while institutional investors hold 88.04% of the company’s shares. The shares outstanding are 328.41M, and float is at 308.03M with Short Float at 3.85%. Institutions hold 84.84% of the Float.
The top institutional shareholder in the company is Platinum Equity Advisors, LLC/DE with over 95.26 million shares valued at $1.65 billion. The investor’s holdings represent 29.01% of the VRT Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 22.2 million shares valued at $414.41 million to account for 6.76% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 17.86 million shares representing 5.44% and valued at over $309.26 million, while FMR, LLC holds 4.95% of the shares totaling 16.25 million with a market value of $303.48 million.
Vertiv Holdings Co. (VRT) Insider Activity
The most recent transaction is an insider sale by VPE Holdings, LLC, the company’s Director. SEC filings show that VPE Holdings, LLC sold 18,000,000 shares of the company’s common stock on Nov 17 at a price of $16.75 per share for a total of $301.55 million. Following the sale, the insider now owns 77.26 million shares.
Vertiv Holdings Co. disclosed in a document filed with the SEC on Nov 17 that VPE Holdings, LLC (Director) sold a total of 18,000,000 shares of the company’s common stock. The trade occurred on Nov 17 and was made at $16.75 per share for $301.55 million. Following the transaction, the insider now directly holds 77.26 million shares of the VRT stock.
Still, SEC filings show that on Aug 17, VPE Holdings, LLC (Director) disposed off 23,000,000 shares at an average price of $15.25 for $350.75 million. The insider now directly holds 95,261,955 shares of Vertiv Holdings Co. (VRT).