Vertiv Holdings Co (NYSE: VRT) is 72.12% higher on its value in year-to-date trading and has touched a low of $11.95 and a high of $84.75 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 $81.95 in the last trading session, with the day’s gains setting it 0.72%.
Currently trading at $82.67, the stock is 12.85% and 28.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.36 million and changing 0.88% at the moment leaves the stock 89.76% off its SMA200. VRT registered 531.55% gain for a year compared to 6-month gain of 124.83%. The firm has a 50-day simple moving average (SMA 50) of $4.94 and a 200-day simple moving average (SMA200) of $34.45.
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The stock witnessed a 24.67% loss in the last 1 month and extending the period to 3 months gives it a 69.48%, and is 7.28% 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 4.00% over the week and 4.23% over the month.
Vertiv Holdings Co (VRT) has around 27000 employees, a market worth around $31.58B and $6.86B in sales. Current P/E ratio is 70.27 and Fwd P/E is 29.11. Profit margin for the company is 6.71%. Distance from 52-week low is 591.80% and -2.45% from its 52-week high. The company has generated returns on investments over the last 12 months (9.07%).
Vertiv Holdings Co quarterly earnings per share for the current quarter are estimated at $0.35 with sales reaching $1.61B over the same period.The EPS is expected to grow by 29.51% this year, but quarterly earnings will post 10.90% year-over-year. Quarterly sales are estimated to grow 6.20% in year-over-year returns.
Vertiv Holdings Co (VRT) Top Institutional Holders
768 institutions hold shares in Vertiv Holdings Co (VRT), with institutional investors hold 97.15% of the company’s shares. The shares outstanding are 381.79M, and float is at 365.27M with Short Float at 2.26%. Institutions hold 89.33% of the Float.
The top institutional shareholder in the company is Platinum Equity Advisors, LLC/DE with over 37.96 million shares valued at $940.15 million. The investor’s holdings represent 9.97% of the VRT Shares outstanding. As of Jun 29, 2023, the second largest holder is Barrow, Hanley Mewhinney & Strauss, LLC with 31.2 million shares valued at $772.84 million to account for 8.20% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 28.21 million shares representing 7.41% and valued at over $698.79 million, while FMR, LLC holds 4.40% of the shares totaling 16.72 million with a market value of $414.27 million.
Vertiv Holdings Co (VRT) Insider Activity
The most recent transaction is an insider sale by Cripps Scott,the company’sChief Accounting Officer. SEC filings show that Cripps Scott sold 56,594 shares of the company’s common stock on Mar 08 ’24 at a price of $70.76 per share for a total of $4.0 million. Following the sale, the insider now owns 0.0 shares.
Vertiv Holdings Co disclosed in a document filed with the SEC on Mar 01 ’24 that Liang Stephen (Chief Technology Officer & EVP) sold a total of 306,196 shares of the company’s common stock. The trade occurred on Mar 01 ’24 and was made at $70.24 per share for $21.51 million. Following the transaction, the insider now directly holds 51841.0 shares of the VRT stock.
Still, SEC filings show that on Sep 08 ’23, VPE Holdings, LLC (Director) disposed off 10,000,000 shares at an average price of $37.50 for $375.0 million. The insider now directly holds 7,955,215 shares of Vertiv Holdings Co (VRT).
