Vertiv Holdings Co (NYSE: VRT) stock jumped 1.05% on Friday to $43.29 against a previous-day closing price of $42.84. With 4.78 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.14 million shares. The 52-week range on VRT shows that it touched its highest point at $44.96 and its lowest point at $11.95 during that stretch. It currently has a 1-year price target of $45.83. Beta for the stock currently stands at 1.42.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VRT was up-trending over the past week, with a rise of 3.49%, but this was up by 15.69% over a month. Three-month performance surged to 23.44% while six-month performance rose 178.21%. The stock gained 211.89% in the past year, while it has gained 216.91% so far this year. A look at the trailing 12-month EPS for VRT yields 0.65 with Next year EPS estimates of 2.10. For the next quarter, that number is 0.50. This implies an EPS growth rate of 223.22% for this year and 22.32% for next year.
Float and Shares Shorts:
At present, 377.37 million VRT shares are outstanding with a float of 348.27 million shares on hand for trading. On Oct 30, 2023, short shares totaled 9.32 million, which was 2.44% higher than short shares on Sep 28, 2023. In addition to Mr. David M. Cote as the firm’s Executive Chairman, Mr. Giordano Albertazzi serves as its CEO & Director.
Institutional Ownership:
Through their ownership of 89.21% of VRT’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 8.87% of VRT, in contrast to 48.32% held by mutual funds. Shares owned by individuals account for 41.75%. As the largest shareholder in VRT with 11.05% of the stake, Fidelity Management & Research Co holds 42,160,276 shares worth 42,160,276. A second-largest stockholder of VRT, The Vanguard Group, Inc., holds 31,161,103 shares, controlling over 8.17% of the firm’s shares. Barrow, Hanley, Mewhinney & Strau is the third largest shareholder in VRT, holding 26,053,039 shares or 6.83% stake. With a 3.79% stake in VRT, the Hardman Johnston Global Equity is the largest stakeholder. A total of 14,445,751 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.81% of VRT stock, is the second-largest Mutual Fund holder. It holds 10,712,360 shares valued at 420.67 million. Vanguard Small Cap Index Fund holds 2.32% of the stake in VRT, owning 8,832,692 shares worth 346.86 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VRT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With VRT analysts setting a high price target of $52.00 and a low target of $39.00, the average target price over the next 12 months is $45.83. Based on these targets, VRT could surge 20.12% to reach the target high and fall by -9.91% to reach the target low. Reaching the average price target will result in a growth of 5.87% from current levels.
Summary of Insider Activity:
Insiders traded VRT stock several times over the past three months with 1 Buys and 4 Sells. In these transactions, 36,008 shares were bought while 10,038,977 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 24 over the past year. The total number of shares bought during that period was 71,620 while 36,384,594 shares were sold.
