In today’s recent session, 1.79 million shares of the Vertiv Holdings Co (NYSE:VRT) have been traded, and its beta is 1.59. Most recently the company’s share price was $107.88, and it changed around $1.06 or 0.99% from the last close, which brings the market valuation of the company to $40.47B. VRT at last check was trading at a discount to its 52-week high of $109.27, offering almost -1.29% off that amount. The share price’s 52-week low was $34.60, which indicates that the recent value has risen by an impressive 67.93% since then. We note from Vertiv Holdings Co’s average daily trading volume that its 10-day average is 6.32 million shares, with the 3-month average coming to 8.34 million.
Vertiv Holdings Co stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 15 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 1 recommended VRT as a Hold, whereas 9 deemed it a Buy, and 0 rated it as Underweight. Vertiv Holdings Co is expected to report earnings per share of 0.69 for the current quarter.
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Vertiv Holdings Co (NYSE:VRT) trade information
Instantly VRT has been showing a green trend so far today with a performance of 0.99% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 109.20 on recent trading dayincreased the stock’s daily price by 1.21%. The company’s shares are currently up 124.61% year-to-date, but still up 5.48% over the last five days. On the other hand, Vertiv Holdings Co (NYSE:VRT) is 42.94% up in the 30-day period. We can see from the shorts that 19.43 million shares have been sold at a short interest cover period of 2.83 day(s).
The consensus price target as assigned by Wall Street analysts is $93, which translates to bulls needing to decrease their stock price by -16.0% from its current value. Analyst projections state that VRT is forecast to be at a low of $15 and a high of $115.
Vertiv Holdings Co (VRT) estimates and forecasts
Vertiv Holdings Co share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 27.26 percent over the past six months and at a 45.76% annual growth rate that is well above the industry average of 15.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 32.70% in revenue this quarter, and will report an increase of 33.90% in the next quarter. The year-over-year growth rate is expected to be 12.50%, up from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of 1.98B in revenue for the current quarter. 13 analysts expect Vertiv Holdings Co to make 2.15B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.74B and 1.87B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 13.40%. Forecasts for the next quarter put sales growth at 15.40%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 82.85%. Vertiv Holdings Co earnings are expected to increase by 43.94% in 2024, but the outlook is positive 31.23% per year for the next five years.
VRT Dividends
Vertiv Holdings Co’s next quarterly earnings report is expected to be released on 2024-Oct-23. The annual dividend yield of the stock is 0.09 percent and its annual dividend per share was 0.10. It is important to note, however, that the 0.09% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Vertiv Holdings Co (NYSE:VRT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.90% of Vertiv Holdings Co shares, and 85.01% of them are in the hands of institutional investors. The stock currently has a share float of 85.78%. Vertiv Holdings Co stock is held by 1256.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 9.0024% of the shares, which is about 34.13 million shares worth $2.95 billion.
VANGUARD GROUP INC, with 8.8747% or 33.65 million shares worth $2.91 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
