Vertiv Holdings Co (NYSE:VRT) has a beta value of 1.60 and has seen 5.46 million shares traded in the last trading session. The company, currently valued at $42.17B, closed the last trade at $112.41 per share which meant it gained $0.57 on the day or 0.51% during that session. The VRT stock price is 0.3% off its 52-week high price of $112.07 and 69.22% above the 52-week low of $34.60. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.59 million shares traded. The 3-month trading volume is 8.34 million shares.
The consensus among analysts is that Vertiv Holdings Co (VRT) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 12 have rated it as a Hold, with 10 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.69.
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Vertiv Holdings Co (NYSE:VRT) trade information
Sporting 0.51% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the VRT stock price touched $112.41 or saw a rise of 0.9%. Year-to-date, Vertiv Holdings Co shares have moved 134.04%, while the 5-day performance has seen it change 5.32%. Over the past 30 days, the shares of Vertiv Holdings Co (NYSE:VRT) have changed 31.08%. Short interest in the company has seen 18.9 million shares shorted with days to cover at 2.55.
Wall Street analysts have a consensus price target for the stock at $93, which means that the shares’ value could drop -20.87% from current levels. The projected low price target is $15.0 while the price target rests at a high of $115.0. In that case, then, we find that the current price level is -2.3% off the targeted high while a plunge would see the stock lose 86.66% from current levels.
Vertiv Holdings Co (VRT) estimates and forecasts
Figures show that Vertiv Holdings Co shares have outperformed across the wider relevant industry. The company’s shares have gained 39.35% over the past 6 months, with this year growth rate of 45.76%, compared to 14.40% for the industry. Revenue growth from the last financial year stood is estimated to be 12.60%.
13 analysts offering their estimates for the company have set an average revenue estimate of 1.98B for the current quarter. 13 have an estimated revenue figure of 2.15B for the next ending quarter. Year-ago sales stood 1.74B and 1.87B respectively for this quarter and the next, and analysts expect sales will grow by 13.50% for the current quarter and 12.60% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 82.85% over the past 5 years. Earnings growth for 2024 is a modest 43.96% while over the next 5 years, the company’s earnings are expected to increase by 31.23%.
VRT Dividends
Vertiv Holdings Co is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.10 at a share yield of 0.09%. The company’s dividend yield has gone up over the past 12 months.
Vertiv Holdings Co (NYSE:VRT)’s Major holders
Insiders own 0.90% of the company shares, while shares held by institutions stand at 85.21% with a share float percentage of 85.99%. Investors are also buoyed by the number of investors in a company, with Vertiv Holdings Co having a total of 1258.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 34.13 million shares worth more than $2.95 billion. As of 2024-06-30, BLACKROCK INC. held 9.0024% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 33.65 million shares as of 2024-06-30. The firm’s total holdings are worth over $2.91 billion and represent 8.8747% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund . As of Jun 30, 2024 , the former fund manager holds about 3.00% shares in the company for having 11.26 shares of worth $1.27 billion while later fund manager owns 7.62 shares of worth $856.33 million as of Jun 30, 2024 , which makes it owner of about 2.03% of company’s outstanding stock.
