In the latest trading session, 2.05 million Vertiv Holdings Co (NYSE:VRT) shares changed hands as the company’s beta touched 1.61. With the company’s most recent per share price at $127.36 changing hands around $0.31 or 0.24% at last look, the market valuation stands at $47.80B. VRT’s current price is a discount, trading about -14.38% off its 52-week high of $145.67. The share price had its 52-week low at $43.66, which suggests the last value was 65.72% up since then. When we look at Vertiv Holdings Co’s average trading volume, we note the 10-day average is 8.22 million shares, with the 3-month average coming to 6.93 million.
Analysts gave the Vertiv Holdings Co (VRT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 12 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended VRT as a Hold, 10 felt it is a Buy and 0 rated the stock as Underweight. Vertiv Holdings Co’s EPS for the current quarter is expected to be 0.81.
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Vertiv Holdings Co (NYSE:VRT) trade information
Instantly VRT is in green as seen in intraday trades today. With action -3.54%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 165.17%, with the 5-day performance at -3.54% in the red. However, in the 30-day time frame, Vertiv Holdings Co (NYSE:VRT) is 19.14% up. Looking at the short shares, we see there were 16.66 million shares sold at short interest cover period of 2.55 days.
The consensus price target for the stock as assigned by Wall Street analysts is 115, meaning bulls need a downside of -10.75% from its recent market value. According to analyst projections, VRT’s forecast low is 15 with 155 as the target high. To hit the forecast high, the stock’s price needs a -21.7% plunge from its current level, while the stock would need to tank 88.22% for it to hit the projected low.
Vertiv Holdings Co (VRT) estimates and forecasts
Data shows that the Vertiv Holdings Co share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 38.30% over the past 6 months, a 51.98% in annual growth rate that is considerably higher than the industry average of 15.40%. Year-over-year growth is forecast to reach 13.92% up from the last financial year.
Consensus estimates given by 14 financial analysts project the company’s revenue in the current quarter to hit an average of 2.15B. 7 analysts are of the opinion that Vertiv Holdings Co’s revenue for the current quarter will be 1.93B. The company’s revenue for the corresponding quarters a year ago was 1.87B and 1.64B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 15.45%. The estimates for the next quarter sales put growth at 17.45%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 82.85%. The 2024 estimates are for Vertiv Holdings Co earnings to increase by 50.10%, but the outlook for the next 5-year period is at 35.47% per year.
VRT Dividends
Vertiv Holdings Co is expected to release its next quarterly earnings report in January. The 0.08% annual yield figure for the share gives it an annual dividend of 0.10. It is important to note, however, that the 0.08% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Vertiv Holdings Co (NYSE:VRT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.91% of Vertiv Holdings Co shares while 87.22% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 88.02%. There are 87.22% institutions holding the Vertiv Holdings Co stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 9.0024% of the shares, roughly 34.13 million VRT shares worth $2.95 billion.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 8.8747% or 33.65 million shares worth $2.91 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. With 11.26 shares estimated at $1.43 billion under it, the former controlled 3.00% of total outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held about 2.01% of the shares, roughly 7.55 shares worth around $959.3 million.
