Vertiv Holdings Co [NYSE: VRT] closed the trading session at $21.86 on 10/13/21. The day’s price range saw the stock hit a low of $21.33, while the highest price level was $21.98. The company report on October 13, 2021 that Vertiv Group Corporation Announces Intention to Offer New Senior Secured Notes.
Vertiv Holdings Co (“Vertiv”) (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, announced that a subsidiary, Vertiv Group Corporation (the “Issuer”), intends to offer $850 million aggregate principal amount of its Senior Secured Notes due 2028 (the “Notes”) in a private placement, subject to market and other conditions. The Issuer intends to use the net proceeds from the offering, together with cash on hand, to finance the cash portion of the purchase price of Vertiv’s pending acquisition of E&I Engineering Ireland Limited and its affiliate, Powerbar Gulf LLC (collectively, “E&I”), and to pay fees and expenses related to the E&I acquisition and the offering. The Notes will be guaranteed on a senior secured basis by Vertiv Intermediate Holdings II Corporation and the existing and future wholly owned domestic restricted subsidiaries of the Issuer (each, a “Guarantor”). The Notes will be secured by liens on certain collateral from time to time owned by the Issuer and each Guarantor, subject to certain exceptions.
The Notes have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws. The Notes may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes will be offered only to persons reasonably believed to be “qualified institutional buyers” in reliance on the exemption from registration provided by Rule 144A under the Securities Act and to certain non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.
The stocks have a year to date performance of 17.09 percent and weekly performance of -5.24 percent. The stock has been moved at -2.41 percent over the last six months. The stock has performed -7.53 percent around the most recent 30 days and changed -17.48 percent over the most recent 3-months.
If compared to the average trading volume of 2.33M shares, VRT reached to a volume of 4889388 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Vertiv Holdings Co [VRT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VRT shares is $31.86 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VRT stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for Vertiv Holdings Co shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 13, 2021. While these analysts kept the previous recommendation, JP Morgan raised their target price to Overweight. The new note on the price target was released on April 08, 2021, representing the official price target for Vertiv Holdings Co stock. Previously, the target price had yet another raise to $22, while Vertical Research analysts kept a Buy rating on VRT stock.
The Average True Range (ATR) for Vertiv Holdings Co is set at 0.70, with the Price to Sales ratio for VRT stock in the period of the last 12 months amounting to 1.65. The Price to Book ratio for the last quarter was 10.36. Price to Free Cash Flow for VRT in the course of the last twelve months was 20.42 with Quick ratio for the last quarter at 1.30.
VRT stock trade performance evaluation
Vertiv Holdings Co [VRT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.24. With this latest performance, VRT shares dropped by -7.53% in over the last four-week period, additionally sinking by -2.41% over the last 6 months – not to mention a rise of 21.92% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VRT stock in for the last two-week period is set at 28.12, with the RSI for the last a single of trading hit 25.15, and the three-weeks RSI is set at 30.81 for Vertiv Holdings Co [VRT]. The present Moving Average for the last 50 days of trading for this stock 25.55, while it was recorded at 22.28 for the last single week of trading, and 23.50 for the last 200 days.
Vertiv Holdings Co [VRT]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Vertiv Holdings Co [VRT] shares currently have an operating margin of +7.70 and a Gross Margin at +30.77. Vertiv Holdings Co’s Net Margin is presently recorded at -7.49.
Return on Total Capital for VRT is now 19.28, given the latest momentum, and Return on Invested Capital for the company is -19.09. Return on Equity for this stock declined to -54.99, with Return on Assets sitting at -11.32. When it comes to the capital structure of this company, Vertiv Holdings Co [VRT] has a Total Debt to Total Equity ratio set at 449.54. Additionally, VRT Total Debt to Total Capital is recorded at 81.80, with Total Debt to Total Assets ending up at 45.37. Long-Term Debt to Equity for the company is recorded at 436.98, with the Long-Term Debt to Total Capital now at 79.52.
Reflecting on the efficiency of the workforce at the company, Vertiv Holdings Co [VRT] managed to generate an average of -$15,607 per employee. Receivables Turnover for the company is 6.45 with a Total Asset Turnover recorded at a value of 1.51.Vertiv Holdings Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.70.
Earnings per share (EPS) analysis for Vertiv Holdings Co [VRT] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VRT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Vertiv Holdings Co go to 19.80%.
Vertiv Holdings Co [VRT]: Insider Ownership positions
There are presently around $7,408 million, or 97.70% of VRT stock, in the hands of institutional investors. The top three institutional holders of VRT stocks are: PLATINUM EQUITY ADVISORS, LLC/DE with ownership of 59,880,215, which is approximately 0% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 24,458,398 shares of the stock with an approximate value of $534.66 million in VRT stocks shares; and BLACKROCK INC., currently with $502.97 million in VRT stock with ownership of nearly -5.603% of the company’s market capitalization.
Positions in Vertiv Holdings Co stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 172 institutional holders increased their position in Vertiv Holdings Co [NYSE:VRT] by around 48,846,078 shares. Additionally, 127 investors decreased positions by around 37,139,396 shares, while 35 investors held positions by with 252,886,299 shares. The mentioned changes placed institutional holdings at 338,871,773 shares, according to the latest SEC report filing. VRT stock had 63 new institutional investments in for a total of 27,511,289 shares, while 40 institutional investors sold positions of 6,868,060 shares during the same period.