Vertiv (NYSE:VRT) Trading 2.3% Higher – Time to Buy?

Shares of Vertiv Holdings Co (NYSE:VRT) were up 2.3% during trading on Wednesday . The stock traded as high as $128.71 and last traded at $126.61. Approximately 1,579,869 shares were traded during trading, a decline of 81% from the average daily volume of 8,182,256 shares. The stock had previously closed at $123.81.

Analyst Ratings Changes

Several brokerages recently weighed in on VRT. Citigroup increased their price objective on Vertiv from $130.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Mizuho raised their price objective on Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. The Goldman Sachs Group decreased their target price on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Oppenheimer lifted their price target on shares of Vertiv from $115.00 to $121.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Bank of America upped their price objective on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $125.40.

Vertiv Trading Down 2.8 %

The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $45.44 billion, a PE ratio of 80.71, a PEG ratio of 1.35 and a beta of 1.58. The business’s 50-day moving average is $103.47 and its two-hundred day moving average is $93.30.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the business earned $0.52 earnings per share. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. On average, analysts anticipate that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.08%. The ex-dividend date was Tuesday, September 17th. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

Insiders Place Their Bets

In related news, insider Karsten Winther sold 44,924 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the sale, the insider now directly owns 10,542 shares in the company, valued at approximately $843,254.58. This trade represents a 80.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 5.01% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vertiv

Hedge funds and other institutional investors have recently bought and sold shares of the business. TOMS Capital Investment Management LP bought a new stake in shares of Vertiv in the third quarter worth $48,103,000. Paloma Partners Management Co acquired a new stake in shares of Vertiv in the 3rd quarter valued at about $495,000. Kestra Investment Management LLC grew its stake in Vertiv by 19.4% in the third quarter. Kestra Investment Management LLC now owns 22,740 shares of the company’s stock worth $2,262,000 after purchasing an additional 3,694 shares in the last quarter. Alerus Financial NA increased its holdings in Vertiv by 155.5% in the third quarter. Alerus Financial NA now owns 50,347 shares of the company’s stock valued at $5,009,000 after buying an additional 30,642 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC raised its stake in Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after buying an additional 200 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Company Profile

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.