Vertiv (NYSE:VRT) Shares Up 0.5% – Should You Buy?

Vertiv Holdings Co (NYSE:VRT) shares traded up 0.5% during mid-day trading on Wednesday . The stock traded as high as $87.98 and last traded at $86.79. 2,057,598 shares changed hands during trading, a decline of 81% from the average session volume of 10,901,045 shares. The stock had previously closed at $86.39.

Analysts Set New Price Targets

A number of analysts recently commented on VRT shares. Citigroup raised their price target on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Barclays dropped their target price on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a research report on Monday. UBS Group assumed coverage on shares of Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. Finally, Oppenheimer increased their target price on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Vertiv currently has an average rating of “Moderate Buy” and an average target price of $137.14.

Vertiv Stock Performance

The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The business has a 50 day moving average price of $117.05 and a 200 day moving average price of $110.79. The stock has a market capitalization of $33.84 billion, a PE ratio of 69.44, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same quarter in the prior year, the business posted $0.56 EPS. As a group, equities research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Institutional Investors Weigh In On Vertiv

Several institutional investors and hedge funds have recently made changes to their positions in VRT. SOA Wealth Advisors LLC. purchased a new position in shares of Vertiv in the fourth quarter worth $26,000. Mark Sheptoff Financial Planning LLC raised its position in Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after buying an additional 200 shares during the last quarter. Brooklyn Investment Group purchased a new position in Vertiv in the 3rd quarter worth about $30,000. OLD Second National Bank of Aurora bought a new position in Vertiv during the fourth quarter valued at approximately $30,000. Finally, Tradewinds Capital Management LLC raised its stake in Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after buying an additional 111 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

About Vertiv

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.