Vertiv (NYSE:VRT) Trading 2.9% Higher – Still a Buy?

Vertiv Holdings Co (NYSE:VRT) rose 2.9% during trading on Wednesday . The company traded as high as $87.70 and last traded at $87.09. Approximately 1,670,637 shares were traded during trading, a decline of 80% from the average daily volume of 8,546,230 shares. The stock had previously closed at $84.66.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VRT. Morgan Stanley started coverage on Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price on the stock. Citigroup upped their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Evercore ISI decreased their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research note on Tuesday, January 28th. Finally, Barclays lowered their price target on Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $136.07.

Vertiv Stock Down 2.4 %

The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $33.11 billion, a price-to-earnings ratio of 67.94, a P/E/G ratio of 1.07 and a beta of 1.71. The business has a fifty day simple moving average of $108.26 and a two-hundred day simple moving average of $110.87.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the company earned $0.56 earnings per share. Equities analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.17%. Vertiv’s payout ratio is 11.72%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. CIBC Asset Management Inc increased its stake in shares of Vertiv by 5.4% in the 3rd quarter. CIBC Asset Management Inc now owns 13,461 shares of the company’s stock valued at $1,339,000 after buying an additional 691 shares during the period. Empowered Funds LLC raised its holdings in Vertiv by 6.5% during the 3rd quarter. Empowered Funds LLC now owns 5,498 shares of the company’s stock worth $547,000 after purchasing an additional 335 shares during the last quarter. Natixis Advisors LLC grew its position in shares of Vertiv by 59.2% during the 3rd quarter. Natixis Advisors LLC now owns 128,451 shares of the company’s stock worth $12,779,000 after buying an additional 47,748 shares during the period. Caprock Group LLC bought a new stake in shares of Vertiv during the third quarter worth approximately $409,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Vertiv in the third quarter valued at approximately $869,000. 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.