Vertiv (NYSE:VRT) Trading Up 1.5% – Should You Buy?

Shares of Vertiv Holdings Co (NYSE:VRT) were up 1.5% during mid-day trading on Thursday . The stock traded as high as $90.74 and last traded at $90.54. Approximately 1,919,668 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 8,524,882 shares. The stock had previously closed at $89.17.

Analysts Set New Price Targets

VRT has been the subject of a number of research analyst reports. Melius Research reaffirmed a “hold” rating and issued a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Morgan Stanley began coverage on Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. Royal Bank of Canada began coverage on Vertiv in a report on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price on the stock. Barclays cut 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. Finally, Citigroup increased their price objective on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Four investment 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $136.07.

Vertiv Stock Performance

The company has a market cap of $33.73 billion, a PE ratio of 69.20, a PEG ratio of 1.07 and a beta of 1.71. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The business’s 50 day moving average is $107.46 and its two-hundred day moving average is $110.91.

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 return on equity of 61.41% and a net margin of 6.19%. During the same period in the prior year, the business earned $0.56 EPS. On average, equities research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.17%. Vertiv’s payout ratio is 11.72%.

Institutional Investors Weigh In On Vertiv

Institutional investors and hedge funds have recently modified their holdings of the stock. SOA Wealth Advisors LLC. purchased a new position in Vertiv during the fourth quarter valued at $26,000. OLD Second National Bank of Aurora purchased a new position in shares of Vertiv during the fourth quarter valued at about $30,000. Tradewinds Capital Management LLC increased its holdings in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after purchasing an additional 111 shares during the last quarter. Mark Sheptoff Financial Planning LLC lifted its position in shares of Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after buying an additional 200 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new position in Vertiv during the fourth quarter valued at approximately $34,000. Institutional investors own 89.92% of the company’s stock.

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.