Vertiv (NYSE:VRT) Shares Up 2.3% – Should You Buy?

Vertiv Holdings Co (NYSE:VRT)’s stock price was 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 mid-day trading, a decline of 81% from the average daily volume of 8,182,256 shares. The stock had previously closed at $123.81.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on VRT shares. Mizuho raised their target price on shares of Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. UBS Group began coverage on shares of Vertiv in a research report on Wednesday. They set a “buy” rating and a $155.00 price target for the company. Bank of America lifted their price target on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. The Goldman Sachs Group lowered their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Finally, 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. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $125.40.

Vertiv Price Performance

The business’s 50 day moving average price is $102.48 and its 200 day moving average price is $93.08. The stock has a market capitalization of $47.08 billion, a P/E ratio of 84.89, a price-to-earnings-growth ratio of 1.34 and a beta of 1.58. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.07. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 earnings per share. Sell-side analysts forecast that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Announces Dividend

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

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the transaction, the insider now owns 10,542 shares of the company’s stock, valued at $843,254.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.01% of the company’s stock.

Institutional Investors Weigh In On Vertiv

A number of hedge funds have recently bought and sold shares of the business. Brooklyn Investment Group purchased a new stake in Vertiv during the third quarter valued at $30,000. The Manufacturers Life Insurance Company increased its position in Vertiv by 25.5% during the third quarter. The Manufacturers Life Insurance Company now owns 38,306 shares of the company’s stock valued at $3,811,000 after acquiring an additional 7,783 shares during the last quarter. Bank of Montreal Can increased its position in Vertiv by 30.5% during the third quarter. Bank of Montreal Can now owns 204,281 shares of the company’s stock valued at $20,103,000 after acquiring an additional 47,750 shares during the last quarter. Private Trust Co. NA increased its position in Vertiv by 25.0% during the third quarter. Private Trust Co. NA now owns 2,202 shares of the company’s stock valued at $219,000 after acquiring an additional 440 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC bought a new position in Vertiv during the third quarter valued at $1,525,000. Hedge funds and other 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.