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

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

Analyst Ratings Changes

VRT has been the subject of a number of research analyst reports. Royal Bank of Canada assumed coverage on shares of Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 price target for the company. Morgan Stanley began coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective on the stock. Fox Advisors assumed coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. Barclays reduced their target price on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Finally, Citigroup lifted their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.07.

Vertiv Stock Down 0.1 %

The firm has a market cap of $33.91 billion, a P/E ratio of 69.60, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The firm’s 50 day moving average is $109.07 and its two-hundred day moving average is $111.02. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (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 period last year, the business posted $0.56 earnings per share. As a group, research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Institutional Investors Weigh In On Vertiv

Institutional investors have recently added to or reduced their stakes in the stock. SOA Wealth Advisors LLC. acquired a new position in Vertiv during the 4th quarter worth approximately $26,000. 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 purchasing an additional 200 shares in the last quarter. Brooklyn Investment Group acquired a new position in Vertiv during the third quarter worth $30,000. OLD Second National Bank of Aurora acquired a new stake in Vertiv in the 4th quarter valued at $30,000. Finally, Tradewinds Capital Management LLC increased its stake in Vertiv by 61.3% in 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. 89.92% of the stock is owned by institutional investors.

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.