Vertiv (NYSE:VRT) Trading Up 5.7% – Should You Buy?

Shares of Vertiv Holdings Co (NYSE:VRT) were up 5.7% during mid-day trading on Monday . The company traded as high as $93.98 and last traded at $93.68. Approximately 2,112,055 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 8,507,862 shares. The stock had previously closed at $88.63.

Analyst Ratings Changes

Several research firms recently commented on VRT. Melius Research restated a “hold” rating and set a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Fox Advisors initiated coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating for the company. Royal Bank of Canada began coverage on shares of Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price on the stock. Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research report on Tuesday, January 28th. Finally, Citigroup increased their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Vertiv currently has a consensus rating of “Moderate Buy” and an average target price of $136.07.

Vertiv Price Performance

The firm’s 50 day simple moving average is $106.11 and its two-hundred day simple moving average is $111.68. The firm has a market capitalization of $34.86 billion, a P/E ratio of 71.52, a P/E/G ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $0.56 earnings per share. As a group, analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.16%. The ex-dividend date is Tuesday, March 18th. Vertiv’s dividend payout ratio is 11.72%.

Institutional Investors Weigh In On Vertiv

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

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.