Vertiv (NYSE:VRT) Shares Up 4.3% – Should You Buy?

Shares of Vertiv Holdings Co (NYSE:VRT) traded up 4.3% on Tuesday . The company traded as high as $73.76 and last traded at $75.30. 2,372,483 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 8,744,576 shares. The stock had previously closed at $72.20.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on VRT shares. Fox Advisors assumed coverage on shares of Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. Melius Research reiterated a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. Royal Bank of Canada assumed coverage on Vertiv in a research note on Friday, March 7th. They set an “outperform” rating and a $121.00 target price for the company. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research report on Tuesday, January 28th. Finally, Citigroup boosted their price objective on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.33.

Vertiv Trading Up 2.3 %

The business has a 50-day moving average of $101.47 and a 200-day moving average of $111.58. The stock has a market capitalization of $28.13 billion, a price-to-earnings ratio of 57.73, a PEG ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

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

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. The ex-dividend date was Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Hedge Funds Weigh In On Vertiv

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Silverleafe Capital Partners LLC purchased a new position in Vertiv in the 4th quarter valued at approximately $4,219,000. Foundations Investment Advisors LLC raised its holdings in Vertiv by 7.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock valued at $21,076,000 after acquiring an additional 13,559 shares during the last quarter. Empowered Funds LLC lifted its position in Vertiv by 67.0% during the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock worth $1,043,000 after buying an additional 3,682 shares during the period. Gordian Capital Singapore Pte Ltd lifted its holdings in shares of Vertiv by 112.5% during the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock worth $846,000 after acquiring an additional 4,500 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in shares of Vertiv by 3,417.9% in the 4th quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock valued at $110,544,000 after purchasing an additional 936,698 shares during the last quarter. Institutional investors and hedge funds 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.