Vertiv (NYSE:VRT) Stock Jumps 3.3% – Time to Buy?

Vertiv Holdings Co. (NYSE:VRT)’s stock price traded up 3.3% on Friday. The stock traded as high as $192.14 and last traded at $182.4930. Approximately 9,566,904 shares changed hands during mid-day trading, an increase of 46% from the average daily volume of 6,568,320 shares. The stock had previously closed at $176.73.

Analyst Ratings Changes

A number of research analysts recently issued reports on VRT shares. KeyCorp dropped their target price on shares of Vertiv from $360.00 to $325.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Royal Bank Of Canada raised their price target on shares of Vertiv from $323.00 to $351.00 and gave the stock an “outperform” rating in a report on Thursday, October 29th. BNP Paribas Exane decreased their price target on shares of Vertiv from $380.00 to $365.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Vertiv from $331.00 to $323.00 and set a “buy” rating on the stock in a report on Wednesday, September 30th. Finally, Glj Research cut their price objective on shares of Vertiv from $188.00 to $187.00 and set a “sell” rating on the stock in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $337.78.

Vertiv Price Performance

The business has a 50-day moving average price of $238.71 and a two-hundred day moving average price of $269.70. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $70.26 billion, a price-to-earnings ratio of 34.11, a price-to-earnings-growth ratio of 0.65 and a beta of 2.11.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, October 28th. The company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.39. The firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $3.75 billion. Vertiv had a net margin of 15.99% and a return on equity of 53.31%. The business’s revenue was up 61.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.24 earnings per share. As a group, research analysts anticipate that Vertiv Holdings Co. will post 7.17 EPS for the current year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Monday, September 14th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Monday, September 14th. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. Vertiv’s dividend payout ratio is 4.67%.

Insider Buying and Selling at Vertiv

In related news, Director Edward Monser sold 15,287 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $253.82, for a total transaction of $3,880,146.34. Following the completion of the sale, the director owned 16,500 shares in the company, valued at approximately $4,188,030. This represents a 48.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vertiv

Institutional investors have recently added to or reduced their stakes in the company. Money Concepts Capital Corp lifted its holdings in Vertiv by 83.6% during the third quarter. Money Concepts Capital Corp now owns 1,985 shares of the company’s stock worth $479,000 after acquiring an additional 904 shares during the period. Allworth Financial LP grew its stake in Vertiv by 159.6% in the 3rd quarter. Allworth Financial LP now owns 43,752 shares of the company’s stock valued at $10,558,000 after purchasing an additional 26,900 shares during the period. Private Advisory Group LLC grew its stake in Vertiv by 17.0% in the 3rd quarter. Private Advisory Group LLC now owns 85,869 shares of the company’s stock valued at $20,721,000 after purchasing an additional 12,504 shares during the period. Russell Investments Group Ltd. grew its stake in Vertiv by 8.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 449,708 shares of the company’s stock valued at $108,745,000 after purchasing an additional 36,638 shares during the period. Finally, Everest Financial Group LLC purchased a new stake in shares of Vertiv during the 3rd quarter valued at $308,000. 89.92% of the stock is owned by institutional investors.

About Vertiv

Vertiv Holdings Co (NYSE: VRT) designs, manufactures and services critical digital infrastructure used by data centers, communications networks and commercial and industrial facilities. Its offerings help customers maintain reliable power, cooling and operating conditions for technology systems.

The company’s products and solutions include uninterruptible power supplies, power distribution equipment, thermal management systems, racks, integrated modular infrastructure, and monitoring and control software.