Vertiv (NYSE:VRT) Trading Up 4.8% – Time to Buy?

Vertiv Holdings Co (NYSE:VRT)’s share price rose 4.8% on Friday . The company traded as high as $87.60 and last traded at $87.11. Approximately 2,293,213 shares changed hands during trading, a decline of 79% from the average daily volume of 10,794,495 shares. The stock had previously closed at $83.09.

Analyst Ratings Changes

VRT has been the topic of several recent research reports. Barclays reduced their price target on Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Evercore ISI reduced their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. lifted their price objective on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Citigroup increased their target price on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Oppenheimer lifted their price target on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $136.07.

Vertiv Stock Up 4.8 %

The firm has a market cap of $33.17 billion, a P/E ratio of 67.87, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The firm’s 50-day moving average price is $112.45 and its 200 day moving average price is $110.61. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last released its quarterly 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 quarter in the previous year, the firm earned $0.56 EPS. As a group, research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv’s dividend payout ratio is currently 11.72%.

Hedge Funds Weigh In On Vertiv

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. increased its stake in shares of Vertiv by 430.5% during the third quarter. Principal Financial Group Inc. now owns 165,557 shares of the company’s stock valued at $16,471,000 after acquiring an additional 134,349 shares during the period. Atria Investments Inc grew its stake in shares of Vertiv by 45.6% in the 3rd quarter. Atria Investments Inc now owns 16,690 shares of the company’s stock worth $1,660,000 after purchasing an additional 5,225 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Vertiv by 5.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,950 shares of the company’s stock worth $293,000 after purchasing an additional 156 shares in the last quarter. Apollon Wealth Management LLC lifted its stake in Vertiv by 71.8% during the third quarter. Apollon Wealth Management LLC now owns 9,894 shares of the company’s stock valued at $984,000 after purchasing an additional 4,135 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in Vertiv by 13.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 849,809 shares of the company’s stock worth $84,547,000 after buying an additional 102,042 shares in the last quarter. Institutional investors 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.