Vertiv (NYSE:VRT) Stock Price Up 4.8% – Still a Buy?

Vertiv Holdings Co (NYSE:VRT)’s stock price was up 4.8% on Friday . The stock traded as high as $87.60 and last traded at $87.11. Approximately 2,293,213 shares traded 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 Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup raised 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. Morgan Stanley started coverage on Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price for the company. Evercore ISI reduced their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. upped their price objective on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Finally, Royal Bank of Canada assumed coverage on shares of Vertiv in a report on Friday, March 7th. They set an “outperform” rating and a $121.00 target price for the company. Four equities research 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.07.

Vertiv Price Performance

The company has a 50 day moving average of $112.45 and a 200 day moving average of $110.61. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The stock has a market capitalization of $33.17 billion, a price-to-earnings ratio of 67.87, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates 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 in the prior year, the firm posted $0.56 EPS. As a group, equities research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

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

Institutional Trading of Vertiv

Institutional investors and hedge funds have recently made changes to their positions in the company. SOA Wealth Advisors LLC. acquired a new stake in Vertiv during the 4th quarter worth $26,000. Mark Sheptoff Financial Planning LLC raised its stake 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 acquiring an additional 200 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Vertiv during the 3rd quarter worth approximately $30,000. OLD Second National Bank of Aurora acquired a new position in shares of Vertiv in the fourth quarter valued at approximately $30,000. Finally, Tradewinds Capital Management LLC raised its stake in shares of Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after purchasing an additional 111 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other 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.