Vertiv (NYSE:VRT) Shares Up 2.3% – Should You Buy?

Vertiv Holdings Co (NYSE:VRT) shares shot up 2.3% on Wednesday . The stock traded as high as $128.71 and last traded at $126.61. 1,579,869 shares were traded during trading, a decline of 81% from the average session volume of 8,182,256 shares. The stock had previously closed at $123.81.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VRT. The Goldman Sachs Group decreased their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Bank of America raised their price target on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. UBS Group began coverage on shares of Vertiv in a research note on Wednesday. They set a “buy” rating and a $155.00 price target for the company. Mizuho raised their price target on shares of Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Oppenheimer raised their target price on shares of Vertiv from $115.00 to $121.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $125.40.

Vertiv Stock Up 1.3 %

The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The company has a market cap of $47.08 billion, a price-to-earnings ratio of 84.89, a P/E/G ratio of 1.34 and a beta of 1.58. The stock has a fifty day moving average price of $102.48 and a two-hundred day moving average price of $93.08.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the firm earned $0.52 earnings per share. The company’s revenue was up 19.0% on a year-over-year basis. As a group, sell-side analysts expect that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.08%. Vertiv’s payout ratio is presently 6.67%.

Insiders Place Their Bets

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the sale, the insider now owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 5.01% of the company’s stock.

Hedge Funds Weigh In On Vertiv

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Vertiv by 5.5% in the first quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock valued at $2,745,930,000 after buying an additional 1,766,784 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Vertiv by 303.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock valued at $390,143,000 after buying an additional 3,591,903 shares in the last quarter. Jennison Associates LLC lifted its stake in Vertiv by 10,825.0% in the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after purchasing an additional 4,558,306 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Vertiv in the 2nd quarter worth $331,091,000. Finally, Westfield Capital Management Co. LP grew its holdings in Vertiv by 1.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company’s stock worth $359,315,000 after acquiring an additional 40,696 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

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.