Vertiv (NYSE:VRT) Trading Up 9.4% – Time to Buy?

Vertiv Holdings Co (NYSE:VRT) shot up 9.4% during trading on Wednesday . The company traded as high as $101.80 and last traded at $100.55. 6,918,805 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 10,582,776 shares. The stock had previously closed at $91.90.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. UBS Group initiated coverage on shares of Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price objective for the company. Fox Advisors assumed coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating on the stock. Morgan Stanley began coverage on Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective on the stock. Melius Research reiterated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Finally, Barclays lowered their target price on Vertiv from $142.00 to $131.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $138.57.

Vertiv Price Performance

The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The stock has a 50-day simple moving average of $119.62 and a 200 day simple moving average of $110.33. The stock has a market capitalization of $37.07 billion, a price-to-earnings ratio of 77.09, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64.

Vertiv (NYSE:VRT) last issued 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 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 earnings per share. On average, equities research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp grew its position in Vertiv by 8.1% in the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock valued at $128,000 after purchasing an additional 84 shares in the last quarter. Prestige Wealth Management Group LLC lifted its position in shares of Vertiv by 2.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company’s stock worth $420,000 after buying an additional 85 shares during the last quarter. Accurate Wealth Management LLC lifted its stake in Vertiv by 4.1% in the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock valued at $254,000 after purchasing an additional 87 shares during the last quarter. Horizon Investment Services LLC raised its position in Vertiv by 4.1% in the fourth quarter. Horizon Investment Services LLC now owns 2,410 shares of the company’s stock valued at $274,000 after purchasing an additional 95 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC raised its position in Vertiv by 3.1% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company’s stock worth $367,000 after purchasing an additional 97 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.