Vertiv (NYSE:VRT) Trading 4.2% Higher – Still a Buy?

Vertiv Holdings Co (NYSE:VRT)’s stock price shot up 4.2% during mid-day trading on Tuesday . The company traded as high as $70.35 and last traded at $66.50. 5,517,050 shares traded hands during trading, a decline of 38% from the average session volume of 8,911,829 shares. The stock had previously closed at $63.82.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VRT. Melius Research reiterated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Fox Advisors began coverage on Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating for the company. Evercore ISI cut their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Morgan Stanley started coverage on Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target on the stock. Finally, Roth Mkm began coverage on shares of Vertiv in a research note on Tuesday. They set a “buy” rating and a $75.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.94.

Vertiv Stock Performance

The company has a market cap of $23.55 billion, a price-to-earnings ratio of 47.95, a P/E/G ratio of 1.07 and a beta of 1.71. 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 company has a fifty day moving average of $94.45 and a two-hundred day moving average of $110.90.

Vertiv (NYSE:VRT) last announced its quarterly earnings results 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 return on equity of 61.41% and a net margin of 6.19%. During the same quarter last year, the business earned $0.56 EPS. 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 was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is currently 11.72%.

Hedge Funds Weigh In On Vertiv

Hedge funds have recently modified their holdings of the business. SOA Wealth Advisors LLC. bought a new position in Vertiv during the 4th quarter worth $26,000. OLD Second National Bank of Aurora bought a new position in shares of Vertiv during the fourth quarter worth about $30,000. Tradewinds Capital Management LLC lifted its stake in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares during the period. FNY Investment Advisers LLC bought a new stake in Vertiv in the fourth quarter valued at approximately $34,000. Finally, Pittenger & Anderson Inc. boosted its holdings in Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock valued at $36,000 after acquiring an additional 150 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.