Vertiv (NYSE:VRT) Stock Price Up 2.3% – Time to Buy?

Vertiv Holdings Co (NYSE:VRT)’s share price traded up 2.3% during mid-day trading on Tuesday . The company traded as high as $73.14 and last traded at $73.19. 1,060,377 shares changed hands during trading, a decline of 88% from the average session volume of 8,986,612 shares. The stock had previously closed at $71.57.

Analyst Ratings Changes

VRT has been the subject of several research reports. The Goldman Sachs Group lowered their price objective on shares of Vertiv from $135.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Tuesday, January 28th. Citigroup reduced their price target on shares of Vertiv from $153.00 to $98.00 and set a “buy” rating for the company in a research report on Monday. Barclays reduced their target price on shares of Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a report on Friday, April 4th. Finally, Roth Capital raised Vertiv to a “strong-buy” rating in a research report on Monday, April 7th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.94.

Vertiv Stock Up 1.2 %

The business’s 50 day moving average is $88.22 and its 200-day moving average is $109.37. The stock has a market cap of $27.59 billion, a price-to-earnings ratio of 56.60, a PEG 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.

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 last year, the firm posted $0.56 EPS. On average, sell-side analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date was Tuesday, March 18th. Vertiv’s payout ratio is 11.72%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Focus Financial Network Inc. increased its stake in shares of Vertiv by 58.0% in the 1st quarter. Focus Financial Network Inc. now owns 5,202 shares of the company’s stock worth $376,000 after acquiring an additional 1,910 shares during the last quarter. EdgeRock Capital LLC grew its stake in shares of Vertiv by 18.8% in the 1st quarter. EdgeRock Capital LLC now owns 9,780 shares of the company’s stock valued at $706,000 after buying an additional 1,548 shares during the period. Rowlandmiller & PARTNERS.ADV increased its holdings in shares of Vertiv by 43.0% during the 1st quarter. Rowlandmiller & PARTNERS.ADV now owns 35,558 shares of the company’s stock worth $2,567,000 after buying an additional 10,694 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of Vertiv by 4.0% during the 1st quarter. Handelsbanken Fonder AB now owns 399,996 shares of the company’s stock valued at $28,880,000 after buying an additional 15,322 shares during the period. Finally, Abacus FCF Advisors LLC lifted its holdings in Vertiv by 2.8% in the first quarter. Abacus FCF Advisors LLC now owns 47,428 shares of the company’s stock valued at $3,424,000 after acquiring an additional 1,298 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.