Vertiv (NYSE:VRT) Shares Up 2.4% - Should You Buy?

Vertiv Holdings Co (NYSE:VRT - Get Free Report) shot up 2.4% during trading on Wednesday . The stock traded as high as $109.67 and last traded at $108.12. 3,198,577 shares were traded during trading, a decline of 71% from the average session volume of 10,928,467 shares. The stock had previously closed at $105.58.

Analysts Set New Price Targets

Several brokerages recently commented on VRT. Melius Research reissued a "hold" rating and set a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Royal Bank of Canada began coverage on Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 price target for the company. JPMorgan Chase & Co. reduced their price target on Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Roth Mkm assumed coverage on Vertiv in a research report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price objective for the company. Finally, The Goldman Sachs Group cut their price objective on Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $120.38.

Vertiv Stock Performance

The firm has a market capitalization of $41.53 billion, a price-to-earnings ratio of 85.13, a PEG ratio of 1.07 and a beta of 1.70. The company has a fifty day moving average of $81.20 and a two-hundred day moving average of $106.13. 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 - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The business had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period last year, the firm posted $0.43 EPS. As a group, equities research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is presently 8.72%.

Insider Activity at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the transaction, the insider now owns 18,847 shares of the company's stock, valued at $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.01% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Atika Capital Management LLC raised its holdings in shares of Vertiv by 38.0% during the 1st quarter. Atika Capital Management LLC now owns 487,100 shares of the company's stock worth $35,169,000 after buying an additional 134,149 shares in the last quarter. Banco BTG Pactual S.A. raised its holdings in shares of Vertiv by 430.4% during the 1st quarter. Banco BTG Pactual S.A. now owns 14,300 shares of the company's stock worth $1,032,000 after buying an additional 11,604 shares in the last quarter. Knollwood Investment Advisory LLC raised its holdings in shares of Vertiv by 21.4% during the 1st quarter. Knollwood Investment Advisory LLC now owns 32,950 shares of the company's stock worth $2,379,000 after buying an additional 5,800 shares in the last quarter. GM Advisory Group LLC raised its holdings in shares of Vertiv by 634.0% during the 1st quarter. GM Advisory Group LLC now owns 19,906 shares of the company's stock worth $1,437,000 after buying an additional 17,194 shares in the last quarter. Finally, Capital Analysts LLC raised its holdings in shares of Vertiv by 10.6% during the 1st quarter. Capital Analysts LLC now owns 5,532 shares of the company's stock worth $399,000 after buying an additional 532 shares in 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.

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