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Vertiv (NYSE:VRT) Trading Up 3.8% - Time to Buy?

Vertiv logo with Computer and Technology background

Vertiv Holdings Co. (NYSE:VRT - Get Free Report)'s stock price rose 3.8% during trading on Wednesday . The stock traded as high as $131.44 and last traded at $130.02. Approximately 2,066,592 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 8,514,618 shares. The stock had previously closed at $125.29.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on VRT shares. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Vertiv in a research report on Friday, July 11th. Mizuho boosted their target price on Vertiv from $125.00 to $150.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Barclays increased their price objective on Vertiv from $90.00 to $110.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. Citigroup increased their price objective on Vertiv from $130.00 to $149.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, Oppenheimer boosted their target price on shares of Vertiv from $132.00 to $140.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Vertiv currently has an average rating of "Buy" and an average price target of $136.76.

Get Our Latest Stock Report on VRT

Vertiv Stock Up 2.4%

The firm's 50 day moving average price is $117.96 and its two-hundred day moving average price is $104.28. The company has a current ratio of 1.72, a quick ratio of 1.28 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $51.07 billion, a price-to-earnings ratio of 77.91, a price-to-earnings-growth ratio of 1.29 and a beta of 1.75.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the business posted $0.43 EPS. The business's revenue was up 24.2% compared to the same quarter last year. Sell-side analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were issued a dividend of $0.0375 per share. This represents a dividend yield of 0.14%. The ex-dividend date of this dividend was Monday, June 16th. This is an increase from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio is 8.72%.

Insider Activity at Vertiv

In other Vertiv news, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction on Friday, June 6th. The shares were sold at an average price of $115.83, for a total value of $5,059,801.89. Following the completion of the sale, the executive vice president directly owned 9,551 shares of the company's stock, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the sale, the insider directly owned 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.63% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VRT. GW&K Investment Management LLC bought a new stake in Vertiv in the first quarter worth about $26,000. SouthState Corp bought a new stake in Vertiv during the 1st quarter worth approximately $27,000. North Star Investment Management Corp. increased its holdings in shares of Vertiv by 4,120.0% in the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after buying an additional 412 shares during the last quarter. Sachetta LLC increased its holdings in shares of Vertiv by 242.0% in the 1st quarter. Sachetta LLC now owns 448 shares of the company's stock worth $32,000 after buying an additional 317 shares during the last quarter. Finally, Banque Transatlantique SA bought a new position in shares of Vertiv in the 1st quarter worth $33,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

About Vertiv

(Get Free Report)

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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