Vertiv (NYSE:VRT) Stock Price Up 9.4% - Should You Buy?

Vertiv Holdings Co (NYSE:VRT - Get Free Report) was up 9.4% during mid-day trading on Thursday . The stock traded as high as $94.42 and last traded at $93.39. Approximately 6,328,291 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 8,939,475 shares. The stock had previously closed at $85.38.

Analyst Ratings Changes

Several equities research analysts recently weighed in on VRT shares. JPMorgan Chase & Co. reduced their target price on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Melius lowered Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective on the stock. in a report on Tuesday, January 28th. Citigroup reduced their target price on Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group decreased their price target on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, Evercore ISI reduced their price objective on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Vertiv currently has an average rating of "Moderate Buy" and a consensus target price of $120.38.

Vertiv Stock Up 2.7 %

The firm's 50 day moving average is $80.08 and its two-hundred day moving average is $106.96. 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 firm has a market cap of $36.18 billion, a P/E ratio of 74.23, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the business posted $0.43 EPS. The firm's revenue was up 24.2% compared to the same quarter last year. As a group, research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. Vertiv's payout ratio is 8.72%.

Institutional Trading of Vertiv

Hedge funds and other institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA bought a new stake in Vertiv in the 4th quarter valued at approximately $597,379,000. Norges Bank bought a new stake in shares of Vertiv in the fourth quarter worth $391,777,000. Jennison Associates LLC grew its position in Vertiv by 68.6% in the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock valued at $880,971,000 after purchasing an additional 3,153,932 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Vertiv by 136.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock valued at $379,101,000 after buying an additional 1,928,275 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Vertiv by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock worth $4,130,415,000 after buying an additional 1,244,780 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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