Vertiv (NYSE:VRT) Shares Up 2.6% - Time to Buy?

Vertiv Holdings Co (NYSE:VRT - Get Free Report) was up 2.6% during trading on Thursday . The stock traded as high as $113.76 and last traded at $113.52. Approximately 1,906,464 shares traded hands during trading, a decline of 78% from the average daily volume of 8,712,138 shares. The stock had previously closed at $110.59.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a report on Monday, April 7th. KGI Securities started coverage on shares of Vertiv in a research note on Thursday, April 24th. They issued a "hold" rating for the company. JPMorgan Chase & Co. raised their price target on shares of Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Evercore ISI reaffirmed an "outperform" rating and issued a $150.00 price target (up previously from $100.00) on shares of Vertiv in a research note on Tuesday, May 27th. Finally, Cowen reaffirmed a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Vertiv currently has a consensus rating of "Moderate Buy" and an average target price of $124.69.

Vertiv Stock Performance

The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The stock has a market cap of $43.07 billion, a P/E ratio of 88.24, a price-to-earnings-growth ratio of 1.07 and a beta of 1.73. The firm's 50-day moving average is $93.54 and its two-hundred day moving average is $104.14.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. Vertiv's revenue was up 24.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. As a group, research analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Insider Buying and Selling at Vertiv

In other Vertiv news, EVP Stephen Liang sold 43,683 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 9,551 shares in the company, valued at $1,106,292.33. This represents a 82.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the sale, the insider now directly owns 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.63% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VRT. Stanley Capital Management LLC grew its position in Vertiv by 13.1% during the 1st quarter. Stanley Capital Management LLC now owns 259,000 shares of the company's stock worth $18,700,000 after purchasing an additional 30,000 shares during the period. Nicola Wealth Management LTD. acquired a new stake in shares of Vertiv during the 1st quarter worth about $1,155,000. First Hawaiian Bank lifted its holdings in shares of Vertiv by 17.3% in the 1st quarter. First Hawaiian Bank now owns 4,045 shares of the company's stock worth $292,000 after acquiring an additional 598 shares during the last quarter. Inspire Investing LLC increased its stake in Vertiv by 79.1% during the 1st quarter. Inspire Investing LLC now owns 12,831 shares of the company's stock worth $926,000 after buying an additional 5,665 shares during the period. Finally, Anson Funds Management LP raised its holdings in Vertiv by 80.9% in the first quarter. Anson Funds Management LP now owns 18,089 shares of the company's stock valued at $1,306,000 after acquiring an additional 8,089 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

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.