Vertiv (NYSE:VRT) Trading 0.3% Higher - Still a Buy?

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s stock price was up 0.3% during mid-day trading on Thursday . The company traded as high as $104.22 and last traded at $103.90. Approximately 1,222,502 shares were traded during trading, a decline of 88% from the average daily volume of 10,597,768 shares. The stock had previously closed at $103.61.

Analyst Upgrades and Downgrades

VRT has been the subject of several research reports. Morgan Stanley decreased their target price on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Roth Mkm assumed coverage on Vertiv in a research report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price target on the stock. Melius Research reaffirmed a "hold" rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Citigroup decreased their price target on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. increased their price objective on Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.06.

Vertiv Stock Performance

The company's fifty day simple moving average is $84.59 and its 200 day simple moving average is $105.67. 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 capitalization of $39.67 billion, a price-to-earnings ratio of 81.31, a P/E/G ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $2.04 billion for 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% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share. On average, equities research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

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

Insider Transactions at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the stock in a transaction on 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.63% of the stock is currently owned by insiders.

Institutional Trading of Vertiv

Several hedge funds and other institutional investors have recently bought and sold shares of VRT. Vanguard Group Inc. lifted its stake in Vertiv by 3.7% in the first quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company's stock worth $2,723,034,000 after acquiring an additional 1,359,070 shares during the period. Jennison Associates LLC grew its position in shares of Vertiv by 68.6% during 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. Amundi raised its holdings in shares of Vertiv by 96.8% during the 1st quarter. Amundi now owns 6,951,773 shares of the company's stock worth $469,490,000 after acquiring an additional 3,420,144 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Vertiv by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock valued at $688,260,000 after purchasing an additional 99,181 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in Vertiv in the 4th quarter valued at $597,379,000. Hedge funds and other institutional investors 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.