Vertiv (NYSE:VRT) Trading Up 2.4% - Still a Buy?

Shares of Vertiv Holdings Co. (NYSE:VRT - Get Free Report) were up 2.4% during trading on Wednesday . The company traded as high as $120.74 and last traded at $119.44. Approximately 2,260,035 shares traded hands during trading, a decline of 77% from the average daily volume of 9,866,650 shares. The stock had previously closed at $116.61.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on VRT shares. Barclays decreased their price target on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. KGI Securities started coverage on shares of Vertiv in a research report on Thursday, April 24th. They set a "hold" rating on the stock. Royal Bank Of Canada initiated coverage on shares of Vertiv in a research note on Friday, March 7th. They issued an "outperform" rating and a $121.00 price objective for the company. Evercore ISI reiterated an "outperform" rating and issued a $150.00 target price (up previously from $100.00) on shares of Vertiv in a research note on Tuesday, May 27th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Vertiv has an average rating of "Moderate Buy" and a consensus target price of $126.69.

Vertiv Stock Up 2.0%

The firm has a market cap of $45.33 billion, a price-to-earnings ratio of 69.35, a P/E/G ratio of 1.21 and a beta of 1.73. The firm has a fifty day simple moving average of $96.45 and a 200-day simple moving average of $103.69. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 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 business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the firm earned $0.43 earnings per share. Vertiv's revenue for the quarter was up 24.2% compared to the same quarter last year. As a group, sell-side analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 17th will be paid a $0.0375 dividend. This is a boost from Vertiv's previous dividend of $0.01. The ex-dividend date of this dividend is Monday, June 16th. This represents a dividend yield of 0.14%. Vertiv's payout ratio is currently 8.72%.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the sale, the insider now directly owns 18,847 shares in the company, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now owns 9,551 shares in the company, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their position. The disclosure for this sale can be found here. Insiders own 5.01% of the company's stock.

Hedge Funds Weigh In On Vertiv

Several institutional investors and hedge funds have recently modified their holdings of VRT. Empowered Funds LLC increased its position in shares of Vertiv by 67.0% during the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock valued at $1,043,000 after purchasing an additional 3,682 shares during the last quarter. Sound View Wealth Advisors Group LLC purchased a new position in shares of Vertiv during the 4th quarter valued at approximately $1,218,000. Schroder Investment Management Group grew its position in shares of Vertiv by 95.3% in the fourth quarter. Schroder Investment Management Group now owns 1,167,536 shares of the company's stock valued at $135,621,000 after purchasing an additional 569,722 shares during the period. Bedell Frazier Investment Counselling LLC acquired a new stake in shares of Vertiv in the fourth quarter valued at about $415,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Vertiv by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,746,111 shares of the company's stock worth $198,376,000 after acquiring an additional 45,917 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Vertiv Company Profile

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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