Vertiv (NYSE:VRT) Trading Up 2.9% - Time to Buy?

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s stock price traded up 2.9% during mid-day trading on Friday . The stock traded as high as $96.04 and last traded at $95.24. 4,055,813 shares changed hands during trading, a decline of 64% from the average session volume of 11,218,195 shares. The stock had previously closed at $92.55.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Fox Advisors started coverage on Vertiv in a report on Monday, January 6th. They issued an "equal weight" rating for the company. Barclays decreased their price objective on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. JPMorgan Chase & Co. cut their price objective on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Citigroup lowered their price objective on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, KGI Securities began coverage on Vertiv in a research note on Thursday, April 24th. They issued a "hold" rating for the company. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $120.38.

Vertiv Price Performance

The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The stock has a market cap of $36.18 billion, a price-to-earnings ratio of 74.23, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The business's 50-day simple moving average is $80.14 and its two-hundred day simple moving average is $106.87.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The business had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm's revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 earnings per share. 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 announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's payout ratio is 8.72%.

Hedge Funds Weigh In On Vertiv

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA bought a new stake in shares of Vertiv during the 4th quarter valued at about $597,379,000. Norges Bank purchased a new stake in Vertiv during the 4th quarter valued at $391,777,000. Jennison Associates LLC boosted its holdings 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 worth $880,971,000 after purchasing an additional 3,153,932 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Vertiv by 136.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock worth $379,101,000 after buying an additional 1,928,275 shares during the last quarter. Finally, Vanguard Group Inc. increased 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 valued at $4,130,415,000 after purchasing an additional 1,244,780 shares during the period. 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.