Vertiv (NYSE:VRT) Trading Up 3% - Time to Buy?

Vertiv Holdings Co (NYSE:VRT - Get Free Report) shares traded up 3% on Friday . The company traded as high as $116.62 and last traded at $115.61. 1,755,000 shares changed hands during trading, a decline of 80% from the average session volume of 8,806,582 shares. The stock had previously closed at $112.22.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. 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. Barclays decreased their target price 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. lifted their price target on shares of Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Royal Bank of Canada assumed coverage on Vertiv in a research report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target on the stock. Finally, Citigroup reduced their price objective 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. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $122.38.

Vertiv Trading Up 2.0%

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 company has a market cap of $43.64 billion, a price-to-earnings ratio of 89.78, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. The business's fifty day moving average price is $89.18 and its 200 day moving average price is $105.04.

Vertiv (NYSE:VRT - Get Free Report) last announced 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. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the business earned $0.43 EPS. The business's quarterly revenue was up 24.2% compared to the same quarter last year. Research analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.63% of the company's stock.

Hedge Funds Weigh In On Vertiv

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA acquired a new position in shares of Vertiv in the 4th quarter valued at about $597,379,000. Norges Bank bought a new stake in Vertiv in the 4th quarter worth about $391,777,000. Amundi increased its position in shares of Vertiv by 96.8% during the 1st quarter. Amundi now owns 6,951,773 shares of the company's stock valued at $469,490,000 after purchasing an additional 3,420,144 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in shares of Vertiv by 985.3% in the 1st quarter. 1832 Asset Management L.P. now owns 2,301,700 shares of the company's stock worth $166,183,000 after purchasing an additional 2,089,612 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings 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 purchasing an additional 1,928,275 shares during the period. 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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