Vertiv (NYSE:VRT) Stock Price Up 1.3% – Should You Buy?

Vertiv Holdings Co (NYSE:VRT) rose 1.3% during mid-day trading on Wednesday . The stock traded as high as $66.09 and last traded at $63.75. Approximately 3,081,731 shares were traded during trading, a decline of 66% from the average daily volume of 8,944,145 shares. The stock had previously closed at $62.90.

Analyst Ratings Changes

A number of brokerages recently commented on VRT. The Goldman Sachs Group reduced their price objective on shares of Vertiv from $135.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday. Morgan Stanley began coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target on the stock. Fox Advisors started coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. JPMorgan Chase & Co. reduced their target price on Vertiv from $132.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Melius Research reaffirmed a “hold” rating and set a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.50.

Vertiv Price Performance

The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The company has a 50-day moving average of $90.00 and a 200-day moving average of $109.72. The stock has a market capitalization of $26.42 billion, a price-to-earnings ratio of 54.21, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same period in the previous year, the business earned $0.56 earnings per share. As a group, equities research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.22%. Vertiv’s dividend payout ratio is currently 11.72%.

Hedge Funds Weigh In On Vertiv

Institutional investors have recently modified their holdings of the company. SOA Wealth Advisors LLC. purchased a new stake in Vertiv in the 4th quarter worth approximately $26,000. OLD Second National Bank of Aurora acquired a new stake in shares of Vertiv during the fourth quarter worth $30,000. Tradewinds Capital Management LLC grew its position in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during the period. FNY Investment Advisers LLC acquired a new position in Vertiv in the fourth quarter valued at $34,000. Finally, Pittenger & Anderson Inc. lifted its position in Vertiv by 92.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after buying an additional 150 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.