Vertiv (NYSE:VRT) Trading 2.9% Higher – Should You Buy?

Vertiv Holdings Co (NYSE:VRT) shares were up 2.9% during mid-day trading on Thursday . The stock traded as high as $124.60 and last traded at $123.94. Approximately 2,616,177 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 8,221,738 shares. The stock had previously closed at $120.43.

Analysts Set New Price Targets

Several brokerages have weighed in on VRT. Mizuho raised their price objective on shares of Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Oppenheimer lifted their price target on Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Bank of America upped their price objective on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Jefferies Financial Group started coverage on Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 price target for the company. Finally, TD Cowen raised their price objective on Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $122.11.

Vertiv Stock Performance

The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The stock has a market capitalization of $45.84 billion, a P/E ratio of 81.15, a P/E/G ratio of 1.15 and a beta of 1.58. The stock has a 50 day moving average of $98.93 and a 200 day moving average of $91.90.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 EPS. Equities analysts predict that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.08%. Vertiv’s dividend payout ratio is presently 6.67%.

Insider Buying and Selling

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the completion of the transaction, the insider now owns 10,542 shares in the company, valued at approximately $843,254.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 5.01% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Anchor Investment Management LLC acquired a new stake in Vertiv in the second quarter worth approximately $26,000. Mather Group LLC. lifted its holdings in shares of Vertiv by 132.5% in the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after buying an additional 200 shares during the period. Krane Funds Advisors LLC acquired a new stake in shares of Vertiv in the third quarter valued at $29,000. Global Trust Asset Management LLC bought a new position in Vertiv during the third quarter valued at about $30,000. Finally, OFI Invest Asset Management acquired a new position in Vertiv during the second quarter worth about $34,000. 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.