Vertiv (NYSE:VRT) Stock Price Up 1.6% – Still a Buy?

Shares of Vertiv Holdings Co (NYSE:VRT) traded up 1.6% during mid-day trading on Monday . The company traded as high as $131.99 and last traded at $129.61. 1,290,898 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 8,156,052 shares. The stock had previously closed at $127.60.

Analysts Set New Price Targets

VRT has been the subject of several recent analyst reports. The Goldman Sachs Group raised their price objective on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Bank of America increased their price objective on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. UBS Group began coverage on Vertiv in a research report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price on the stock. Citigroup raised their price objective on Vertiv from $134.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Jefferies Financial Group initiated coverage on shares of Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 target price on the stock. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $138.50.

Vertiv Trading Up 1.7 %

The business’s fifty day simple moving average is $114.87 and its two-hundred day simple moving average is $96.26. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The company has a market cap of $48.69 billion, a price-to-earnings ratio of 86.41, a PEG ratio of 1.31 and a beta of 1.58.

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

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be issued a $0.0375 dividend. This is an increase from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. The ex-dividend date is Tuesday, December 3rd. Vertiv’s dividend payout ratio is presently 6.67%.

Insider Activity

In other news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the transaction, the insider now owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The trade was a 80.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the transaction, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 216,451 shares of company stock valued at $26,699,153 in the last ninety days. 5.01% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers boosted its position in shares of Vertiv by 513.6% during the 1st quarter. Cetera Investment Advisers now owns 57,311 shares of the company’s stock worth $4,681,000 after purchasing an additional 47,971 shares in the last quarter. Cetera Advisors LLC boosted its stake in shares of Vertiv by 41.1% during the 1st quarter. Cetera Advisors LLC now owns 9,252 shares of the company’s stock worth $756,000 after acquiring an additional 2,695 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Vertiv by 44.3% in the 2nd quarter. GAMMA Investing LLC now owns 942 shares of the company’s stock worth $82,000 after acquiring an additional 289 shares during the period. Mather Group LLC. increased its stake in Vertiv by 132.5% in the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC raised its holdings in Vertiv by 77.6% during the second quarter. Kingswood Wealth Advisors LLC now owns 10,790 shares of the company’s stock worth $934,000 after purchasing an additional 4,713 shares during the last quarter. 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.