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

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s stock price was up 2.9% on Wednesday . The company traded as high as $87.70 and last traded at $87.09. Approximately 1,670,637 shares traded hands during trading, a decline of 80% from the average daily volume of 8,546,230 shares. The stock had previously closed at $84.66.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Melius lowered shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective for the company. in a research report on Tuesday, January 28th. Royal Bank of Canada assumed coverage on shares of Vertiv in a research report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price objective for the company. Morgan Stanley assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an "overweight" rating and a $150.00 price objective for the company. Melius Research reissued a "hold" rating and issued a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Finally, Citigroup increased their price objective on shares of Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $136.07.

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Vertiv Stock Performance

The stock has a market capitalization of $33.73 billion, a P/E ratio of 69.20, a P/E/G ratio of 1.07 and a beta of 1.71. The company's 50-day moving average is $107.46 and its two-hundred day moving average is $110.91. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same period in the prior year, the firm posted $0.56 EPS. As a group, sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.0375 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.17%. Vertiv's payout ratio is 11.72%.

Hedge Funds Weigh In On Vertiv

Large investors have recently bought and sold shares of the stock. Empowered Funds LLC grew its stake in shares of Vertiv by 6.5% in the 3rd quarter. Empowered Funds LLC now owns 5,498 shares of the company's stock worth $547,000 after purchasing an additional 335 shares during the last quarter. Caprock Group LLC acquired a new position in shares of Vertiv in the 3rd quarter worth approximately $409,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Vertiv in the 3rd quarter worth approximately $869,000. PNC Financial Services Group Inc. grew its stake in shares of Vertiv by 10.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 28,066 shares of the company's stock worth $2,792,000 after purchasing an additional 2,604 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of Vertiv by 32.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 4,804 shares of the company's stock worth $478,000 after purchasing an additional 1,166 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

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.