Vertiv (NYSE:VRT) Shares Up 4.2% - Still a Buy?

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s share price was up 4.2% during mid-day trading on Tuesday . The company traded as high as $70.35 and last traded at $66.50. Approximately 5,517,050 shares traded hands during trading, a decline of 38% from the average daily volume of 8,911,829 shares. The stock had previously closed at $63.82.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Fox Advisors started coverage on shares of Vertiv in a report on Monday, January 6th. They issued an "equal weight" rating on the stock. Royal Bank of Canada assumed coverage on Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 price objective on the stock. Melius Research reiterated a "hold" rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Morgan Stanley assumed coverage on Vertiv in a research report on Monday, January 6th. They set an "overweight" rating and a $150.00 target price on the stock. Finally, Barclays dropped their price objective on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research note on Friday, April 4th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Vertiv presently has an average rating of "Moderate Buy" and a consensus target price of $125.50.

Vertiv Trading Up 2.4 %

The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The company has a market cap of $26.42 billion, a price-to-earnings ratio of 54.21, a PEG ratio of 1.07 and a beta of 1.71. The stock has a 50-day simple moving average of $89.17 and a 200 day simple moving average of $109.50.

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Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data 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 net margin of 6.19% and a return on equity of 61.41%. During the same period last year, the company earned $0.56 EPS. As a group, equities research analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

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

Hedge Funds Weigh In On Vertiv

Large investors have recently bought and sold shares of the business. Silverleafe Capital Partners LLC acquired a new position in shares of Vertiv during the 4th quarter worth about $4,219,000. Foundations Investment Advisors LLC lifted its position in shares of Vertiv by 7.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock valued at $21,076,000 after acquiring an additional 13,559 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Vertiv by 67.0% in the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock worth $1,043,000 after acquiring an additional 3,682 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Vertiv by 3,417.9% during the fourth quarter. Nordea Investment Management AB now owns 964,104 shares of the company's stock worth $110,544,000 after purchasing an additional 936,698 shares in the last quarter. Finally, Register Financial Advisors LLC acquired a new position in Vertiv in the 4th quarter valued at $217,000. 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.