Vertiv (NYSE:VRT) Stock Price Up 2.9% - Still a Buy?

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s stock price shot up 2.9% on Friday . The stock traded as high as $87.86 and last traded at $86.30. 5,344,314 shares changed hands during trading, a decline of 41% from the average session volume of 9,027,624 shares. The stock had previously closed at $83.88.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Morgan Stanley cut their price objective on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday. Roth Mkm assumed coverage on Vertiv in a research report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price objective on the stock. The Goldman Sachs Group reduced their target price on Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a report on Thursday, April 10th. JPMorgan Chase & Co. lowered their price target on Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Citigroup reduced their price objective on Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $120.38.

Vertiv Trading Up 5.3 %

The firm has a market capitalization of $33.64 billion, a PE ratio of 68.75, a P/E/G ratio of 1.07 and a beta of 1.71. The company's fifty day simple moving average is $81.52 and its 200-day simple moving average is $107.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. As a group, sell-side analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date was Tuesday, March 18th. Vertiv's payout ratio is 8.72%.

Institutional Trading of Vertiv

Several hedge funds have recently made changes to their positions in the business. SOA Wealth Advisors LLC. purchased a new stake in shares of Vertiv during the fourth quarter worth $26,000. OLD Second National Bank of Aurora acquired a new position in Vertiv during the 4th quarter worth approximately $30,000. North Star Investment Management Corp. increased its position in shares of Vertiv by 4,120.0% in the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after purchasing an additional 412 shares during the last quarter. Tradewinds Capital Management LLC raised its holdings in shares of Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after purchasing an additional 111 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Vertiv during the 4th quarter worth $34,000. 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.

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