Vertiv (NYSE:VRT) Trading 0.5% Higher - Still a Buy?

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s stock price shot up 0.5% on Wednesday . The company traded as high as $89.52 and last traded at $83.57. 3,683,002 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 10,901,675 shares. The stock had previously closed at $83.12.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on VRT shares. Mizuho boosted their price objective on shares of Vertiv from $125.00 to $145.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. The Goldman Sachs Group increased their price target on Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Morgan Stanley began coverage on Vertiv in a report on Monday, January 6th. They set an "overweight" rating and a $150.00 price objective on the stock. Oppenheimer increased their target price on Vertiv from $121.00 to $131.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. Finally, Melius downgraded shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective for the company. in a research note on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Vertiv presently has an average rating of "Moderate Buy" and an average price target of $136.07.

Vertiv Stock Up 3.8 %

The firm has a 50-day simple moving average of $113.71 and a 200 day simple moving average of $110.98. The company has a market capitalization of $32.86 billion, a PE ratio of 67.44, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

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Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 EPS 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 quarter in the previous year, the company earned $0.56 EPS. On average, research analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be issued 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 dividend payout ratio is presently 11.72%.

Hedge Funds Weigh In On Vertiv

Institutional investors and hedge funds have recently made changes to their positions in the business. SOA Wealth Advisors LLC. acquired a new stake in Vertiv in the fourth quarter valued at $26,000. Mark Sheptoff Financial Planning LLC raised its stake in shares of Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Vertiv during the third quarter worth about $30,000. OLD Second National Bank of Aurora acquired a new position in Vertiv in the fourth quarter worth about $30,000. Finally, Tradewinds Capital Management LLC increased its holdings in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after buying an additional 111 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

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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