Vertiv (NYSE:VRT) Stock Price Up 1% - Time to Buy?

Vertiv Holdings Co (NYSE:VRT - Get Free Report) shares shot up 1% during trading on Thursday . The company traded as high as $72.88 and last traded at $72.34. 1,739,393 shares were traded during mid-day trading, a decline of 81% from the average session volume of 9,015,101 shares. The stock had previously closed at $71.65.

Analysts Set New Price Targets

Several research firms recently weighed in on VRT. Citigroup decreased their target price on Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Morgan Stanley began coverage on shares of Vertiv in a research report on Monday, January 6th. They set an "overweight" rating and a $150.00 price objective for the company. 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 target price on the stock. Fox Advisors assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an "equal weight" rating for the company. Finally, Roth Capital raised Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.94.

Vertiv Stock Down 7.6 %

The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The firm's 50-day moving average is $84.24 and its 200 day moving average is $108.59. The firm has a market capitalization of $25.76 billion, a PE ratio of 52.84, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

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, 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 business posted $0.56 earnings per share. As a group, research analysts forecast 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 issued a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.22%. Vertiv's dividend payout ratio (DPR) is 11.72%.

Hedge Funds Weigh In On Vertiv

A number of institutional investors have recently modified their holdings of the company. SOA Wealth Advisors LLC. purchased a new position in shares of Vertiv during the 4th quarter worth $26,000. OLD Second National Bank of Aurora acquired a new position in Vertiv in the fourth quarter valued at $30,000. North Star Investment Management Corp. lifted its position in Vertiv by 4,120.0% during the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after buying an additional 412 shares during the period. Tradewinds Capital Management LLC boosted its stake in Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after buying an additional 111 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in Vertiv in the 4th quarter valued at about $34,000. 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.