Vertiv (NYSE:VRT) Stock Price Up 5.3% - Time to Buy?

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s share price rose 5.3% on Tuesday . The stock traded as high as $83.21 and last traded at $82.18. Approximately 3,310,287 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 10,903,974 shares. The stock had previously closed at $78.02.

Wall Street Analysts Forecast Growth

VRT has been the subject of several analyst reports. The Goldman Sachs Group increased their price objective on Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. upped their price target on Vertiv from $124.00 to $132.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 19th. Citigroup upped their price target on Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Mizuho upped their price target on Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. Finally, Melius Research reiterated a "hold" rating and issued a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $136.07.

Vertiv Stock Performance

The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The company has a market capitalization of $32.45 billion, a price-to-earnings ratio of 66.58, a PEG ratio of 1.07 and a beta of 1.71. The stock has a 50 day simple moving average of $113.15 and a two-hundred day simple moving average of $110.80.

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

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv's dividend payout ratio is currently 11.72%.

Hedge Funds Weigh In On Vertiv

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealthedge Investment Advisors LLC purchased a new position in shares of Vertiv during the fourth quarter worth about $639,000. Lighthouse Financial LLC purchased a new position in shares of Vertiv during the fourth quarter worth about $1,876,000. IronOak Wealth LLC. purchased a new position in shares of Vertiv during the fourth quarter worth about $932,000. Park Square Financial Group LLC purchased a new position in shares of Vertiv during the fourth quarter worth about $70,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Vertiv in the 4th quarter valued at approximately $39,060,000. Hedge funds and other institutional investors 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.