Vertiv (NYSE:VRT) Trading 3.8% Higher - Time to Buy?

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s share price was up 3.8% during mid-day trading on Monday . The stock traded as high as $73.42 and last traded at $72.26. Approximately 2,287,334 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 8,995,813 shares. The stock had previously closed at $69.61.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. The Goldman Sachs Group reduced their target price on Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Melius Research reaffirmed a "hold" rating and issued a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Roth Mkm started coverage on shares of Vertiv in a report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 target price on the stock. Finally, Barclays lowered their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $121.94.

Vertiv Stock Performance

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 $27.89 billion, a price-to-earnings ratio of 57.22, a P/E/G ratio of 1.07 and a beta of 1.71. The stock has a 50 day moving average price of $85.23 and a two-hundred day moving average price of $108.68.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 in the previous year, the business posted $0.56 earnings per share. Analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. Vertiv's payout ratio is 11.72%.

Institutional Investors Weigh In On Vertiv

Several hedge funds have recently bought and sold shares of the stock. Mezzasalma Advisors LLC increased its holdings in shares of Vertiv by 11.2% during the first quarter. Mezzasalma Advisors LLC now owns 22,242 shares of the company's stock worth $1,606,000 after purchasing an additional 2,234 shares during the period. Prosperity Wealth Management Inc. grew its holdings in shares of Vertiv by 53.0% during the 1st quarter. Prosperity Wealth Management Inc. now owns 10,583 shares of the company's stock valued at $764,000 after purchasing an additional 3,665 shares during the last quarter. Birch Hill Investment Advisors LLC bought a new position in shares of Vertiv in the 1st quarter valued at $247,000. Rakuten Securities Inc. boosted its stake in shares of Vertiv by 56.4% during the first quarter. Rakuten Securities Inc. now owns 7,442 shares of the company's stock valued at $537,000 after purchasing an additional 2,685 shares in the last quarter. Finally, Chicago Capital LLC grew its holdings in Vertiv by 4.1% during the 1st quarter. Chicago Capital LLC now owns 114,753 shares of the company's stock worth $8,285,000 after acquiring an additional 4,467 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.