Vertiv (NYSE:VRT) Stock Price Up 4.2% – Should You Buy?

Vertiv Holdings Co (NYSE:VRT)’s share price was up 4.2% during trading on Monday . The company traded as high as $67.85 and last traded at $61.89. Approximately 8,452,379 shares changed hands during trading, a decline of 5% from the average daily volume of 8,876,853 shares. The stock had previously closed at $59.41.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Vertiv from $132.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday. Melius Research reiterated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Evercore ISI lowered their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Melius cut shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research report on Tuesday, January 28th. Finally, Roth Mkm began coverage on shares of Vertiv in a report on Tuesday. They issued a “buy” rating and a $75.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $128.94.

Vertiv Stock Performance

The stock has a fifty day moving average of $90.90 and a 200-day moving average of $109.92. The firm has a market capitalization of $27.65 billion, a P/E ratio of 56.74, a P/E/G ratio of 1.07 and a beta of 1.71. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate 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 posted $0.56 earnings per share. On average, research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.21%. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Hedge Funds Weigh In On Vertiv

Several hedge funds have recently modified their holdings of VRT. Swisher Financial Concepts Inc. acquired a new position in Vertiv during the first quarter valued at approximately $257,000. Merit Financial Group LLC raised its stake in shares of Vertiv by 113.5% during the 1st quarter. Merit Financial Group LLC now owns 13,709 shares of the company’s stock worth $990,000 after purchasing an additional 7,287 shares in the last quarter. Harbor Investment Advisory LLC boosted its holdings in shares of Vertiv by 4.3% in the 1st quarter. Harbor Investment Advisory LLC now owns 4,584 shares of the company’s stock valued at $331,000 after buying an additional 187 shares during the last quarter. NBC Securities Inc. grew its stake in shares of Vertiv by 148,457.1% in the first quarter. NBC Securities Inc. now owns 20,798 shares of the company’s stock valued at $1,501,000 after buying an additional 20,784 shares in the last quarter. Finally, Wright Investors Service Inc. increased its holdings in Vertiv by 8.9% during the first quarter. Wright Investors Service Inc. now owns 7,283 shares of the company’s stock worth $526,000 after buying an additional 598 shares during the last quarter. Institutional investors 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.