Vertiv (NYSE:VRT) Trading 2.3% Higher – Still a Buy?

Vertiv Holdings Co (NYSE:VRT) shares rose 2.3% during mid-day trading on Tuesday . The stock traded as high as $73.14 and last traded at $73.19. Approximately 1,060,377 shares changed hands during trading, a decline of 88% from the average daily volume of 8,986,612 shares. The stock had previously closed at $71.57.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Roth Capital raised shares of Vertiv to a “strong-buy” rating in a report on Monday, April 7th. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a research report on Tuesday, January 28th. JPMorgan Chase & Co. cut their target price on Vertiv from $132.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Evercore ISI lowered their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Finally, Morgan Stanley started coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective on the stock. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.94.

Vertiv Stock Up 1.2 %

The firm has a market cap of $27.59 billion, a P/E ratio of 56.60, a P/E/G ratio of 1.07 and a beta of 1.71. 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 business has a 50-day moving average price of $88.22 and a 200-day moving average price of $109.37.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating 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 period last year, the company posted $0.56 earnings per share. On average, equities analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company 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. This represents a $0.15 annualized dividend and a dividend yield of 0.21%. The ex-dividend date was Tuesday, March 18th. Vertiv’s payout ratio is 11.72%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Focus Financial Network Inc. boosted its stake in Vertiv by 58.0% in the first quarter. Focus Financial Network Inc. now owns 5,202 shares of the company’s stock valued at $376,000 after acquiring an additional 1,910 shares in the last quarter. EdgeRock Capital LLC boosted its position in shares of Vertiv by 18.8% in the 1st quarter. EdgeRock Capital LLC now owns 9,780 shares of the company’s stock worth $706,000 after purchasing an additional 1,548 shares in the last quarter. Rowlandmiller & PARTNERS.ADV grew its stake in Vertiv by 43.0% during the 1st quarter. Rowlandmiller & PARTNERS.ADV now owns 35,558 shares of the company’s stock worth $2,567,000 after buying an additional 10,694 shares during the last quarter. Handelsbanken Fonder AB increased its position in Vertiv by 4.0% during the 1st quarter. Handelsbanken Fonder AB now owns 399,996 shares of the company’s stock valued at $28,880,000 after buying an additional 15,322 shares in the last quarter. Finally, Abacus FCF Advisors LLC raised its stake in Vertiv by 2.8% in the first quarter. Abacus FCF Advisors LLC now owns 47,428 shares of the company’s stock valued at $3,424,000 after buying an additional 1,298 shares during the last quarter. 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.