Vertiv (NYSE:VRT) Stock Price Up 0.1% – Should You Buy?

Vertiv Holdings Co (NYSE:VRT) was up 0.1% during trading on Friday . The stock traded as high as $85.26 and last traded at $82.14. Approximately 3,209,125 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 10,836,977 shares. The stock had previously closed at $82.04.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on VRT shares. Melius Research reiterated a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Oppenheimer increased their price objective on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Fox Advisors began coverage on Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating for the company. TD Cowen raised their price target on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Evercore ISI cut their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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 fifty day moving average price of $115.69 and a 200 day moving average price of $110.43. The stock has a market cap of $32.32 billion, a P/E ratio of 66.39, a P/E/G ratio of 1.07 and a beta of 1.71.

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

Institutional Trading of Vertiv

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Vertiv by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock worth $4,130,415,000 after buying an additional 1,244,780 shares in the last quarter. Jennison Associates LLC boosted its holdings in Vertiv by 68.6% during the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock worth $880,971,000 after acquiring an additional 3,153,932 shares during the last quarter. State Street Corp grew its stake in shares of Vertiv by 4.2% in the 3rd quarter. State Street Corp now owns 7,635,081 shares of the company’s stock worth $759,614,000 after acquiring an additional 308,704 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Vertiv by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company’s stock valued at $688,260,000 after purchasing an additional 99,181 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Vertiv during the fourth quarter valued at about $597,379,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

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.