Vertiv (NYSE:VRT) Stock Price Up 4.8% – Should You Buy?

Vertiv Holdings Co (NYSE:VRT) rose 4.8% during trading on Friday . The company traded as high as $87.60 and last traded at $87.11. Approximately 2,293,213 shares changed hands during trading, a decline of 79% from the average daily volume of 10,794,495 shares. The stock had previously closed at $83.09.

Analysts Set New Price Targets

VRT has been the topic of a number of research analyst reports. Barclays dropped their price target on Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Evercore ISI dropped their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Royal Bank of Canada initiated coverage on Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price target on the stock. Citigroup raised their price target on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Vertiv currently has an average rating of “Moderate Buy” and an average price target of $136.07.

Vertiv Stock Performance

The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The stock has a 50 day simple moving average of $111.69 and a two-hundred day simple moving average of $110.89. The stock has a market capitalization of $33.33 billion, a P/E ratio of 68.39, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating 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 period in the prior year, the business earned $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 firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.0375 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. Vertiv’s dividend payout ratio is currently 11.72%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Lansforsakringar Fondforvaltning AB publ bought a new position in shares of Vertiv during the 4th quarter worth approximately $12,982,000. Wealthedge Investment Advisors LLC bought a new stake in Vertiv in the 4th quarter valued at $639,000. Lighthouse Financial LLC bought a new stake in Vertiv in the 4th quarter valued at $1,876,000. IronOak Wealth LLC. bought a new stake in Vertiv in the 4th quarter valued at $932,000. Finally, Park Square Financial Group LLC bought a new stake in Vertiv in the 4th quarter valued at $70,000. 89.92% of the stock is currently owned by 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.