Vertiv (NYSE:VRT) Trading Up 2.9% – Still a Buy?

Vertiv Holdings Co (NYSE:VRT) shares rose 2.9% during trading on Friday . The stock traded as high as $96.04 and last traded at $95.24. Approximately 4,055,813 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 11,218,195 shares. The stock had previously closed at $92.55.

Analysts Set New Price Targets

A number of research firms have recently commented on VRT. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research report on Tuesday, January 28th. Morgan Stanley decreased their price objective on shares of Vertiv from $140.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group cut their target price on shares of Vertiv from $135.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Royal Bank of Canada initiated coverage on Vertiv in a report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price objective on the stock. Finally, Roth Capital raised Vertiv to a “strong-buy” rating in a report on Monday, April 7th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Vertiv has an average rating of “Moderate Buy” and an average price target of $120.38.

Vertiv Trading Up 2.7 %

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 market capitalization of $36.18 billion, a price-to-earnings ratio of 74.23, a PEG ratio of 1.07 and a beta of 1.70. The company’s 50-day moving average is $80.14 and its 200-day moving average is $106.84.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The business’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 EPS. Research analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.16%. Vertiv’s dividend payout ratio (DPR) is currently 8.72%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Sachetta LLC lifted its holdings in shares of Vertiv by 242.0% in the 1st quarter. Sachetta LLC now owns 448 shares of the company’s stock worth $32,000 after acquiring an additional 317 shares during the last quarter. Forum Financial Management LP lifted its stake in Vertiv by 5.4% during the first quarter. Forum Financial Management LP now owns 2,852 shares of the company’s stock worth $206,000 after purchasing an additional 147 shares in the last quarter. Kingsview Wealth Management LLC boosted its position in shares of Vertiv by 14.2% during the first quarter. Kingsview Wealth Management LLC now owns 6,705 shares of the company’s stock worth $484,000 after buying an additional 832 shares during the period. Hudock Inc. grew its stake in shares of Vertiv by 55.6% in the first quarter. Hudock Inc. now owns 5,378 shares of the company’s stock valued at $388,000 after buying an additional 1,922 shares in the last quarter. Finally, Triasima Portfolio Management inc. purchased a new stake in shares of Vertiv in the 1st quarter valued at $1,648,000. 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.