Vertiv (NYSE:VRT) Trading 5.3% Higher – Time to Buy?

Vertiv Holdings Co (NYSE:VRT) shares traded up 5.3% during mid-day trading on Tuesday . The stock traded as high as $83.21 and last traded at $82.18. 3,310,287 shares were traded during trading, a decline of 70% from the average session volume of 10,903,974 shares. The stock had previously closed at $78.02.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Citigroup raised their target price on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. UBS Group started coverage on shares of Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective for the company. Mizuho upped their target price on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Morgan Stanley started coverage on Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target for the company. Finally, Melius Research restated a “hold” rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Vertiv has an average rating of “Moderate Buy” and a consensus price target of $136.07.

Vertiv Trading Up 6.5 %

The stock has a market capitalization of $31.63 billion, a P/E ratio of 64.89, a PEG ratio of 1.07 and a beta of 1.71. The stock’s fifty day moving average price is $114.33 and its 200 day moving average price is $110.95. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping 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 period in the prior year, the company posted $0.56 EPS. Research analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date is Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Hedge Funds Weigh In On Vertiv

A number of hedge funds and other institutional investors have recently made changes to their positions in VRT. SOA Wealth Advisors LLC. bought a new position in Vertiv during the 4th quarter worth about $26,000. Mark Sheptoff Financial Planning LLC lifted its position in shares of Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the period. Brooklyn Investment Group bought a new position in shares of Vertiv during the third quarter valued at approximately $30,000. OLD Second National Bank of Aurora purchased a new position in Vertiv during the fourth quarter valued at approximately $30,000. Finally, Tradewinds Capital Management LLC raised its stake in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after buying an additional 111 shares in 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.