Vertiv (NYSE:VRT) Trading Up 0.7% – Still a Buy?

by · The Cerbat Gem

Vertiv Holdings Co (NYSE:VRT – Get Free Report) shot up 0.7% during trading on Wednesday . The company traded as high as $115.00 and last traded at $113.26. 7,723,320 shares were traded during mid-day trading, a decline of 7% from the average session volume of 8,334,112 shares. The stock had previously closed at $112.47.

Analysts Set New Price Targets

VRT has been the topic of a number of analyst reports. Oppenheimer lifted their price objective on shares of Vertiv from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. The Goldman Sachs Group dropped their target price on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. TD Cowen increased their price target on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Bank of America lifted their price target on Vertiv from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, Mizuho raised their target price on Vertiv from $92.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $112.44.

Check Out Our Latest Analysis on VRT

Vertiv Price Performance

The stock has a market cap of $40.74 billion, a PE ratio of 108.90, a P/E/G ratio of 1.42 and a beta of 1.59. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00. The firm’s 50 day moving average price is $91.81 and its two-hundred day moving average price is $89.70.

Vertiv (NYSE:VRT – Get Free Report) last posted its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.10. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the business posted $0.46 earnings per share. The business’s quarterly revenue was up 12.6% on a year-over-year basis. On average, research analysts expect that Vertiv Holdings Co will post 2.58 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s payout ratio is presently 9.62%.

Insider Transactions at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the completion of the transaction, the insider now owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.01% of the company’s stock.

Institutional Investors Weigh In On Vertiv

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Vertiv by 5.5% during the first quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock worth $2,745,930,000 after purchasing an additional 1,766,784 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Vertiv by 303.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock valued at $390,143,000 after buying an additional 3,591,903 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Vertiv during the 2nd quarter worth $331,091,000. Westfield Capital Management Co. LP grew its position in Vertiv by 85.2% in the first quarter. Westfield Capital Management Co. LP now owns 3,399,272 shares of the company’s stock worth $277,619,000 after acquiring an additional 1,563,466 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in Vertiv by 17.7% in the first quarter. Janus Henderson Group PLC now owns 3,002,197 shares of the company’s stock valued at $245,189,000 after acquiring an additional 451,830 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv Company Profile

(Get Free Report)

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.

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