Vertiv (NYSE:VRT) Trading 0.3% Higher – Time to Buy?

Vertiv Holdings Co (NYSE:VRT)’s share price was up 0.3% on Wednesday . The stock traded as high as $122.50 and last traded at $121.01. Approximately 983,852 shares changed hands during trading, a decline of 88% from the average daily volume of 8,079,442 shares. The stock had previously closed at $120.69.

Analysts Set New Price Targets

Several research firms have recently issued reports on VRT. Bank of America increased their price target on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. UBS Group began coverage on shares of Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price for the company. TD Cowen boosted their target price on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Jefferies Financial Group initiated coverage on shares of Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 price target for the company. Finally, Mizuho raised their price objective on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Vertiv has a consensus rating of “Moderate Buy” and a consensus price target of $140.09.

Vertiv Price Performance

The stock has a market capitalization of $43.33 billion, a price-to-earnings ratio of 76.96, a PEG ratio of 1.29 and a beta of 1.61. The stock’s 50 day simple moving average is $121.39 and its 200-day simple moving average is $98.68. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 earnings per share. On average, analysts expect that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were paid a $0.0375 dividend. The ex-dividend date was Tuesday, December 3rd. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.13%. Vertiv’s payout ratio is presently 6.67%.

Insider Activity at Vertiv

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the sale, the insider now directly owns 19,448 shares in the company, valued at $2,751,114.08. This trade represents a 61.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jan Van Dokkum sold 38,647 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at $3,409,750. This represents a 60.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 171,527 shares of company stock worth $23,105,682 in the last 90 days. 5.01% of the stock is owned by company insiders.

Institutional Investors Weigh In On Vertiv

Several institutional investors and hedge funds have recently bought and sold shares of VRT. ORG Partners LLC lifted its holdings in shares of Vertiv by 25.1% during the 3rd quarter. ORG Partners LLC now owns 458 shares of the company’s stock worth $46,000 after acquiring an additional 92 shares during the period. Allworth Financial LP raised its position in Vertiv by 18.6% in the third quarter. Allworth Financial LP now owns 638 shares of the company’s stock worth $63,000 after purchasing an additional 100 shares in the last quarter. NBC Securities Inc. lifted its stake in Vertiv by 0.9% during the third quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock worth $1,305,000 after purchasing an additional 112 shares during the period. Nvwm LLC boosted its holdings in Vertiv by 1.3% during the third quarter. Nvwm LLC now owns 10,035 shares of the company’s stock valued at $998,000 after purchasing an additional 124 shares in the last quarter. Finally, Callan Family Office LLC grew its stake in shares of Vertiv by 0.9% in the 3rd quarter. Callan Family Office LLC now owns 14,989 shares of the company’s stock valued at $1,491,000 after purchasing an additional 137 shares during the period. 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.