Vertiv (NYSE:VRT) Shares Up 0.4% – Time to Buy?

Vertiv Holdings Co (NYSE:VRT) shares shot up 0.4% during mid-day trading on Thursday . The company traded as high as $121.34 and last traded at $119.52. 1,847,379 shares were traded during trading, a decline of 82% from the average session volume of 10,020,514 shares. The stock had previously closed at $119.04.

Analyst Ratings Changes

Several analysts have issued reports on VRT shares. UBS Group assumed coverage on shares of Vertiv in a research report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective for the company. Melius cut shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a report on Tuesday, January 28th. Morgan Stanley began coverage on Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective for the company. Oppenheimer raised their price target on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, Mizuho lifted their price target on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Vertiv currently has an average rating of “Moderate Buy” and a consensus price target of $139.36.

Vertiv Stock Up 1.6 %

The firm has a 50 day moving average of $124.39 and a 200-day moving average of $107.10. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The stock has a market capitalization of $45.57 billion, a P/E ratio of 80.95, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64.

Vertiv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv’s dividend payout ratio is presently 6.67%.

Insider Buying and Selling

In related news, Director Jan Van Dokkum sold 38,647 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the completion of the transaction, the director now owns 25,000 shares of the company’s stock, valued at $3,409,750. This represents a 60.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the sale, the executive vice president now directly owns 19,551 shares in the company, valued at $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 171,527 shares of company stock valued at $23,105,682 over the last ninety days. 5.01% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vertiv

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Jennison Associates LLC grew its position in Vertiv by 68.6% in the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock valued at $880,971,000 after acquiring an additional 3,153,932 shares during the period. State Street Corp boosted its position in Vertiv by 4.2% in the third quarter. State Street Corp now owns 7,635,081 shares of the company’s stock valued at $759,614,000 after buying an additional 308,704 shares in the last quarter. Geode Capital Management LLC grew its stake in Vertiv by 7.4% during the third quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company’s stock worth $592,433,000 after buying an additional 408,054 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Vertiv by 271.0% during the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after buying an additional 2,860,181 shares in the last quarter. Finally, Westfield Capital Management Co. LP increased its holdings in shares of Vertiv by 1.1% during the third quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company’s stock worth $359,315,000 after buying an additional 40,696 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.