Vertiv (NYSE:VRT) Trading Up 1.8% – Time to Buy?

Vertiv Holdings Co (NYSE:VRT)’s share price shot up 1.8% during trading on Wednesday . The stock traded as high as $112.67 and last traded at $108.48. 7,202,355 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 9,813,244 shares. The stock had previously closed at $106.55.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VRT. Melius Research reaffirmed a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a research report on Tuesday. Bank of America increased their price objective on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. UBS Group began 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. Fox Advisors began coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating for the company. Finally, Melius lowered shares of 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. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $139.36.

Vertiv Stock Up 3.3 %

The firm has a market cap of $41.32 billion, a price-to-earnings ratio of 73.76, a PEG ratio of 1.16 and a beta of 1.63. The business’s 50 day moving average price is $127.16 and its 200 day moving average price is $105.72. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were paid a dividend of $0.0375 per share. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

Insider Transactions at Vertiv

In related news, Director Jakki L. Haussler sold 15,347 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the sale, the director now owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. The trade was a 81.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the sale, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. The trade was a 81.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock valued at $23,105,682 in the last 90 days. 5.01% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vertiv

Several institutional investors and hedge funds have recently added to or reduced their stakes in VRT. Anchor Investment Management LLC acquired a new stake in Vertiv during the 2nd quarter worth $26,000. SOA Wealth Advisors LLC. acquired a new stake in Vertiv during the 4th quarter worth $26,000. Krane Funds Advisors LLC acquired a new stake in Vertiv during the 3rd quarter worth $29,000. Global Trust Asset Management LLC acquired a new stake in Vertiv during the 3rd quarter worth $30,000. Finally, Mark Sheptoff Financial Planning LLC boosted its stake in Vertiv by 200.0% during 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 last quarter. 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.