Vertiv (NYSE:VRT) Trading 10% Higher – Should You Buy?

Vertiv Holdings Co. (NYSE:VRT) was up 10% on Friday . The company traded as high as $195.81 and last traded at $195.61. Approximately 6,670,594 shares traded hands during trading, an increase of 28% from the average daily volume of 5,207,835 shares. The stock had previously closed at $177.75.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Evercore boosted their target price on shares of Vertiv from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Mizuho lifted their price objective on shares of Vertiv from $165.00 to $198.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Citigroup boosted their price objective on shares of Vertiv from $198.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, December 8th. The Goldman Sachs Group increased their target price on shares of Vertiv from $182.00 to $204.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Finally, Weiss Ratings downgraded shares of Vertiv from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and an average price target of $187.89.

Vertiv Trading Up 10.0%

The stock’s fifty day simple moving average is $174.64 and its 200-day simple moving average is $161.21. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.83 and a quick ratio of 1.43. The firm has a market cap of $74.79 billion, a PE ratio of 73.82, a PEG ratio of 1.20 and a beta of 2.08.

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Tuesday, November 25th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. This is an increase from Vertiv’s previous quarterly dividend of $0.04. Vertiv’s payout ratio is presently 9.43%.

Insider Buying and Selling at Vertiv

In other news, EVP Stephen Liang sold 5,501 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $170.48, for a total value of $937,810.48. Following the completion of the transaction, the executive vice president directly owned 4,050 shares in the company, valued at $690,444. This trade represents a 57.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.63% of the company’s stock.

Hedge Funds Weigh In On Vertiv

Hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Management Professionals Inc. increased its stake in shares of Vertiv by 1,560.0% in the third quarter. Financial Management Professionals Inc. now owns 166 shares of the company’s stock worth $25,000 after acquiring an additional 156 shares during the period. Pacer Advisors Inc. lifted its position in Vertiv by 67.6% during the third quarter. Pacer Advisors Inc. now owns 171 shares of the company’s stock valued at $26,000 after purchasing an additional 69 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in Vertiv in the fourth quarter valued at $29,000. Park Place Capital Corp grew its position in Vertiv by 624.0% during the 4th quarter. Park Place Capital Corp now owns 181 shares of the company’s stock worth $29,000 after purchasing an additional 156 shares during the period. Finally, Cullen Frost Bankers Inc. grew its position in Vertiv by 98.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 187 shares of the company’s stock worth $30,000 after purchasing an additional 93 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Company Profile

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.