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

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

Analysts Set New Price Targets

Several analysts recently commented on the stock. Citigroup increased their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Morgan Stanley initiated coverage on shares of Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target on the stock. The Goldman Sachs Group upped their price objective on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. lifted their target price on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Finally, Fox Advisors initiated coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating for the company. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $139.36.

Vertiv Stock Performance

The company has a market cap of $43.97 billion, a P/E ratio of 78.10, a P/E/G ratio of 0.86 and a beta of 1.63. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The business has a fifty day simple moving average of $126.08 and a two-hundred day simple moving average of $105.81.

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. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a boost from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio is 6.67%.

Insider Buying and Selling

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the transaction, the insider now owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Convergence Investment Partners LLC increased its stake in Vertiv by 104.6% in the 4th quarter. Convergence Investment Partners LLC now owns 14,630 shares of the company’s stock worth $1,662,000 after buying an additional 7,480 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Vertiv by 683.9% in the fourth quarter. Venturi Wealth Management LLC now owns 5,244 shares of the company’s stock worth $596,000 after acquiring an additional 4,575 shares during the period. D.A. Davidson & CO. grew its position in shares of Vertiv by 5.9% during the fourth quarter. D.A. Davidson & CO. now owns 4,784 shares of the company’s stock worth $544,000 after purchasing an additional 265 shares in the last quarter. Truist Financial Corp raised its stake in Vertiv by 51.2% during the 4th quarter. Truist Financial Corp now owns 66,578 shares of the company’s stock valued at $7,564,000 after purchasing an additional 22,544 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in Vertiv by 13.5% in the 4th quarter. CIBC Asset Management Inc now owns 15,279 shares of the company’s stock worth $1,736,000 after purchasing an additional 1,818 shares in 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.