Vertiv (NYSE:VRT) Hits New 52-Week High – Time to Buy?

Vertiv Holdings Co (NYSE:VRT) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $119.03 and last traded at $118.22, with a volume of 304851 shares. The stock had previously closed at $112.44.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on VRT shares. Bank of America increased their price objective on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. The Goldman Sachs Group reduced their price objective on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Citigroup boosted their target price on Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Jefferies Financial Group began coverage on shares of Vertiv in a research note on Monday, October 7th. They set a “buy” rating and a $125.00 price target for the company. Finally, Mizuho raised their target price on shares of Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $122.11.

Vertiv Stock Performance

The stock’s 50-day simple moving average is $98.13 and its 200 day simple moving average is $91.70. 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 $45.20 billion, a P/E ratio of 78.20, a PEG ratio of 1.16 and a beta of 1.58.

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

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were issued a $0.025 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 annualized dividend and a yield of 0.08%. Vertiv’s dividend payout ratio is presently 6.67%.

Insider Buying and Selling

In related news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the transaction, the insider now directly owns 10,542 shares of the company’s stock, valued at $843,254.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.01% of the stock is owned by company insiders.

Institutional Investors Weigh In On Vertiv

Institutional investors have recently made changes to their positions in the stock. ORG Partners LLC boosted its holdings in Vertiv by 25.1% in the third quarter. ORG Partners LLC now owns 458 shares of the company’s stock valued at $46,000 after acquiring an additional 92 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Vertiv by 18.6% in the 3rd quarter. Allworth Financial LP now owns 638 shares of the company’s stock valued at $63,000 after purchasing an additional 100 shares during the last quarter. NBC Securities Inc. increased its position in shares of 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 buying an additional 112 shares during the period. Nvwm LLC raised its stake in Vertiv by 1.3% during the third quarter. Nvwm LLC now owns 10,035 shares of the company’s stock worth $998,000 after buying an additional 124 shares during the last quarter. Finally, Callan Family Office LLC lifted its holdings in Vertiv by 0.9% in the third quarter. Callan Family Office LLC now owns 14,989 shares of the company’s stock valued at $1,491,000 after buying 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.