Vertiv (NYSE:VRT) Stock Price Up 0.4% - Time to Buy?

On Friday, Vertiv Holdings Co (NYSE:VRT) saw its stock price increase by 0.4%. The stock reached a high of $124.03 before settling at $120.01. During the trading session, approximately 2,944,556 shares changed hands, which is significantly lower than its average daily volume of 9,885,002 shares. In the previous session, the stock closed at $119.56.

Analysts Set New Price Targets

Several analysts have shared their insights about Vertiv recently. Mizuho raised its price target for the company from $125.00 to $145.00 and assigned an "outperform" rating in a report published on November 19th. Meanwhile, JPMorgan Chase & Co. also adjusted their price target from $124.00 to $132.00 while giving a rating of "overweight" on the same day. Additionally, UBS Group initiated coverage on Vertiv with a "buy" rating and set a price target of $155.00 on November 13th. Oppenheimer increased their price target from $121.00 to $131.00 and kept their "outperform" rating. On the other hand, Melius downgraded the stock from a "buy" to a "hold" with a $125.00 price target as of January 28th. Overall, among analysts, four have rated the stock as a hold while eleven have given it a buy rating. MarketBeat.com reports an average rating of "Moderate Buy" with a target price of $139.36.

Vertiv Financials

The company's current ratio stands at 1.38, with a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The fifty-day moving average price for the stock is $124.52, while the two-hundred-day moving average is $106.87. Vertiv currently holds a market capitalization of $45.57 billion, with a price-to-earnings (P/E) ratio of 80.95 and a P/E to growth (P/E/G) ratio of 0.92, alongside a beta of 1.64.

Dividend Announcement

Recently, Vertiv declared a quarterly dividend that was distributed on December 19th. Shareholders of record on December 3rd were given a dividend of $0.0375 per share, resulting in an annualized dividend of $0.15 and a dividend yield of 0.12%. This marks an increase from the previous dividend of $0.03 per share. The company's dividend payout ratio (DPR) is 6.67%.

Insiders Activity

In insider trading news, Director Jan Van Dokkum sold 38,647 shares at an average price of $136.39 on November 25th, amounting to a total of $5,271,064.33. After this transaction, he directly owns 25,000 shares worth approximately $3,409,750. Furthermore, Director Jakki L. Haussler sold 15,347 shares at an average price of $137.38 on November 20th for about $2,108,370.86, reducing her holdings to 3,425 shares valued at around $470,526.50. In the past ninety days, insiders have sold 171,527 shares valued at $23,105,682, which accounts for 5.01% of the company's total shares held by insiders.

Hedge Fund Actions

Hedge funds have also shown interest in Vertiv, adjusting their holdings recently. Fifth Third Bancorp raised its investment in Vertiv by 8.1% during the fourth quarter, bringing their total to 1,126 shares worth $128,000. Accurate Wealth Management LLC increased their stake by 4.1%, now owning 2,234 shares valued at $254,000. ORG Partners LLC boosted their holdings by 25.1%, owning 458 shares worth $46,000. Moreover, Allworth Financial LP augmented their stake by 18.6%, now having 638 shares valued at $63,000. Tradewinds Capital Management LLC grew their position by 61.3%, totaling 292 shares worth $33,000. Currently, institutional investors and hedge funds own approximately 89.92% of Vertiv's shares.

Company Overview

Vertiv Holdings Co, along with its subsidiaries, specializes in designing, manufacturing, and servicing critical digital infrastructure technologies and life cycle services catering to data centers, communication networks, and commercial and industrial setups across various regions including the Americas, Asia Pacific, Europe, the Middle East, and Africa.

Final Thoughts

With a moderate buy rating amongst analysts, alongside recent activity from hedge funds and insiders, investors may consider this a suitable time to evaluate their options regarding Vertiv Holdings Co.

For those contemplating an investment in Vertiv, it is prudent to stay informed about market movements and expert recommendations.

Vertiv, Stocks, Investment