Vertiv (NYSE:VRT) Shares Gap Up – Here’s Why

Vertiv Holdings Co (NYSE:VRT) shares gapped up prior to trading on Wednesday . The stock had previously closed at $91.90, but opened at $100.66. Vertiv shares last traded at $98.88, with a volume of 5,438,022 shares changing hands.

Analyst Ratings Changes

Several analysts recently weighed in on VRT shares. Barclays dropped their price objective on Vertiv from $142.00 to $131.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Citigroup increased their target price on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. TD Cowen lifted their price target on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. The Goldman Sachs Group increased their price objective on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Melius Research reaffirmed a “hold” rating and set a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Vertiv has a consensus rating of “Moderate Buy” and an average target price of $138.57.

Vertiv Stock Performance

The company’s 50-day moving average price is $119.62 and its two-hundred day moving average price is $110.33. The company has a market capitalization of $37.39 billion, a price-to-earnings ratio of 78.01, a PEG ratio of 1.07 and a beta of 1.64. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same quarter last year, the business posted $0.56 EPS. On average, equities research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of VRT. Fifth Third Bancorp raised its holdings in shares of Vertiv by 8.1% during the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock valued at $128,000 after purchasing an additional 84 shares during the period. Prestige Wealth Management Group LLC increased its position in Vertiv by 2.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company’s stock valued at $420,000 after buying an additional 85 shares in the last quarter. Accurate Wealth Management LLC raised its stake in Vertiv by 4.1% during the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock worth $254,000 after buying an additional 87 shares during the period. Horizon Investment Services LLC boosted its holdings in Vertiv by 4.1% in the fourth quarter. Horizon Investment Services LLC now owns 2,410 shares of the company’s stock worth $274,000 after acquiring an additional 95 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC grew its stake in Vertiv by 3.1% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company’s stock valued at $367,000 after acquiring an additional 97 shares during the period. 89.92% of the stock is owned by institutional investors.

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.