Vertiv (NYSE:VRT) Trading 2.9% Higher - Should You Buy?

Market Beat
2024.11.07 21:35
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Vertiv Holdings Co (NYSE:VRT) shares rose 2.9% during mid-day trading, reaching a high of $4.60. Analysts have raised their price targets, with Mizuho, Oppenheimer, and Bank of America giving "outperform" and "buy" ratings. The company reported earnings of $0.76 per share, exceeding estimates, and a revenue increase of 19% year-over-year. Vertiv also announced a quarterly dividend of $0.025 per share. Insider trading activity and institutional investments have been noted, with 89.92% of shares held by institutional investors.