Vertiv (NYSE:VRT) Trading 1.3% Higher – Here’s What Happened

Vertiv Holdings Co (NYSE:VRT)’s share price shot up 1.3% during mid-day trading on Wednesday . The company traded as high as $66.09 and last traded at $63.75. 3,081,731 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 8,944,145 shares. The stock had previously closed at $62.90.

Wall Street Analyst Weigh In

VRT has been the topic of a number of recent analyst reports. Evercore ISI cut their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. JPMorgan Chase & Co. cut their target price on Vertiv from $132.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a report on Tuesday, January 28th. Roth Mkm started coverage on Vertiv in a research note on Tuesday. They set a “buy” rating and a $75.00 price target for the company. Finally, Royal Bank of Canada initiated coverage on Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.50.

Vertiv Trading Up 2.4 %

The firm has a market capitalization of $26.42 billion, a price-to-earnings ratio of 54.21, a PEG ratio of 1.07 and a beta of 1.71. The business’s 50-day moving average price is $90.00 and its 200 day moving average price is $109.72. 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 issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same period last year, the company posted $0.56 EPS. On average, equities analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.22%. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Hedge Funds Weigh In On Vertiv

Institutional investors have recently made changes to their positions in the business. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv during the fourth quarter worth approximately $26,000. OLD Second National Bank of Aurora bought a new position in Vertiv during the 4th quarter valued at $30,000. Tradewinds Capital Management LLC grew its holdings in Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Vertiv in the 4th quarter worth about $34,000. Finally, Pittenger & Anderson Inc. raised its stake in shares of Vertiv by 92.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock valued at $36,000 after purchasing an additional 150 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

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.