Vertiv (NYSE:VRT) Trading Up 1.5% – What’s Next?

Vertiv Holdings Co (NYSE:VRT)’s share price traded up 1.5% during trading on Thursday . The stock traded as high as $90.74 and last traded at $90.54. Approximately 1,919,668 shares changed hands during trading, a decline of 77% from the average daily volume of 8,524,882 shares. The stock had previously closed at $89.17.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Barclays lowered their price objective on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Morgan Stanley started coverage on shares of Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target for the company. Melius Research reiterated a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research note on Tuesday, January 28th. Finally, Evercore ISI cut their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $136.07.

Vertiv Stock Performance

The company has a 50-day moving average of $109.07 and a 200-day moving average of $111.02. The firm has a market capitalization of $33.91 billion, a price-to-earnings ratio of 69.60, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share 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 quarter in the previous year, the business earned $0.56 EPS. On average, equities research analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. The ex-dividend date is Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Institutional Trading of Vertiv

Several hedge funds have recently made changes to their positions in VRT. SOA Wealth Advisors LLC. acquired a new position in shares of Vertiv during the fourth quarter valued at $26,000. Mark Sheptoff Financial Planning LLC boosted its stake in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the period. Brooklyn Investment Group bought a new position in Vertiv in the 3rd quarter worth about $30,000. OLD Second National Bank of Aurora acquired a new stake in shares of Vertiv in the fourth quarter valued at approximately $30,000. Finally, Tradewinds Capital Management LLC raised its holdings in shares of Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after buying an additional 111 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

About Vertiv

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.