Vertiv (NYSE:VRT) Trading Down 6.2% – What’s Next?

Vertiv Holdings Co (NYSE:VRT) shares traded down 6.2% on Monday . The company traded as low as $77.93 and last traded at $79.75. 3,753,014 shares traded hands during trading, a decline of 65% from the average session volume of 10,827,037 shares. The stock had previously closed at $85.04.

Analysts Set New Price Targets

A number of research firms have commented on VRT. Evercore ISI cut their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. lifted their price objective on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a report on Tuesday, January 28th. Royal Bank of Canada assumed coverage on Vertiv in a report on Friday. They set an “outperform” rating and a $121.00 price target on the stock. Finally, The Goldman Sachs Group upped their price objective on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.07.

Vertiv Trading Down 8.4 %

The company’s 50 day moving average price is $115.09 and its 200 day moving average price is $110.94. The firm has a market cap of $29.66 billion, a PE ratio of 60.85, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. 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 posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping the consensus estimate 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 in the prior year, the business earned $0.56 earnings per share. As a group, analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.19%. Vertiv’s payout ratio is 11.72%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. purchased a new stake in shares of Vertiv during the 4th quarter worth $26,000. Mark Sheptoff Financial Planning LLC increased its holdings in shares of Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Vertiv during the 3rd quarter worth about $30,000. OLD Second National Bank of Aurora acquired a new position in Vertiv in the fourth quarter valued at approximately $30,000. Finally, Tradewinds Capital Management LLC increased its stake in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during the last quarter. Hedge funds and other 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.