Vertiv (NYSE:VRT) Trading 1.7% Higher – Here’s What Happened

Vertiv Holdings Co (NYSE:VRT) shares were up 1.7% on Monday . The company traded as high as $90.45 and last traded at $88.93. Approximately 2,360,405 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 10,729,151 shares. The stock had previously closed at $87.45.

Analysts Set New Price Targets

VRT has been the topic of several recent research reports. Evercore ISI lowered their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Royal Bank of Canada initiated coverage on Vertiv in a report on Friday, March 7th. They set an “outperform” rating and a $121.00 target price on the stock. TD Cowen boosted their target price on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Mizuho boosted their target price on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. boosted their target price on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $136.07.

Vertiv Trading Down 5.0 %

The company has a market cap of $32.23 billion, a PE ratio of 66.13, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The business has a 50-day simple moving average of $109.87 and a 200-day simple moving average of $111.18.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period last year, the business earned $0.56 EPS. On average, analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv’s dividend payout ratio is currently 11.72%.

Institutional Trading of Vertiv

A number of large investors have recently modified their holdings of the stock. SOA Wealth Advisors LLC. acquired a new position in shares of Vertiv during the fourth quarter worth $26,000. Mark Sheptoff Financial Planning LLC grew its stake in shares of Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Vertiv during the third quarter worth $30,000. OLD Second National Bank of Aurora acquired a new position in shares of Vertiv during the fourth quarter worth $30,000. Finally, Tradewinds Capital Management LLC grew its stake in shares of Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after purchasing an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

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.