Barclays Cuts Vertiv (NYSE:VRT) Price Target to $100.00

Vertiv (NYSE:VRT) had its target price lowered by Barclays from $111.00 to $100.00 in a report released on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other analysts have also issued reports on VRT. Melius Research restated a “hold” rating and set a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Fox Advisors started coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating for the company. Morgan Stanley initiated coverage on Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target for the company. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research report on Tuesday, January 28th. Finally, Evercore ISI dropped their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $135.33.

Vertiv Price Performance

Shares of NYSE:VRT opened at $74.32 on Wednesday. The business’s 50 day simple moving average is $102.74 and its 200-day simple moving average is $111.23. The firm has a market capitalization of $28.30 billion, a price-to-earnings ratio of 58.06, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. Vertiv has a 12 month low of $62.40 and a 12 month high of $155.84. 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 announced its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (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 quarter in the previous year, the company earned $0.56 earnings per share. As a group, equities analysts forecast that Vertiv will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date was Tuesday, March 18th. Vertiv’s payout ratio is 11.72%.

Institutional Trading of Vertiv

Hedge funds have recently bought and sold shares of the company. NorthCrest Asset Manangement LLC raised its stake in shares of Vertiv by 5.2% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 5,102 shares of the company’s stock valued at $580,000 after purchasing an additional 250 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of Vertiv during the fourth quarter valued at $12,982,000. Wealthedge Investment Advisors LLC purchased a new stake in Vertiv during the fourth quarter valued at about $639,000. Lighthouse Financial LLC acquired a new position in Vertiv in the 4th quarter worth approximately $1,876,000. Finally, IronOak Wealth LLC. acquired a new stake in shares of Vertiv in the fourth quarter worth $932,000. 89.92% of the stock is currently owned by institutional investors.

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.