Vertiv (NYSE:VRT) Price Target Lowered to $90.00 at Barclays

Vertiv (NYSE:VRT) had its target price cut by Barclays from $100.00 to $90.00 in a report issued on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other analysts also recently commented on VRT. Evercore ISI reduced their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Morgan Stanley began coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price for the company. Melius Research reissued a “hold” rating and set a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Citigroup boosted their price target on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Fox Advisors started coverage on Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating for the company. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Vertiv presently has an average rating of “Moderate Buy” and an average price target of $134.67.

Vertiv Stock Performance

Shares of VRT stock opened at $59.42 on Friday. Vertiv has a 1 year low of $55.32 and a 1 year high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The firm has a market cap of $22.63 billion, a price-to-earnings ratio of 46.43, a PEG ratio of 1.07 and a beta of 1.71. The stock’s 50-day moving average is $95.23 and its two-hundred day moving average is $110.78.

Vertiv (NYSE:VRT) last released its quarterly 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 return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the prior year, the firm posted $0.56 EPS. Analysts predict that Vertiv will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.25%. The ex-dividend date was Tuesday, March 18th. Vertiv’s payout ratio is 11.72%.

Hedge Funds Weigh In On Vertiv

Institutional investors and hedge funds have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA acquired a new stake in shares of Vertiv in the fourth quarter valued at about $597,379,000. Norges Bank purchased a new position in Vertiv in the fourth quarter valued at about $391,777,000. Jennison Associates LLC lifted its position in shares of Vertiv by 68.6% during the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock valued at $880,971,000 after acquiring an additional 3,153,932 shares during the period. Wellington Management Group LLP boosted its stake in shares of Vertiv by 271.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after acquiring an additional 2,860,181 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Vertiv by 136.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company’s stock worth $379,101,000 after acquiring an additional 1,928,275 shares during the period. 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.