Vertiv (NYSE:VRT) Trading 5.3% Higher – What’s Next?

Vertiv Holdings Co (NYSE:VRT) shares rose 5.3% on Tuesday . The stock traded as high as $83.21 and last traded at $82.18. Approximately 3,310,287 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 10,903,974 shares. The stock had previously closed at $78.02.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on VRT shares. The Goldman Sachs Group upped their price target on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research report on Tuesday, January 28th. Evercore ISI lowered their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Melius Research restated a “hold” rating and set a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Finally, Mizuho increased their price objective on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $136.07.

Vertiv Price Performance

The company has a market capitalization of $31.63 billion, a price-to-earnings ratio of 64.89, a P/E/G ratio of 1.07 and a beta of 1.71. The stock has a fifty day simple moving average of $114.33 and a 200-day simple moving average of $110.95. 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 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 net margin of 6.19% and a return on equity of 61.41%. During the same quarter in the prior year, the firm earned $0.56 EPS. On average, equities research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be issued a $0.0375 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.18%. Vertiv’s payout ratio is 11.72%.

Institutional Trading of Vertiv

Institutional investors have recently bought and sold shares of the business. SOA Wealth Advisors LLC. acquired a new position in shares of Vertiv during the 4th quarter worth approximately $26,000. Mark Sheptoff Financial Planning LLC increased its holdings in Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Vertiv in the 3rd quarter worth $30,000. OLD Second National Bank of Aurora acquired a new position in Vertiv during the fourth quarter worth $30,000. Finally, Tradewinds Capital Management LLC lifted its holdings in 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 purchasing an additional 111 shares in the last quarter. 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.