Vertiv (NYSE:VRT) Stock Price Down 1.1% - What's Next?

Shares of Vertiv Holdings Co (NYSE:VRT - Get Free Report) fell 1.1% during trading on Monday . The stock traded as low as $85.80 and last traded at $85.96. 2,412,756 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 8,964,110 shares. The stock had previously closed at $86.95.

Analyst Upgrades and Downgrades

Several brokerages have commented on VRT. Cowen reaffirmed a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Melius Research reaffirmed a "hold" rating and issued a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. JPMorgan Chase & Co. lowered their price objective on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Citigroup lowered their price objective on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Melius lowered shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target on the stock. in a research report on Tuesday, January 28th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $120.38.

Vertiv Stock Down 1.0 %

The stock has a 50-day simple moving average of $80.05 and a two-hundred day simple moving average of $107.09. 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 firm has a market cap of $32.50 billion, a PE ratio of 66.68, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the business posted $0.43 earnings per share. The company's revenue for the quarter was up 24.2% on a year-over-year basis. Analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.18%. Vertiv's payout ratio is 8.72%.

Institutional Investors Weigh In On Vertiv

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Vertiv by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock worth $4,130,415,000 after buying an additional 1,244,780 shares during the period. Jennison Associates LLC increased its holdings in shares of Vertiv by 68.6% in the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock worth $880,971,000 after buying an additional 3,153,932 shares during the period. Geode Capital Management LLC increased its holdings in shares of Vertiv by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock worth $688,260,000 after buying an additional 99,181 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in shares of Vertiv in the fourth quarter worth about $597,379,000. Finally, Wellington Management Group LLP increased its holdings in shares of Vertiv by 25.3% in the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock worth $557,349,000 after buying an additional 990,361 shares during the period. 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.