Vertiv (NYSE:VRT) Stock Price Down 0.9% - What's Next?

Shares of Vertiv Holdings Co (NYSE:VRT - Get Free Report) were down 0.9% on Tuesday . The stock traded as low as $84.67 and last traded at $85.39. Approximately 1,469,910 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 8,958,938 shares. The stock had previously closed at $86.15.

Analysts Set New Price Targets

Several research firms have issued reports on VRT. Fox Advisors began coverage on shares of Vertiv in a research note on Monday, January 6th. They set an "equal weight" rating on the stock. Cowen restated a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Royal Bank of Canada assumed coverage on Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target for the company. Barclays decreased their price objective on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Finally, Roth Capital upgraded Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $120.38.

Vertiv Trading Down 0.2 %

The company has a market cap of $32.75 billion, a P/E ratio of 67.12, a P/E/G ratio of 1.07 and a beta of 1.71. The business has a fifty day simple moving average of $80.62 and a 200 day simple moving average of $107.39. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

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

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.17%. Vertiv's payout ratio is currently 8.72%.

Institutional Trading of Vertiv

Several large investors have recently added to or reduced their stakes in the business. Sharp Financial Services LLC raised its position in shares of Vertiv by 18.5% during the 1st quarter. Sharp Financial Services LLC now owns 4,330 shares of the company's stock worth $313,000 after buying an additional 675 shares in the last quarter. Novare Capital Management LLC raised its holdings in Vertiv by 34.7% during the first quarter. Novare Capital Management LLC now owns 4,790 shares of the company's stock worth $346,000 after purchasing an additional 1,235 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new stake in Vertiv in the first quarter worth approximately $392,000. Braun Stacey Associates Inc. boosted its stake in Vertiv by 3.4% during the 1st quarter. Braun Stacey Associates Inc. now owns 398,544 shares of the company's stock valued at $28,775,000 after purchasing an additional 13,094 shares in the last quarter. Finally, HM Payson & Co. increased its position in shares of Vertiv by 725.0% during the 1st quarter. HM Payson & Co. now owns 1,650 shares of the company's stock valued at $119,000 after purchasing an additional 1,450 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.

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