Vertiv (NYSE:VRT) Trading Down 0% - Here's What Happened

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s share price traded down 0% during trading on Monday . The stock traded as low as $92.95 and last traded at $95.00. 1,833,912 shares changed hands during trading, a decline of 80% from the average session volume of 8,970,647 shares. The stock had previously closed at $95.00.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Evercore ISI cut their target price on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. Fox Advisors started coverage on Vertiv in a report on Monday, January 6th. They set an "equal weight" rating for the company. Royal Bank of Canada initiated coverage on Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 target price on the stock. Finally, Melius Research reiterated a "hold" rating and set a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Five equities research 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, Vertiv currently has an average rating of "Moderate Buy" and an average target price of $120.38.

Vertiv Price Performance

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 company has a 50-day moving average of $80.14 and a 200-day moving average of $106.78. The firm has a market capitalization of $36.16 billion, a price-to-earnings ratio of 74.22, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70.

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

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid 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 dividend yield of 0.16%. Vertiv's dividend payout ratio is 8.72%.

Institutional Trading of Vertiv

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Morse Asset Management Inc raised its stake in shares of Vertiv by 21.0% during the 1st quarter. Morse Asset Management Inc now owns 28,287 shares of the company's stock worth $2,042,000 after purchasing an additional 4,914 shares in the last quarter. Mosaic Advisors LLC bought a new stake in Vertiv during the first quarter worth $641,000. Covenant Asset Management LLC acquired a new stake in Vertiv in the first quarter valued at $512,000. Private Advisor Group LLC grew its position in shares of Vertiv by 70.8% in the 1st quarter. Private Advisor Group LLC now owns 88,064 shares of the company's stock valued at $6,358,000 after acquiring an additional 36,492 shares during the period. Finally, Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management bought a new stake in shares of Vertiv in the 1st quarter valued at about $7,075,000. Institutional investors own 89.92% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.