JPMorgan Chase & Co. Has Lowered Expectations for Vertiv (NYSE:VRT) Stock Price

Vertiv (NYSE:VRT - Free Report) had its price target trimmed by JPMorgan Chase & Co. from $132.00 to $100.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other analysts have also issued research reports about the stock. 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. Evercore ISI decreased their price objective on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, January 17th. 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 for the company. Melius Research reiterated a "hold" rating and issued a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Finally, Citigroup increased their target price on shares of Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Vertiv currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.50.

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Vertiv Price Performance

Shares of Vertiv stock traded up $1.66 on Tuesday, hitting $69.39. The company's stock had a trading volume of 8,182,977 shares, compared to its average volume of 9,009,290. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. Vertiv has a 52-week low of $53.60 and a 52-week high of $155.84. The firm has a fifty day moving average price of $89.17 and a 200-day moving average price of $109.50. The company has a market capitalization of $26.42 billion, a P/E ratio of 54.21, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate 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 earned $0.56 EPS. On average, equities research analysts expect that Vertiv will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.22%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio is 11.72%.

Institutional Trading of Vertiv

Institutional investors and hedge funds have recently made changes to their positions in the business. Independence Bank of Kentucky increased its holdings in Vertiv by 94.3% in the first quarter. Independence Bank of Kentucky now owns 52,773 shares of the company's stock valued at $3,810,000 after purchasing an additional 25,608 shares during the last quarter. StoneCrest Wealth Management Inc. acquired a new position in Vertiv in the 1st quarter worth $562,000. Prospect Financial Services LLC lifted its stake in Vertiv by 26.8% in the 1st quarter. Prospect Financial Services LLC now owns 3,195 shares of the company's stock valued at $231,000 after acquiring an additional 675 shares in the last quarter. Intellectus Partners LLC boosted its holdings in Vertiv by 4.9% during the first quarter. Intellectus Partners LLC now owns 8,920 shares of the company's stock worth $644,000 after purchasing an additional 420 shares during the last quarter. Finally, MRA Advisory Group bought a new position in shares of Vertiv in the 1st quarter valued at about $660,000. 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.