Vertiv (NYSE:VRT) Shares Down 4.1% - What's Next?

Shares of Vertiv Holdings Co (NYSE:VRT - Get Free Report) traded down 4.1% during trading on Friday . The stock traded as low as $73.66 and last traded at $73.21. 3,989,933 shares traded hands during trading, a decline of 54% from the average session volume of 8,586,264 shares. The stock had previously closed at $76.32.

Analysts Set New Price Targets

VRT has been the topic of several research reports. Barclays reduced their price target on shares of Vertiv from $111.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Citigroup increased their target price on Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Evercore ISI decreased their price target 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. Morgan Stanley started coverage on Vertiv in a research report on Monday, January 6th. They issued an "overweight" rating and a $150.00 price objective for the company. Finally, Fox Advisors started coverage on Vertiv in a report on Monday, January 6th. They set an "equal weight" rating for the company. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $135.33.

Vertiv Stock Performance

The stock has a 50-day moving average price of $101.47 and a 200-day moving average price of $111.58. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The company has a market capitalization of $28.47 billion, a price-to-earnings ratio of 58.30, a PEG ratio of 1.07 and a beta of 1.71.

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Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping analysts' consensus estimates 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 period in the previous year, the company earned $0.56 EPS. As a group, analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a $0.0375 dividend. 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 0.20%. Vertiv's dividend payout ratio (DPR) is presently 11.72%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VRT. Neville Rodie & Shaw Inc. lifted its holdings in Vertiv by 33.2% in the first quarter. Neville Rodie & Shaw Inc. now owns 55,355 shares of the company's stock valued at $3,997,000 after buying an additional 13,800 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in Vertiv by 30.6% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 768 shares of the company's stock valued at $55,000 after purchasing an additional 180 shares during the period. NorthCrest Asset Manangement LLC raised its holdings in Vertiv by 5.2% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 5,102 shares of the company's stock worth $580,000 after buying an additional 250 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new position in shares of Vertiv in the fourth quarter valued at $12,982,000. Finally, Wealthedge Investment Advisors LLC acquired a new position in shares of Vertiv during the fourth quarter valued at about $639,000. Institutional investors and hedge funds 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.