Vertiv Holdings Co (NYSE:VRT - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $63.82, but opened at $70.20. Vertiv shares last traded at $67.88, with a volume of 1,679,558 shares changing hands.
Wall Street Analyst Weigh In
A number of research firms have recently commented on VRT. Roth Mkm assumed coverage on shares of Vertiv in a research report on Tuesday. They issued a "buy" rating and a $75.00 price objective for the company. JPMorgan Chase & Co. cut their price target on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Evercore ISI dropped their price objective on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. Finally, The Goldman Sachs Group reduced their target price on Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a research report on Thursday. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $125.50.
View Our Latest Stock Analysis on VRT
Vertiv Trading Up 2.4 %
The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The stock's fifty day moving average price is $89.17 and its two-hundred day moving average price is $109.50. The stock 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 posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same quarter last year, the business earned $0.56 earnings per share. Equities research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.
Vertiv Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were paid 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 0.22%. Vertiv's dividend payout ratio (DPR) is currently 11.72%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Vertiv by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock valued at $4,130,415,000 after buying an additional 1,244,780 shares during the period. Jennison Associates LLC raised its stake in shares of Vertiv by 68.6% during the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock valued at $880,971,000 after acquiring an additional 3,153,932 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Vertiv by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock worth $688,260,000 after purchasing an additional 99,181 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in shares of Vertiv in the fourth quarter worth about $597,379,000. Finally, Wellington Management Group LLP raised its position in Vertiv by 25.3% during the 4th quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock valued at $557,349,000 after purchasing an additional 990,361 shares during the last quarter. Institutional investors own 89.92% of the company's stock.
About Vertiv
(
Get Free Report)
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.
See Also
Before you consider Vertiv, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vertiv wasn't on the list.
While Vertiv currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
