Vertiv Holdings Co (NYSE:VRT - Get Free Report) rose 4.2% on Monday . The stock traded as high as $67.85 and last traded at $61.89. Approximately 8,452,379 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 8,876,853 shares. The stock had previously closed at $59.41.
Analyst Upgrades and Downgrades
Several brokerages have commented on VRT. Morgan Stanley began coverage on Vertiv in a research note on Monday, January 6th. They issued an "overweight" rating and a $150.00 target price for the company. Barclays cut their price objective on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Melius Research reaffirmed a "hold" rating and set a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Royal Bank of Canada assumed coverage on shares of Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target for the company. Finally, Roth Mkm assumed coverage on shares of Vertiv in a research report on Tuesday. They set a "buy" rating and a $75.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Vertiv currently has a consensus rating of "Moderate Buy" and an average price target of $125.50.
View Our Latest Research Report on Vertiv
Vertiv Stock Up 1.0 %
The company has a market capitalization of $26.04 billion, a P/E ratio of 53.24, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. 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 is $90.00 and its 200 day moving average is $109.72.
Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating 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 previous year, the business posted $0.56 EPS. Research analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.
Vertiv Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders 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 annualized dividend and a yield of 0.22%. Vertiv's dividend payout ratio (DPR) is presently 11.72%.
Institutional Investors Weigh In On Vertiv
A number of institutional investors have recently made changes to their positions in the company. SOA Wealth Advisors LLC. bought a new position in Vertiv in the 4th quarter valued at approximately $26,000. OLD Second National Bank of Aurora purchased a new position in shares of Vertiv in the fourth quarter worth $30,000. Tradewinds Capital Management LLC lifted its holdings in shares of Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after purchasing an additional 111 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Vertiv during the fourth quarter valued at $34,000. Finally, Pittenger & Anderson Inc. increased its holdings in Vertiv by 92.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after buying an additional 150 shares in the last quarter. Hedge funds and other 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.
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