Vertiv Holdings Co (NYSE:VRT - Get Free Report) shot up 4.3% during trading on Tuesday . The stock traded as high as $73.76 and last traded at $75.30. 2,372,483 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 8,744,576 shares. The stock had previously closed at $72.20.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on VRT. Barclays cut their price objective on Vertiv from $111.00 to $100.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Melius lowered shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target for the company. in a research report on Tuesday, January 28th. Melius Research restated a "hold" rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Fox Advisors began coverage on shares of Vertiv in a report on Monday, January 6th. They issued an "equal weight" rating for the company. Finally, Citigroup raised their price target on Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a report on Monday, December 9th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, Vertiv has an average rating of "Moderate Buy" and an average price target of $135.33.
View Our Latest Stock Analysis on VRT
Vertiv Stock Down 12.5 %
The firm has a market cap of $25.71 billion, a P/E ratio of 52.74, a P/E/G 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 business has a 50-day moving average price of $96.97 and a 200-day moving average price of $110.97.
Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS 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 period last year, the business posted $0.56 earnings per share. On average, equities analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.
Vertiv Dividend Announcement
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 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's payout ratio is presently 11.72%.
Institutional Trading of Vertiv
A number of institutional investors have recently made changes to their positions in the business. First Hawaiian Bank raised its stake in Vertiv by 17.3% in the first quarter. First Hawaiian Bank now owns 4,045 shares of the company's stock valued at $292,000 after buying an additional 598 shares during the last quarter. Lederer & Associates Investment Counsel CA purchased a new position in shares of Vertiv in the 1st quarter valued at approximately $678,000. Kera Capital Partners Inc. raised its position in shares of Vertiv by 3.9% in the 1st quarter. Kera Capital Partners Inc. now owns 69,637 shares of the company's stock valued at $5,028,000 after purchasing an additional 2,631 shares during the last quarter. Neville Rodie & Shaw Inc. boosted its stake in Vertiv by 33.2% in the 1st quarter. Neville Rodie & Shaw Inc. now owns 55,355 shares of the company's stock worth $3,997,000 after purchasing an additional 13,800 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Vertiv by 30.6% during 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 in the last quarter. Institutional investors and hedge funds 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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