Vertiv (NYSE:VRT) Stock Price Down 0.1% - What's Next?

Vertiv Holdings Co (NYSE:VRT - Get Free Report) shares dropped 0.1% on Wednesday . The stock traded as low as $72.43 and last traded at $75.19. Approximately 1,647,801 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 8,754,710 shares. The stock had previously closed at $75.27.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Citigroup upped their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a report on Monday, December 9th. Fox Advisors began coverage on Vertiv in a report on Monday, January 6th. They issued an "equal weight" rating on the stock. Barclays reduced 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 Research reiterated a "hold" rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Finally, Morgan Stanley initiated coverage on shares of Vertiv in a research note on Monday, January 6th. They set an "overweight" rating and a $150.00 price target for the company. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $135.33.

Vertiv Stock Performance

The company's 50-day simple moving average is $96.97 and its 200 day simple moving average is $110.97. The stock has a market cap of $25.71 billion, a P/E ratio of 52.74, a PEG 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.

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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 quarter last year, the company earned $0.56 EPS. As a group, sell-side analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. The ex-dividend date 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 presently 11.72%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp raised its holdings in shares of Vertiv by 8.1% in the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company's stock worth $128,000 after purchasing an additional 84 shares during the period. Prestige Wealth Management Group LLC raised its stake in shares of Vertiv by 2.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company's stock valued at $420,000 after buying an additional 85 shares during the period. Accurate Wealth Management LLC lifted its position in shares of Vertiv by 4.1% during the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company's stock valued at $254,000 after buying an additional 87 shares during the last quarter. Horizon Investment Services LLC grew its stake in shares of Vertiv by 4.1% during the 4th quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock worth $274,000 after acquiring an additional 95 shares during the period. Finally, Focus Partners Advisor Solutions LLC increased its holdings in Vertiv by 3.1% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company's stock worth $367,000 after acquiring an additional 97 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

About Vertiv

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.