Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s stock price fell 1.8% during trading on Friday . The company traded as low as $85.75 and last traded at $87.45. 1,064,351 shares traded hands during trading, a decline of 88% from the average session volume of 8,518,123 shares. The stock had previously closed at $89.08.
Analyst Ratings Changes
A number of research firms have recently weighed in on VRT. Royal Bank of Canada began coverage on Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target for the company. Citigroup boosted their target price on shares of Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, December 9th. 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 on the stock. Fox Advisors began coverage on shares of Vertiv in a research note on Monday, January 6th. They set an "equal weight" rating on the stock. Finally, Melius downgraded Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target for the company. in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Vertiv currently has an average rating of "Moderate Buy" and a consensus target price of $136.07.
Read Our Latest Stock Report on VRT
Vertiv Stock Up 5.7 %
The stock has a fifty day moving average price of $107.46 and a 200-day moving average price of $111.41. The firm has a market cap of $35.67 billion, a PE ratio of 73.23, a PEG ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.
Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping 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 period last year, the company earned $0.56 earnings per share. Research analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.
Vertiv Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date is Tuesday, March 18th. Vertiv's dividend payout ratio is presently 11.72%.
Institutional Investors Weigh In On Vertiv
A number of large investors have recently modified their holdings of the stock. SOA Wealth Advisors LLC. acquired a new stake in Vertiv in the fourth quarter valued at approximately $26,000. Mark Sheptoff Financial Planning LLC boosted its stake in shares of Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock valued at $30,000 after purchasing an additional 200 shares during the period. Brooklyn Investment Group purchased a new position in shares of Vertiv in the third quarter valued at $30,000. OLD Second National Bank of Aurora acquired a new stake in Vertiv during the 4th quarter valued at $30,000. Finally, Tradewinds Capital Management LLC increased its stake in Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after buying an additional 111 shares during the period. 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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