Shares of Vertiv Holdings Co (NYSE:VRT - Get Free Report) dropped 3.2% during trading on Thursday . The company traded as low as $79.91 and last traded at $82.67. Approximately 3,068,644 shares traded hands during trading, a decline of 72% from the average daily volume of 10,865,439 shares. The stock had previously closed at $85.38.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on VRT shares. Mizuho upped their price target on Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Oppenheimer raised their price target on Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. Fox Advisors started coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an "equal weight" rating on the stock. UBS Group began coverage on shares of Vertiv in a research note on Wednesday, November 13th. They issued a "buy" rating and a $155.00 price objective on the stock. Finally, Barclays dropped their price objective on shares of Vertiv from $131.00 to $111.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vertiv has an average rating of "Moderate Buy" and a consensus target price of $136.07.
Read Our Latest Research Report on VRT
Vertiv Trading Down 3.4 %
The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The firm has a market cap of $31.39 billion, a price-to-earnings ratio of 64.52, a PEG ratio of 1.07 and a beta of 1.71. The company has a 50-day moving average price of $113.15 and a 200 day moving average price of $110.80.
Vertiv (NYSE:VRT - Get Free Report) last released its earnings results 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 firm posted $0.56 EPS. As a group, research analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.
Vertiv Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.18%. The ex-dividend date is Tuesday, March 18th. Vertiv's dividend payout ratio is currently 11.72%.
Institutional Trading of Vertiv
Several hedge funds and other institutional investors have recently modified their holdings of VRT. Massachusetts Financial Services Co. MA purchased a new stake in shares of Vertiv during the 4th quarter worth about $597,379,000. Jennison Associates LLC increased its holdings in Vertiv by 10,825.0% in the third quarter. Jennison Associates LLC now owns 4,600,415 shares of the company's stock worth $457,695,000 after buying an additional 4,558,306 shares during the last quarter. Norges Bank bought a new position in Vertiv during the fourth quarter valued at approximately $391,777,000. Wellington Management Group LLP lifted its stake in Vertiv by 271.0% in the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company's stock valued at $389,548,000 after acquiring an additional 2,860,181 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Vertiv by 136.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock worth $379,101,000 after acquiring an additional 1,928,275 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.
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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