Vertiv (NYSE:VRT) Trading Up 2.2% - Here's Why

Shares of Vertiv Holdings Co (NYSE:VRT - Get Free Report) were up 2.2% on Friday . The stock traded as high as $73.74 and last traded at $73.24. Approximately 9,294,650 shares changed hands during mid-day trading, an increase of 3% from the average daily volume of 9,054,801 shares. The stock had previously closed at $71.65.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on VRT shares. Evercore ISI lowered their target price on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. JPMorgan Chase & Co. cut their target price on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They set an "overweight" rating and a $150.00 price target for the company. The Goldman Sachs Group reduced their price objective on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, Melius Research reissued a "hold" rating and issued a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $121.94.

Vertiv Trading Up 6.3 %

The company has a market cap of $27.35 billion, a P/E ratio of 56.12, a P/E/G ratio of 1.07 and a beta of 1.71. The business's 50-day moving average price is $83.36 and its 200 day moving average price is $108.33. 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 EPS for the quarter, beating 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 in the prior year, the company earned $0.56 EPS. As a group, analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio is currently 11.72%.

Hedge Funds Weigh In On Vertiv

A number of hedge funds have recently bought and sold shares of the business. Silverleafe Capital Partners LLC bought a new stake in shares of Vertiv in the fourth quarter valued at approximately $4,219,000. Foundations Investment Advisors LLC raised its holdings in Vertiv by 7.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock valued at $21,076,000 after acquiring an additional 13,559 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Vertiv by 67.0% during the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock valued at $1,043,000 after acquiring an additional 3,682 shares during the period. Nordea Investment Management AB grew its holdings in shares of Vertiv by 3,417.9% during the 4th quarter. Nordea Investment Management AB now owns 964,104 shares of the company's stock worth $110,544,000 after purchasing an additional 936,698 shares in the last quarter. Finally, Register Financial Advisors LLC acquired a new position in Vertiv in the fourth quarter valued at about $217,000. 89.92% of the stock is owned by 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.