Vertiv (NYSE:VRT) Trading Up 4.7% - Here's What Happened

Vertiv Holdings Co (NYSE:VRT - Get Free Report) shares rose 4.7% on Tuesday . The company traded as high as $71.34 and last traded at $70.73. Approximately 2,244,769 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 9,009,272 shares. The stock had previously closed at $67.57.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Evercore ISI decreased their price target on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, January 17th. Melius lowered shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price for the company. in a research note on Tuesday, January 28th. Royal Bank of Canada began coverage on shares of Vertiv in a research note on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target on the stock. Barclays cut their price target on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research note on Friday, April 4th. Finally, Roth Capital raised shares of Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Vertiv presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.38.

Vertiv Trading Up 3.0 %

The firm has a market capitalization of $32.91 billion, a P/E ratio of 67.73, a PEG ratio of 1.07 and a beta of 1.71. The business has a 50-day moving average price of $81.52 and a 200-day moving average price of $107.71. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The company had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. Analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.17%. Vertiv's payout ratio is presently 8.72%.

Institutional Trading of Vertiv

A number of large investors have recently bought and sold shares of VRT. Stonebridge Financial Group LLC boosted its stake in shares of Vertiv by 8.2% in the 1st quarter. Stonebridge Financial Group LLC now owns 29,079 shares of the company's stock valued at $2,100,000 after purchasing an additional 2,211 shares in the last quarter. Prakash Investment Advisors LLC boosted its position in Vertiv by 85.6% in the first quarter. Prakash Investment Advisors LLC now owns 6,720 shares of the company's stock valued at $485,000 after buying an additional 3,100 shares in the last quarter. Sovran Advisors LLC bought a new stake in Vertiv during the first quarter worth about $1,798,000. Guardian Asset Advisors LLC grew its position in Vertiv by 14.9% during the 1st quarter. Guardian Asset Advisors LLC now owns 12,386 shares of the company's stock worth $894,000 after acquiring an additional 1,603 shares during the last quarter. Finally, Colonial River Investments LLC grew its position in Vertiv by 29.3% during the 1st quarter. Colonial River Investments LLC now owns 10,347 shares of the company's stock worth $747,000 after acquiring an additional 2,346 shares during the last quarter. 89.92% of the stock is currently 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.