Vertiv (NYSE:VRT) Trading 2.3% Higher - Here's What Happened

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s stock price rose 2.3% on Tuesday . The stock traded as high as $73.14 and last traded at $73.19. Approximately 1,060,377 shares traded hands during trading, a decline of 88% from the average daily volume of 8,986,612 shares. The stock had previously closed at $71.57.

Analysts Set New Price Targets

VRT has been the subject of a number of research analyst reports. Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Roth Mkm assumed coverage on shares of Vertiv in a report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price target on the stock. Melius Research reissued a "hold" rating and set a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Morgan Stanley started coverage on Vertiv in a research note on Monday, January 6th. They set an "overweight" rating and a $150.00 price target for the company. Finally, Royal Bank of Canada began coverage on Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 target price for the company. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Vertiv currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.94.

Vertiv Trading Up 2.2 %

The company has a market cap of $27.89 billion, a price-to-earnings ratio of 57.22, 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. The business's 50 day moving average price is $84.24 and its 200-day moving average price is $108.51.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results 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 firm posted $0.56 EPS. On average, research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 0.20%. The ex-dividend date was Tuesday, March 18th. Vertiv's payout ratio is presently 11.72%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv in the 4th quarter valued at approximately $26,000. OLD Second National Bank of Aurora bought a new stake in shares of Vertiv in the 4th quarter valued at $30,000. Tradewinds Capital Management LLC raised 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. FNY Investment Advisers LLC bought a new position in Vertiv during the fourth quarter worth about $34,000. Finally, Pittenger & Anderson Inc. grew its stake in Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after acquiring an additional 150 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.