Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s stock price dropped 3.2% during mid-day trading on Thursday . The company traded as low as $79.91 and last traded at $82.67. Approximately 3,068,644 shares changed 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.
Analyst Ratings Changes
VRT has been the topic of a number of analyst reports. TD Cowen boosted their price objective on Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Fox Advisors initiated coverage on Vertiv in a research note on Monday, January 6th. They set an "equal weight" rating on the stock. Evercore ISI decreased their price objective on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, January 17th. JPMorgan Chase & Co. upped their target price on Vertiv from $124.00 to $132.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 19th. Finally, Citigroup upped their target price on Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $136.07.
Check Out Our Latest Research Report on VRT
Vertiv Price Performance
The business has a fifty day moving average price of $110.79 and a 200-day moving average price of $111.17. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $32.23 billion, a PE ratio of 66.13, a PEG ratio of 1.07 and a beta of 1.71.
Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 period in the previous year, the company posted $0.56 earnings per share. Research analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.
Vertiv Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors 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 yield of 0.18%. The ex-dividend date is Tuesday, March 18th. Vertiv's dividend payout ratio is presently 11.72%.
Institutional Investors Weigh In On Vertiv
Several institutional investors have recently bought and sold shares of VRT. SOA Wealth Advisors LLC. purchased a new stake in Vertiv during the 4th quarter valued at about $26,000. Mark Sheptoff Financial Planning LLC boosted its holdings in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock valued at $30,000 after acquiring an additional 200 shares during the period. Brooklyn Investment Group purchased a new stake in Vertiv during the 3rd quarter valued at about $30,000. OLD Second National Bank of Aurora purchased a new stake in Vertiv during the 4th quarter valued at about $30,000. Finally, Tradewinds Capital Management LLC boosted its holdings in Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after acquiring an additional 111 shares during the period. 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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