Vertiv (NYSE:VRT) Stock Price Down 4.4% - What's Next?

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s share price was down 4.4% on Tuesday . The company traded as low as $84.06 and last traded at $85.13. Approximately 1,960,631 shares traded hands during trading, a decline of 77% from the average daily volume of 8,573,246 shares. The stock had previously closed at $89.04.

Analyst Ratings Changes

A number of research firms have recently issued reports on VRT. Citigroup upped their price objective on Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Royal Bank of Canada assumed coverage on shares of Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 target price for the company. Melius Research reissued a "hold" rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Fox Advisors initiated coverage on Vertiv in a research report on Monday, January 6th. They issued an "equal weight" rating for the company. Finally, Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target for the company. in a research report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $136.07.

Vertiv Price Performance

The stock has a market cap of $33.73 billion, a PE ratio of 69.20, a PEG ratio of 1.07 and a beta of 1.71. The firm has a 50-day moving average of $108.26 and a 200-day moving average of $110.87. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

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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 prior year, the company posted $0.56 EPS. Research analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.17%. Vertiv's payout ratio is 11.72%.

Institutional Trading of Vertiv

A number of large investors have recently made changes to their positions in VRT. SOA Wealth Advisors LLC. purchased a new stake in Vertiv in the 4th quarter valued at about $26,000. OLD Second National Bank of Aurora bought a new stake in shares of Vertiv during the fourth quarter valued at approximately $30,000. Tradewinds Capital Management LLC boosted its holdings in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after purchasing an additional 111 shares during the period. Mark Sheptoff Financial Planning LLC boosted its holdings in shares of Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock valued at $30,000 after purchasing an additional 200 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in Vertiv in the fourth quarter worth approximately $34,000. 89.92% of the stock is owned by hedge funds and other 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.