Vertiv (NYSE:VRT) Shares Up 1.5% - What's Next?

Shares of Vertiv Holdings Co (NYSE:VRT - Get Free Report) were up 1.5% during trading on Thursday . The company traded as high as $90.74 and last traded at $90.54. Approximately 1,919,668 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 8,524,882 shares. The stock had previously closed at $89.17.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VRT. Morgan Stanley began coverage on shares of Vertiv in a report on Monday, January 6th. They issued an "overweight" rating and a $150.00 target price on the stock. Barclays reduced their price objective on Vertiv from $131.00 to $111.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. Melius Research reissued a "hold" rating and issued a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Melius lowered 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. Finally, Citigroup increased their price objective on shares of Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Vertiv presently has a consensus rating of "Moderate Buy" and a consensus price target of $136.07.

Vertiv Stock Down 0.6 %

The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The company has a 50-day simple moving average of $107.46 and a 200-day simple moving average of $111.16. The firm has a market cap of $33.73 billion, a PE ratio of 69.20, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

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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, topping 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. Analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of VRT. Empowered Funds LLC grew its stake in shares of Vertiv by 6.5% during the third quarter. Empowered Funds LLC now owns 5,498 shares of the company's stock worth $547,000 after acquiring an additional 335 shares during the last quarter. Caprock Group LLC purchased a new position in shares of Vertiv during the 3rd quarter valued at about $409,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Vertiv in the 3rd quarter valued at about $869,000. PNC Financial Services Group Inc. boosted its stake in shares of Vertiv by 10.2% in the third quarter. PNC Financial Services Group Inc. now owns 28,066 shares of the company's stock worth $2,792,000 after buying an additional 2,604 shares during the last quarter. Finally, Moors & Cabot Inc. raised its position in Vertiv by 10.8% during the third quarter. Moors & Cabot Inc. now owns 6,235 shares of the company's stock valued at $620,000 after acquiring an additional 610 shares in the last quarter. Institutional investors own 89.92% of the company's stock.

Vertiv Company Profile

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.