Vertiv (NYSE:VRT) Stock Price Up 1.7% - Here's What Happened

Vertiv Holdings Co (NYSE:VRT - Get Free Report) rose 1.7% on Monday . The company traded as high as $90.45 and last traded at $88.93. Approximately 2,360,405 shares were traded during trading, a decline of 78% from the average daily volume of 10,729,151 shares. The stock had previously closed at $87.45.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VRT. Royal Bank of Canada began coverage on shares of Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 price target on the stock. Morgan Stanley began coverage on shares of Vertiv in a report on Monday, January 6th. They set an "overweight" rating and a $150.00 price target on the stock. Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target on the stock. in a report on Tuesday, January 28th. Melius Research reiterated a "hold" rating and set a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Finally, Barclays cut their price target on shares of Vertiv from $131.00 to $111.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Vertiv presently has a consensus rating of "Moderate Buy" and a consensus target price of $136.07.

Vertiv Stock Down 0.1 %

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 firm has a market capitalization of $33.92 billion, a P/E ratio of 69.59, a P/E/G ratio of 1.07 and a beta of 1.71. The company's 50-day simple moving average is $108.26 and its two-hundred day simple moving average is $110.87.

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Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping 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 earned $0.56 EPS. As a group, research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Vertiv by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock worth $4,130,415,000 after acquiring an additional 1,244,780 shares during the period. Jennison Associates LLC raised its position in shares of Vertiv by 68.6% during the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock valued at $880,971,000 after purchasing an additional 3,153,932 shares during the period. State Street Corp raised its position in shares of Vertiv by 4.2% during the 3rd quarter. State Street Corp now owns 7,635,081 shares of the company's stock valued at $759,614,000 after purchasing an additional 308,704 shares during the period. Geode Capital Management LLC raised its position in shares of Vertiv by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock valued at $688,260,000 after purchasing an additional 99,181 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Vertiv during the 4th quarter valued at $597,379,000. 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.