Vertiv (NYSE:VRT) Stock Price Up 5.7% - Here's What Happened

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s stock price traded up 5.7% during trading on Monday . The company traded as high as $93.98 and last traded at $93.68. 2,112,055 shares were traded during trading, a decline of 75% from the average session volume of 8,507,862 shares. The stock had previously closed at $88.63.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Morgan Stanley initiated coverage on Vertiv in a research report on Monday, January 6th. They set an "overweight" rating and a $150.00 target price for the company. Melius downgraded shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price for the company. in a research report on Tuesday, January 28th. Evercore ISI dropped their price target on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Melius Research reiterated a "hold" rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Finally, Fox Advisors initiated coverage on shares of Vertiv in a report on Monday, January 6th. They issued an "equal weight" rating on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $135.33.

Vertiv Price Performance

The business has a 50-day moving average price of $103.98 and a two-hundred day moving average price of $111.23. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $27.87 billion, a price-to-earnings ratio of 57.08, 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 earnings per share for the quarter, beating analysts' consensus estimates 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 last year, the business earned $0.56 EPS. As a group, research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. 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 the stock. SOA Wealth Advisors LLC. bought a new stake in shares of Vertiv in the 4th quarter worth $26,000. OLD Second National Bank of Aurora purchased a new position in Vertiv during the fourth quarter worth about $30,000. Tradewinds Capital Management LLC grew its position in Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after purchasing an additional 111 shares in the last quarter. Mark Sheptoff Financial Planning LLC increased its stake in Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock valued at $30,000 after buying an additional 200 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of Vertiv during the 4th quarter worth approximately $34,000. 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.