Vertiv (NYSE:VRT) Stock Price Up 0.5% – What’s Next?

Vertiv Holdings Co (NYSE:VRT) was up 0.5% on Wednesday . The company traded as high as $89.52 and last traded at $83.57. Approximately 3,683,002 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 10,901,675 shares. The stock had previously closed at $83.12.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on VRT shares. Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a report on Tuesday, January 28th. TD Cowen boosted their price objective on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Citigroup boosted their price objective on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Fox Advisors started coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating for the company. Finally, The Goldman Sachs Group boosted their price objective on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Vertiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.07.

Vertiv Stock Performance

The business’s 50-day moving average price is $112.45 and its 200-day moving average price is $110.61. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The stock has a market cap of $32.58 billion, a P/E ratio of 65.97, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) 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 quarter in the prior year, the business posted $0.56 earnings per share. As a group, sell-side analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date is Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is 11.72%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. SOA Wealth Advisors LLC. purchased a new position in shares of Vertiv during the 4th quarter valued at $26,000. Mark Sheptoff Financial Planning LLC lifted 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 worth $30,000 after purchasing an additional 200 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Vertiv in the 3rd quarter worth $30,000. OLD Second National Bank of Aurora purchased a new stake in Vertiv in the 4th quarter worth $30,000. Finally, Tradewinds Capital Management LLC lifted its stake 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. Hedge funds and other 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.