Vertiv Holdings Co to Issue Quarterly Dividend of $0.04 (NYSE:VRT)

Vertiv Holdings Co (NYSE:VRT) announced a quarterly dividend on Friday, March 7th, Wall Street Journal reports. Shareholders of record on Tuesday, March 18th will be given a dividend of 0.0375 per share on Thursday, March 27th. 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 has raised its dividend by an average of 124.1% annually over the last three years. Vertiv has a dividend payout ratio of 3.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Vertiv to earn $4.46 per share next year, which means the company should continue to be able to cover its $0.15 annual dividend with an expected future payout ratio of 3.4%.

Vertiv Price Performance

Vertiv stock opened at $87.54 on Friday. The business has a 50 day simple moving average of $111.69 and a 200 day simple moving average of $110.89. 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 market capitalization of $33.33 billion, a PE ratio of 68.39, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. Vertiv has a one year low of $62.40 and a one year high of $155.84.

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 return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the previous year, the firm earned $0.56 earnings per share. On average, sell-side analysts forecast that Vertiv will post 3.59 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on VRT. Mizuho upped their price objective on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Melius Research reissued a “hold” rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Evercore ISI dropped their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. The Goldman Sachs Group boosted their price objective on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Citigroup increased their target price on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Four analysts have rated the stock with a hold rating and eleven have assigned 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.

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.