Vertiv (NYSE:VRT) Trading 1.7% Higher – Here’s Why

Shares of Vertiv Holdings Co (NYSE:VRT) were up 1.7% during trading on Monday . The stock traded as high as $90.45 and last traded at $88.93. Approximately 2,360,405 shares traded hands 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

VRT has been the topic of several recent analyst reports. Melius Research restated a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Citigroup lifted their price objective on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Fox Advisors initiated coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating for the company. Melius cut 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. Finally, The Goldman Sachs Group raised their price target on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Vertiv has a consensus rating of “Moderate Buy” and a consensus target price of $136.07.

Vertiv Trading Up 3.0 %

The business’s fifty day simple moving average is $111.69 and its two-hundred day simple moving average is $111.10. 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 cap of $34.30 billion, a price-to-earnings ratio of 70.38, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the firm posted $0.56 EPS. On average, equities analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

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

Institutional Trading of Vertiv

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp grew its stake in shares of Vertiv by 8.1% during the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock valued at $128,000 after buying an additional 84 shares during the period. Prestige Wealth Management Group LLC boosted its holdings in Vertiv by 2.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company’s stock worth $420,000 after acquiring an additional 85 shares during the period. Accurate Wealth Management LLC grew its stake in shares of Vertiv by 4.1% during the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock valued at $254,000 after acquiring an additional 87 shares in the last quarter. Horizon Investment Services LLC increased its stake in shares of Vertiv by 4.1% in the fourth quarter. Horizon Investment Services LLC now owns 2,410 shares of the company’s stock worth $274,000 after buying an additional 95 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC grew its position in shares of Vertiv by 3.1% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company’s stock worth $367,000 after acquiring an additional 97 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

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.