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

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

Wall Street Analysts Forecast Growth

VRT has been the subject of a number of recent research reports. Mizuho boosted their price objective on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Evercore ISI reduced their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Fox Advisors initiated coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating for the company. Melius lowered 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, TD Cowen increased their target price on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $136.07.

Vertiv Stock Up 3.0 %

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 $32.58 billion, a P/E ratio of 65.97, a PEG ratio of 1.07 and a beta of 1.71. The company has a 50 day moving average of $112.45 and a 200-day moving average of $110.61.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping 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 earned $0.56 EPS. As a group, equities analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be issued 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 0.18%. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Institutional Trading of Vertiv

Several institutional investors and hedge funds have recently bought and sold shares of VRT. Silverleafe Capital Partners LLC purchased a new position in shares of Vertiv during the fourth quarter valued at approximately $4,219,000. Foundations Investment Advisors LLC lifted its holdings in shares of Vertiv by 7.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock valued at $21,076,000 after purchasing an additional 13,559 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Vertiv by 67.0% during the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock valued at $1,043,000 after purchasing an additional 3,682 shares during the last quarter. Gordian Capital Singapore Pte Ltd lifted its holdings in shares of Vertiv by 112.5% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock valued at $846,000 after purchasing an additional 4,500 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Vertiv by 3,417.9% during the fourth quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock valued at $110,544,000 after purchasing an additional 936,698 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

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.