Vertiv (NYSE:VRT) Stock Price Down 4.4% – What’s Next?

Shares of Vertiv Holdings Co (NYSE:VRT) dropped 4.4% on Tuesday . The stock traded as low as $84.06 and last traded at $85.13. Approximately 1,960,631 shares changed hands during trading, a decline of 77% from the average daily volume of 8,573,246 shares. The stock had previously closed at $89.04.

Analyst Ratings Changes

Several equities research analysts have commented on VRT shares. 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. Barclays dropped their target price on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Citigroup raised their target price 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 initiated coverage on Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating on the stock. Finally, Royal Bank of Canada assumed coverage on Vertiv in a research note on Friday, March 7th. They set an “outperform” rating and a $121.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $136.07.

Vertiv Stock Performance

The firm has a market capitalization of $33.99 billion, a price-to-earnings ratio of 69.73, a PEG ratio of 1.07 and a beta of 1.71. 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 firm’s fifty day moving average is $109.07 and its 200 day moving average is $111.02.

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

Vertiv Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders 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 0.17%. The ex-dividend date is Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Institutional Investors Weigh In On Vertiv

Large investors have recently made changes to their positions in the company. SOA Wealth Advisors LLC. bought a new position in Vertiv during the fourth quarter valued at approximately $26,000. Mark Sheptoff Financial Planning LLC increased its stake in shares of Vertiv by 200.0% during 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 during the last quarter. Brooklyn Investment Group bought a new position in shares of Vertiv during the 3rd quarter valued at $30,000. OLD Second National Bank of Aurora acquired a new stake in shares of Vertiv in the 4th quarter valued at $30,000. Finally, Tradewinds Capital Management LLC boosted its holdings in Vertiv by 61.3% in the fourth 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. Institutional investors 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.