Vertiv (NYSE:VRT) Trading Up 2.2% – What’s Next?

Vertiv Holdings Co (NYSE:VRT)’s stock price traded up 2.2% during mid-day trading on Friday . The company traded as high as $73.74 and last traded at $73.24. 9,294,650 shares traded hands during mid-day trading, an increase of 3% from the average session volume of 9,054,801 shares. The stock had previously closed at $71.65.

Analyst Ratings Changes

Several brokerages recently weighed in on VRT. Fox Advisors started coverage on Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating for the company. Morgan Stanley started coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective on the stock. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research report on Tuesday, January 28th. The Goldman Sachs Group dropped their target price on shares of Vertiv from $135.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, Royal Bank of Canada began coverage on Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and a consensus target price of $121.94.

Vertiv Stock Up 2.2 %

The stock has a 50 day moving average of $85.23 and a 200-day moving average of $108.68. 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 firm has a market capitalization of $27.89 billion, a P/E ratio of 57.22, a PEG ratio of 1.07 and a beta of 1.71.

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 quarter in the prior year, the company earned $0.56 EPS. Research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. Vertiv’s payout ratio is presently 11.72%.

Institutional Trading of Vertiv

Several institutional investors have recently bought and sold shares of the company. SOA Wealth Advisors LLC. purchased a new position in Vertiv in the 4th quarter worth approximately $26,000. OLD Second National Bank of Aurora purchased a new position in Vertiv in the 4th quarter worth about $30,000. North Star Investment Management Corp. lifted its position in Vertiv by 4,120.0% during the first quarter. North Star Investment Management Corp. now owns 422 shares of the company’s stock valued at $30,000 after purchasing an additional 412 shares during the period. Tradewinds Capital Management LLC grew its position 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 during the period. Finally, FNY Investment Advisers LLC bought a new position in shares of Vertiv during the 4th quarter valued at $34,000. 89.92% of the stock is 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.