Vertiv (NYSE:VRT) Stock Price Down 4.5% – What’s Next?

Vertiv Holdings Co (NYSE:VRT) traded down 4.5% on Monday . The company traded as low as $68.25 and last traded at $70.89. 4,399,288 shares traded hands during trading, a decline of 50% from the average session volume of 8,731,393 shares. The stock had previously closed at $74.25.

Wall Street Analyst Weigh In

A number of brokerages have commented on VRT. Morgan Stanley started coverage on Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective on the stock. Royal Bank of Canada initiated coverage on shares of Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price target on the stock. Citigroup boosted their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. Evercore ISI lowered their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Finally, Barclays dropped their price objective on Vertiv from $111.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.33.

Vertiv Price Performance

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 firm has a market cap of $27.55 billion, a P/E ratio of 56.52, a P/E/G ratio of 1.07 and a beta of 1.71. The business’s 50 day moving average is $102.74 and its two-hundred day moving average is $111.69.

Vertiv (NYSE:VRT) last announced 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 period in the prior year, the business posted $0.56 EPS. As a group, analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.21%. Vertiv’s dividend payout ratio is currently 11.72%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp raised 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 purchasing an additional 84 shares during the period. Prestige Wealth Management Group LLC lifted its stake 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 purchasing an additional 85 shares in the last quarter. Accurate Wealth Management LLC grew its position in shares of Vertiv by 4.1% during the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock valued at $254,000 after purchasing an additional 87 shares in the last quarter. Horizon Investment Services LLC increased its holdings 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 purchasing an additional 95 shares during the period. Finally, Focus Partners Advisor Solutions LLC boosted its stake in Vertiv by 3.1% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company’s stock valued at $367,000 after buying an additional 97 shares during the period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

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.