Vertiv (NYSE:VRT) Trading Up 1% – What’s Next?

Vertiv Holdings Co (NYSE:VRT)’s stock price was up 1% during trading on Thursday . The stock traded as high as $72.88 and last traded at $72.34. Approximately 1,739,393 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 9,015,101 shares. The stock had previously closed at $71.65.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VRT. JPMorgan Chase & Co. lowered their target price on Vertiv from $132.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Melius Research reaffirmed a “hold” rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Evercore ISI decreased their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. 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 for the company. Finally, Citigroup lowered their price target on shares of Vertiv from $153.00 to $98.00 and set a “buy” rating for the company in a report on Monday. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $121.94.

Vertiv Trading Up 2.4 %

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 stock has a market cap of $27.93 billion, a price-to-earnings ratio of 57.30, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a 50 day moving average of $86.28 and a 200-day moving average of $108.86.

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

Vertiv Announces Dividend

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

Institutional Investors Weigh In On Vertiv

Several institutional investors have recently made changes to their positions in VRT. Janney Montgomery Scott LLC lifted its holdings in shares of Vertiv by 12.5% in the first quarter. Janney Montgomery Scott LLC now owns 174,942 shares of the company’s stock valued at $12,631,000 after purchasing an additional 19,446 shares in the last quarter. North Star Investment Management Corp. boosted its stake in shares of 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 acquiring an additional 412 shares during the last quarter. Optas LLC lifted its holdings in Vertiv by 108.5% in the 1st quarter. Optas LLC now owns 5,708 shares of the company’s stock valued at $412,000 after purchasing an additional 2,971 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in Vertiv during the first quarter worth approximately $518,000. Finally, Vaughan Nelson Investment Management L.P. grew its position in shares of Vertiv by 25.5% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 112,430 shares of the company’s stock valued at $8,117,000 after purchasing an additional 22,855 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.