Vertiv (NYSE:VRT) Shares Down 1.8% – What’s Next?

Vertiv Holdings Co (NYSE:VRT)’s stock price fell 1.8% on Friday . The company traded as low as $85.75 and last traded at $87.45. 1,064,351 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 8,518,123 shares. The stock had previously closed at $89.08.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VRT. Barclays cut their price target on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Fox Advisors initiated coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating on the stock. Citigroup increased their target price on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Melius Research reissued a “hold” rating and set a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Finally, Evercore ISI lowered their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Vertiv presently has an average rating of “Moderate Buy” and a consensus target price of $136.07.

Vertiv Stock Down 0.6 %

The company has a market capitalization of $33.73 billion, a P/E ratio of 69.20, a PEG ratio of 1.07 and a beta of 1.71. The firm’s 50 day moving average price is $107.46 and its two-hundred day moving average price is $111.16. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last released its quarterly earnings data 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 return on equity of 61.41% and a net margin of 6.19%. During the same period in the prior year, the firm posted $0.56 earnings per share. Equities research analysts forecast 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. Stockholders of record on Tuesday, March 18th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv’s payout ratio is presently 11.72%.

Institutional Investors Weigh In On Vertiv

Several large investors have recently made changes to their positions in VRT. Massachusetts Financial Services Co. MA acquired a new stake in shares of Vertiv in the 4th quarter valued at approximately $597,379,000. Norges Bank acquired a new stake in Vertiv during the 4th quarter valued at $391,777,000. Jennison Associates LLC lifted its holdings in Vertiv by 68.6% during the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock valued at $880,971,000 after purchasing an additional 3,153,932 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Vertiv by 271.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after purchasing an additional 2,860,181 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Vertiv by 136.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company’s stock valued at $379,101,000 after purchasing an additional 1,928,275 shares during the last quarter. Institutional investors and hedge funds 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.