Vertiv (NYSE:VRT) Trading Up 5.7% – What’s Next?

Vertiv Holdings Co (NYSE:VRT) shares shot up 5.7% on Monday . The stock traded as high as $93.98 and last traded at $93.68. 2,112,055 shares traded hands during trading, a decline of 75% from the average session volume of 8,507,862 shares. The stock had previously closed at $88.63.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VRT. Royal Bank of Canada began coverage on shares of Vertiv in a research note on Friday, March 7th. They set an “outperform” rating and a $121.00 price target on the stock. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a research report on Tuesday, January 28th. Citigroup boosted their target price on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Barclays decreased 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 note on Monday, March 3rd. Finally, Fox Advisors started coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating for the company. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $136.07.

Vertiv Stock Performance

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 50 day moving average of $107.46 and a 200-day moving average of $111.41. The stock has a market capitalization of $35.70 billion, a PE ratio of 72.93, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business posted $0.56 earnings per share. Research analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.0375 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.16%. Vertiv’s dividend payout ratio is currently 11.72%.

Institutional Trading of Vertiv

A number of institutional investors have recently bought and sold shares of VRT. Massachusetts Financial Services Co. MA acquired a new position in shares of Vertiv in the fourth quarter valued at approximately $597,379,000. Norges Bank bought a new stake in Vertiv in the 4th quarter valued at about $391,777,000. Jennison Associates LLC increased its stake in shares of Vertiv by 68.6% in 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 position in shares of Vertiv by 271.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after buying an additional 2,860,181 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Vertiv by 136.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company’s stock valued at $379,101,000 after buying an additional 1,928,275 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

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.