Barclays Lowers Vertiv (NYSE:VRT) Price Target to $100.00

Vertiv (NYSE:VRT) had its price objective decreased by Barclays from $111.00 to $100.00 in a research note released on Wednesday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other research analysts have also issued reports about the company. Morgan Stanley initiated coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price for the company. Royal Bank of Canada began coverage on Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price target on the stock. Citigroup raised their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Tuesday, January 28th. Finally, Fox Advisors started coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating on the stock. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $135.33.

Vertiv Trading Down 2.6 %

Shares of VRT stock opened at $74.32 on Wednesday. The company has a market cap of $28.30 billion, a PE ratio of 58.06, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. Vertiv has a 12 month low of $62.40 and a 12 month high of $155.84. 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 business’s 50 day moving average is $102.74 and its two-hundred day moving average is $111.23.

Vertiv (NYSE:VRT) last issued 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 return on equity of 61.41% and a net margin of 6.19%. During the same period in the prior year, the company posted $0.56 EPS. Equities analysts predict that Vertiv will post 3.59 EPS for the current year.

Vertiv Announces Dividend

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

Institutional Investors Weigh In On Vertiv

Hedge funds and other institutional investors have recently bought and sold shares of the company. SOA Wealth Advisors LLC. bought a new position in Vertiv in the fourth quarter valued at $26,000. Mark Sheptoff Financial Planning LLC lifted its position in shares of Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the last quarter. Brooklyn Investment Group bought a new position in Vertiv during the third quarter worth $30,000. OLD Second National Bank of Aurora bought a new stake in shares of Vertiv during the 4th quarter worth about $30,000. Finally, Tradewinds Capital Management LLC grew its position in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during 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.