Vertiv (NYSE:VRT) Shares Down 4.1% – What’s Next?

Vertiv Holdings Co (NYSE:VRT)’s stock price was down 4.1% on Friday . The company traded as low as $73.66 and last traded at $73.21. Approximately 3,989,933 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 8,586,264 shares. The stock had previously closed at $76.32.

Analyst Ratings Changes

A number of brokerages recently issued reports on VRT. 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. Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a report on Tuesday, January 28th. Fox Advisors initiated coverage on Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating on the stock. Royal Bank of Canada started coverage on Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price for the company. Finally, Barclays dropped their price target on Vertiv from $111.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $135.33.

Vertiv Stock Down 2.6 %

The firm’s 50 day simple moving average is $102.74 and its 200-day simple moving average is $111.48. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $28.30 billion, a price-to-earnings ratio of 58.06, a price-to-earnings-growth 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, 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 company earned $0.56 EPS. Equities analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a $0.0375 dividend. 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 payout ratio is presently 11.72%.

Hedge Funds Weigh In On Vertiv

A number of institutional investors have recently added to or reduced their stakes in VRT. SOA Wealth Advisors LLC. bought a new position in shares of Vertiv in the 4th quarter valued at about $26,000. Brooklyn Investment Group bought a new position in Vertiv during the third quarter worth about $30,000. Mark Sheptoff Financial Planning LLC increased its position in Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after buying an additional 200 shares during the last quarter. OLD Second National Bank of Aurora bought a new stake in Vertiv in the fourth quarter valued at approximately $30,000. Finally, Tradewinds Capital Management LLC lifted 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 buying an additional 111 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.