Vertiv Holdings Co. (NYSE:VRT – Get Free Report) announced a quarterly dividend on Friday, March 6th. Investors of record on Tuesday, March 17th will be given a dividend of 0.0625 per share on Thursday, March 26th. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Tuesday, March 17th.
Vertiv has increased its dividend payment by an average of 0.7%annually over the last three years and has increased its dividend every year for the last 2 years. Vertiv has a dividend payout ratio of 5.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Vertiv to earn $4.46 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 5.6%.
Vertiv Stock Down 2.5%
NYSE:VRT traded down $6.58 during mid-day trading on Friday, hitting $258.80. The stock had a trading volume of 6,973,028 shares, compared to its average volume of 6,745,407. The stock has a 50-day simple moving average of $213.20 and a two-hundred day simple moving average of $180.61. The company has a market capitalization of $99.02 billion, a PE ratio of 75.89, a PEG ratio of 1.31 and a beta of 2.02. Vertiv has a twelve month low of $53.60 and a twelve month high of $276.78. The company has a current ratio of 1.55, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on VRT. Weiss Ratings upgraded shares of Vertiv from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 13th. Citigroup lifted their price target on Vertiv from $220.00 to $286.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Mizuho upped their price objective on Vertiv from $198.00 to $290.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $281.00 price objective on shares of Vertiv in a report on Thursday, February 12th. Finally, JPMorgan Chase & Co. decreased their target price on Vertiv from $230.00 to $225.00 and set an “overweight” rating for the company in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and an average target price of $230.28.
Check Out Our Latest Stock Analysis on VRT
About Vertiv
Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.
The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.
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