Vertiv (NYSE:VRT) Trading Down 2.5% – What’s Next?

Shares of Vertiv Holdings Co (NYSE:VRT) fell 2.5% during mid-day trading on Tuesday . The company traded as low as $89.51 and last traded at $91.38. 2,481,730 shares changed hands during trading, a decline of 71% from the average session volume of 8,522,945 shares. The stock had previously closed at $93.69.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Evercore ISI reduced their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Melius cut shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research note on Tuesday, January 28th. Fox Advisors assumed coverage on shares of Vertiv in a report on Monday, January 6th. They set an “equal weight” rating for the company. Morgan Stanley assumed coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target on the stock. Finally, Citigroup upped their price objective 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. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $136.07.

Vertiv Stock Down 2.7 %

The stock has a market capitalization of $34.71 billion, a price-to-earnings ratio of 71.18, a P/E/G ratio of 1.07 and a beta of 1.71. The business has a 50-day moving average of $106.85 and a 200-day moving average of $111.55. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating 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 quarter in the previous year, the firm earned $0.56 earnings per share. On average, sell-side analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

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

Institutional Trading of Vertiv

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SOA Wealth Advisors LLC. purchased a new position in Vertiv during the 4th quarter worth approximately $26,000. Mark Sheptoff Financial Planning LLC increased its holdings in shares of Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the period. Brooklyn Investment Group purchased a new stake in Vertiv in the 3rd quarter valued at $30,000. OLD Second National Bank of Aurora acquired a new stake in Vertiv during the 4th quarter worth $30,000. Finally, Tradewinds Capital Management LLC grew its position in Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after purchasing 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.