Vertiv (NYSE:VRT) Trading Up 2.9% – What’s Next?

Vertiv Holdings Co (NYSE:VRT)’s stock price shot up 2.9% on Wednesday . The stock traded as high as $87.70 and last traded at $87.09. 1,670,637 shares were traded during mid-day trading, a decline of 80% from the average session volume of 8,546,230 shares. The stock had previously closed at $84.66.

Analyst Ratings Changes

Several research firms have issued reports on VRT. The Goldman Sachs Group upped their price target on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Evercore ISI dropped their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Morgan Stanley assumed coverage on Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target for the company. Mizuho upped their price objective on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. upped their price objective on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.07.

Vertiv Stock Up 4.7 %

The stock’s fifty day simple moving average is $109.87 and its 200-day simple moving average is $111.18. The stock has a market cap of $33.76 billion, a P/E ratio of 69.35, a P/E/G ratio of 1.07 and a beta of 1.71. 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 issued its quarterly 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 return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the prior year, the company earned $0.56 EPS. As a group, research analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be paid a $0.0375 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. Vertiv’s payout ratio is 11.72%.

Institutional Trading of Vertiv

Several large investors have recently bought and sold shares of VRT. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv in the 4th quarter valued at approximately $26,000. Mark Sheptoff Financial Planning LLC lifted its stake 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 last quarter. Brooklyn Investment Group acquired a new stake in shares of Vertiv during the 3rd quarter valued at $30,000. OLD Second National Bank of Aurora bought a new stake in Vertiv during the 4th quarter worth $30,000. Finally, Tradewinds Capital Management LLC increased its holdings in Vertiv by 61.3% in 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 in the last quarter. 89.92% of the stock is 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.