Vertiv (NYSE:VRT) Trading Down 1.1% – Here’s What Happened

Vertiv Holdings Co (NYSE:VRT) shares fell 1.1% during mid-day trading on Monday . The stock traded as low as $85.80 and last traded at $85.96. Approximately 2,412,756 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 8,964,110 shares. The stock had previously closed at $86.95.

Wall Street Analyst Weigh In

VRT has been the subject of several research analyst reports. Roth Capital raised Vertiv to a “strong-buy” rating in a research note on Monday, April 7th. Roth Mkm started coverage on Vertiv in a research report on Tuesday, April 8th. They issued a “buy” rating and a $75.00 price objective for the company. Barclays lowered their price objective on shares of Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday, April 4th. Cowen reiterated a “buy” rating on shares of Vertiv in a report on Thursday. Finally, Morgan Stanley decreased their price target on shares of Vertiv from $140.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $120.38.

Vertiv Trading Down 1.4 %

The business’s 50 day moving average price is $81.05 and its 200-day moving average price is $107.57. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The company has a market cap of $32.63 billion, a price-to-earnings ratio of 66.74, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the company earned $0.43 EPS. The firm’s quarterly revenue was up 24.2% on a year-over-year basis. On average, research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.18%. Vertiv’s dividend payout ratio is presently 8.72%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. SOA Wealth Advisors LLC. acquired a new stake in Vertiv in the 4th quarter valued at about $26,000. OLD Second National Bank of Aurora bought a new stake in Vertiv during the fourth quarter worth about $30,000. North Star Investment Management Corp. raised its holdings in shares of Vertiv by 4,120.0% during the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company’s stock worth $30,000 after buying an additional 412 shares in the last quarter. Tradewinds Capital Management LLC lifted its holdings in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in Vertiv in the fourth quarter valued at approximately $34,000. 89.92% of the stock is currently owned by institutional investors.

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.