Vertiv (NYSE:VRT) Shares Up 3.3%

Shares of Vertiv Holdings Co (NYSE:VRT) traded up 3.3% on Tuesday . The stock traded as high as $81.00 and last traded at $80.60. 2,003,914 shares traded hands during trading, a decline of 77% from the average session volume of 8,653,923 shares. The stock had previously closed at $78.06.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VRT. Evercore ISI reiterated an “outperform” rating and issued a $105.00 price objective on shares of Vertiv in a research report on Thursday, August 15th. TD Cowen increased their price target on shares of Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Bank of America upped their price objective on shares of Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Mizuho upgraded shares of Vertiv from a “neutral” rating to an “outperform” rating and dropped their target price for the stock from $95.00 to $92.00 in a report on Wednesday, August 7th. Finally, The Goldman Sachs Group dropped their price objective on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vertiv presently has an average rating of “Buy” and an average target price of $96.22.

Vertiv Stock Up 0.3 %

The stock’s 50 day simple moving average is $82.60 and its two-hundred day simple moving average is $83.32. The firm has a market cap of $30.12 billion, a P/E ratio of 77.38, a P/E/G ratio of 0.97 and a beta of 1.58. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 0.98.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the business earned $0.46 earnings per share. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. As a group, research analysts forecast that Vertiv Holdings Co will post 2.58 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Monday, June 17th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.12%. The ex-dividend date was Monday, June 17th. Vertiv’s dividend payout ratio (DPR) is currently 9.62%.

Institutional Trading of Vertiv

A number of institutional investors and hedge funds have recently modified their holdings of VRT. Bogart Wealth LLC purchased a new position in shares of Vertiv during the 1st quarter worth $25,000. Atticus Wealth Management LLC bought a new stake in shares of Vertiv in the 1st quarter valued at approximately $27,000. Mather Group LLC. raised its position in Vertiv by 132.5% in the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares during the period. OFI Invest Asset Management purchased a new stake in Vertiv in the second quarter worth $34,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in Vertiv in the 1st quarter worth about $34,000. Institutional investors own 89.92% of the company’s stock.

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.