Vertiv (NYSE:VRT) Price Target Lowered to $100.00 at JPMorgan Chase & Co.

Vertiv (NYSE:VRT) had its price objective cut by JPMorgan Chase & Co. from $132.00 to $100.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts also recently weighed in on the company. Morgan Stanley initiated coverage on Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target for the company. Fox Advisors began coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating on the stock. Melius Research reaffirmed a “hold” rating and issued a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a report on Tuesday, January 28th. Finally, Barclays reduced their target price on Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a research note on Friday, April 4th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and an average price target of $128.94.

Vertiv Stock Down 1.4 %

Shares of Vertiv stock opened at $62.95 on Tuesday. Vertiv has a 52-week low of $53.60 and a 52-week high of $155.84. The firm’s 50 day moving average price is $92.64 and its 200-day moving average price is $110.35. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The company has a market cap of $23.97 billion, a P/E ratio of 49.18, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the company earned $0.56 EPS. On average, sell-side analysts predict that Vertiv will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.24%. The ex-dividend date was Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is 11.72%.

Institutional Trading of Vertiv

A number of hedge funds have recently added to or reduced their stakes in the company. Presidio Capital Management LLC raised its position in shares of Vertiv by 28.2% in the first quarter. Presidio Capital Management LLC now owns 5,930 shares of the company’s stock worth $428,000 after acquiring an additional 1,305 shares during the period. Rothschild Investment LLC raised its holdings in Vertiv by 23.2% in the 1st quarter. Rothschild Investment LLC now owns 1,736 shares of the company’s stock worth $125,000 after purchasing an additional 327 shares during the period. GAMMA Investing LLC boosted its position in Vertiv by 6,323.9% during the first quarter. GAMMA Investing LLC now owns 183,532 shares of the company’s stock worth $13,251,000 after purchasing an additional 180,675 shares in the last quarter. AdvisorNet Financial Inc grew its holdings in Vertiv by 522.3% in the first quarter. AdvisorNet Financial Inc now owns 921 shares of the company’s stock valued at $66,000 after purchasing an additional 773 shares during the period. Finally, First Hawaiian Bank increased its position in shares of Vertiv by 17.3% in the first quarter. First Hawaiian Bank now owns 4,045 shares of the company’s stock valued at $292,000 after buying an additional 598 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Company Profile

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.