Vertiv (NYSE:VRT) Price Target Cut to $98.00 by Analysts at Citigroup

Vertiv (NYSE:VRT) had its price target lowered by Citigroup from $153.00 to $98.00 in a report issued on Monday,Benzinga reports. Citigroup currently has a buy rating on the stock.

VRT has been the subject of several other research reports. Barclays lowered their target price on shares of Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a report on Friday, April 4th. Royal Bank of Canada initiated coverage on shares of Vertiv in a research note on Friday, March 7th. They set an “outperform” rating and a $121.00 price target for the company. Fox Advisors assumed coverage on Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating on the stock. Roth Mkm initiated coverage on Vertiv in a research report on Tuesday, April 8th. They issued a “buy” rating and a $75.00 price target for the company. Finally, Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.94.

Vertiv Stock Up 2.6 %

VRT stock opened at $71.41 on Monday. Vertiv has a twelve month low of $53.60 and a twelve month high of $155.84. 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 business has a 50 day moving average of $88.22 and a 200 day moving average of $109.37. The firm has a market cap of $27.19 billion, a PE ratio of 55.79, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping 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 period last year, the firm earned $0.56 earnings per share. On average, research analysts forecast that Vertiv will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.21%. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Institutional Trading of Vertiv

A number of large investors have recently added to or reduced their stakes in the business. SOA Wealth Advisors LLC. purchased a new position in Vertiv during the 4th quarter valued at about $26,000. OLD Second National Bank of Aurora acquired a new position in Vertiv during the 4th quarter worth $30,000. Tradewinds Capital Management LLC grew its position in shares of 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 buying an additional 111 shares during the period. FNY Investment Advisers LLC bought a new position in Vertiv during the fourth quarter worth about $34,000. Finally, Pittenger & Anderson Inc. raised its holdings in Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after purchasing an additional 150 shares during the period. 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.