Vertiv (NYSE:VRT) Price Target Lowered to $90.00 at Barclays

Vertiv (NYSE:VRT) had its price objective lowered by Barclays from $100.00 to $90.00 in a research note released on Friday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

VRT has been the subject of a number of other reports. Citigroup upped their price objective on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Royal Bank of Canada assumed coverage on shares of Vertiv in a report on Friday, March 7th. They set an “outperform” rating and a $121.00 price target for the company. Fox Advisors initiated coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. Morgan Stanley assumed coverage on Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price for the company. Finally, Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $134.67.

Vertiv Stock Down 11.9 %

Shares of VRT opened at $59.42 on Friday. The firm has a 50 day simple moving average of $95.23 and a two-hundred day simple moving average of $111.10. The company has a market cap of $22.63 billion, a P/E ratio of 46.43, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv has a one year low of $55.32 and a one year high of $155.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate 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 posted $0.56 earnings per share. Research analysts forecast that Vertiv will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Institutional Trading of Vertiv

A number of institutional investors have recently bought and sold shares of the company. First Hawaiian Bank raised its position in shares of Vertiv by 17.3% in the 1st quarter. First Hawaiian Bank now owns 4,045 shares of the company’s stock worth $292,000 after acquiring an additional 598 shares in the last quarter. Lederer & Associates Investment Counsel CA bought a new stake in Vertiv in the first quarter worth approximately $678,000. Kera Capital Partners Inc. increased its holdings in Vertiv by 3.9% in the first quarter. Kera Capital Partners Inc. now owns 69,637 shares of the company’s stock worth $5,028,000 after purchasing an additional 2,631 shares in the last quarter. Neville Rodie & Shaw Inc. lifted its stake in Vertiv by 33.2% in the first quarter. Neville Rodie & Shaw Inc. now owns 55,355 shares of the company’s stock valued at $3,997,000 after buying an additional 13,800 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Vertiv by 30.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 768 shares of the company’s stock worth $55,000 after buying an additional 180 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

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.