Vertiv Holdings Co. saw a decline of 1.2% in its share price during trading on Tuesday, with the stock trading as low as $197.38 before settling at $199.50. The day’s trading volume surpassed average levels, reaching approximately 6.6 million shares, which is a notable 23% increase from the average daily volume of 5.4 million shares. The stock had previously closed at $202.00.
In recent analyst evaluations, several brokerages have updated their ratings on Vertiv. Weiss Ratings downgraded the company from a “buy (B-)” to a “hold (C+)” rating. Conversely, Oppenheimer raised its price target from $190.00 to $195.00 while maintaining an “outperform” rating. JPMorgan Chase & Co. adjusted its target price down from $230.00 to $225.00 and kept an “overweight” rating. UBS Group also increased its target from $173.00 to $201.00, issuing a “buy” rating. Deutsche Bank set a target price of $216.00 with a “buy” assessment. Overall, the consensus rating for Vertiv among analysts stands at “Moderate Buy,” with an average price target of $187.89.
Looking at the company’s recent performance, the 50-day moving average price is $175.10 while the 200-day moving average is $161.93. Vertiv holds a market capitalization of $76.28 billion, with a P/E ratio of 75.28 and a PEG ratio of 1.20. The company demonstrates solid financial health with a debt-to-equity ratio of 0.83 and a current ratio of 1.83.
In a positive development, Vertiv recently announced an increase in its quarterly dividend, declaring a payment of $0.0625 per share, up from the previous $0.04. This represents an annualized dividend yield of 0.1% and a payout ratio of 9.43%, suggesting a commitment to returning value to shareholders.
In other news, Stephen Liang, the company’s Executive Vice President, sold 5,501 shares at an average price of $170.48 on November 24, resulting in a significant reduction of his holdings by 57.60%.
Recent institutional investment activities show that hedge funds have been actively adjusting their positions in Vertiv. Norges Bank made a substantial investment of over $808 million, while Winslow Capital Management also entered a new position worth $459 million. Notably, 89.92% of Vertiv’s stock is currently owned by institutional investors and hedge funds, reflecting significant confidence in the company.
As a global provider of vital digital infrastructure, Vertiv continues to focus on critical solutions for data centers and communication networks, reinforcing its position in a rapidly evolving market.