Vertiv Holdings Co Announces Quarterly Dividend of $0.04 (NYSE:VRT)

Vertiv Holdings Co (NYSE:VRT) declared a quarterly dividend on Monday, March 10th, Wall Street Journal reports. Investors of record on Tuesday, March 18th will be given a dividend of 0.0375 per share on Thursday, March 27th. This represents a $0.15 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend is Tuesday, March 18th.

Vertiv has raised its dividend payment by an average of 124.1% per year over the last three years. Vertiv has a payout ratio of 3.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Vertiv to earn $4.46 per share next year, which means the company should continue to be able to cover its $0.15 annual dividend with an expected future payout ratio of 3.4%.

Vertiv Stock Down 8.4 %

Shares of NYSE VRT traded down $7.15 during midday trading on Monday, hitting $77.89. 13,325,919 shares of the stock traded hands, compared to its average volume of 10,988,073. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. Vertiv has a one year low of $62.40 and a one year high of $155.84. The business has a 50 day moving average price of $115.09 and a two-hundred day moving average price of $110.94. The company has a market cap of $29.66 billion, a PE ratio of 60.85, a P/E/G 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, beating 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 quarter last year, the firm posted $0.56 earnings per share. On average, equities analysts predict that Vertiv will post 3.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VRT. Morgan Stanley started coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target on the stock. TD Cowen increased their price objective on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Barclays cut their target price on Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Evercore ISI lowered their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Finally, Citigroup lifted their price objective on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $136.07.

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.