Vertiv Holdings Co (VRT) To Go Ex-Dividend on March 18th

Vertiv Holdings Co (NYSE:VRT) announced a quarterly dividend on Friday, March 7th, 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 annualized dividend and a yield of 0.17%. The ex-dividend date of this dividend is Tuesday, March 18th.

Vertiv has increased 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 Performance

Shares of Vertiv stock opened at $87.54 on Friday. The firm has a market cap of $33.33 billion, a P/E ratio of 68.39, a P/E/G ratio of 1.07 and a beta of 1.71. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. Vertiv has a 12 month low of $62.40 and a 12 month high of $155.84. The stock’s fifty day moving average price is $111.69 and its 200-day moving average price is $110.89.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the business earned $0.56 EPS. On average, equities research analysts expect that Vertiv will post 3.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a report on Tuesday, January 28th. Fox Advisors began coverage on Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating for the company. The Goldman Sachs Group boosted their price objective on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Evercore ISI cut their price objective 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, Oppenheimer boosted their price target on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Vertiv presently 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.