Vertiv Holdings Co (VRT) to Issue Quarterly Dividend of $0.04 on December 19th

Vertiv Holdings Co (NYSE:VRT) announced a quarterly dividend on Monday, November 18th,RTT News reports. Shareholders of record on Tuesday, December 3rd will be paid a dividend of 0.0375 per share on Thursday, December 19th. This represents a $0.15 annualized dividend and a yield of 0.11%. The ex-dividend date is Tuesday, December 3rd. This is a boost from Vertiv’s previous quarterly dividend of $0.03.

Vertiv has raised its dividend payment by an average of 35.7% per year over the last three years. Vertiv has a dividend payout ratio of 4.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Vertiv to earn $3.50 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 4.3%.

Vertiv Stock Up 14.6 %

Shares of NYSE VRT opened at $140.94 on Wednesday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The company has a market cap of $52.90 billion, a P/E ratio of 93.96, a PEG ratio of 1.31 and a beta of 1.58. Vertiv has a 1 year low of $41.01 and a 1 year high of $141.12. The firm has a 50-day simple moving average of $107.65 and a two-hundred day simple moving average of $94.27.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.07. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 earnings per share. Research analysts anticipate that Vertiv will post 2.69 earnings per share for the current year.

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the sale, the insider now directly owns 10,542 shares of the company’s stock, valued at $843,254.58. The trade was a 80.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.01% of the company’s stock.

Analysts Set New Price Targets

VRT has been the topic of a number of research reports. Oppenheimer raised their target price on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research report on Tuesday. Evercore ISI boosted their price objective on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Jefferies Financial Group started coverage on shares of Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, UBS Group started coverage on shares of Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective for the company. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $138.50.

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.