Vertiv Holdings Co. (NYSE:VRT) Declares Not Available Dividend of $0.01

Vertiv Holdings Co. (NYSE:VRT) announced a Not Available dividend on Wednesday, October 28th, Zacks reports. Shareholders of record on Wednesday, December 2nd will be paid a dividend of 0.01 per share on Thursday, December 17th. The ex-dividend date of this dividend is Tuesday, December 1st.

Vertiv has a dividend payout ratio of 1.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Vertiv to earn $1.11 per share next year, which means the company should continue to be able to cover its $0.01 annual dividend with an expected future payout ratio of 0.9%.

Shares of NYSE VRT traded down $0.52 during trading on Friday, hitting $17.42. 22,574 shares of the company were exchanged, compared to its average volume of 2,595,845. The company has a market cap of $5.89 billion, a price-to-earnings ratio of -16.60, a PEG ratio of 0.65 and a beta of 1.00. Vertiv has a 1 year low of $4.75 and a 1 year high of $19.18. The firm’s fifty day moving average price is $17.71 and its 200 day moving average price is $14.42. The company has a debt-to-equity ratio of 6.87, a current ratio of 1.53 and a quick ratio of 1.20.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, August 5th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.12 by $0.12. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $939.68 million. On average, research analysts forecast that Vertiv will post 0.77 earnings per share for the current year.

Several brokerages have commented on VRT. Wolfe Research assumed coverage on shares of Vertiv in a research report on Tuesday, September 15th. They set an “outperform” rating and a $23.00 target price on the stock. Bank of America assumed coverage on shares of Vertiv in a research report on Thursday, August 20th. They issued a “buy” rating and a $20.00 price objective on the stock. Evercore ISI assumed coverage on shares of Vertiv in a research report on Tuesday, September 8th. They issued an “outperform” rating and a $21.00 price objective on the stock. Finally, Zacks Investment Research lowered shares of Vertiv from a “buy” rating to a “hold” rating in a research report on Friday, October 9th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $18.67.

In other news, Director Vpe Holdings, Llc sold 23,000,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $15.25, for a total transaction of $350,750,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

About Vertiv

Vertiv Holdings Co, together with its subsidiaries, provides mission-critical 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. It offers power management products, thermal management products, integrated rack systems, modular solutions, and management systems for monitoring and controlling digital infrastructure that are integral to the technologies used for various services, including e-commerce, online banking, file sharing, video on-demand, energy storage, wireless communications, Internet of Things, and online gaming.

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