Vertiv (NYSE:VRT) Stock Price Down 6.2% – Here’s Why

Shares of Vertiv Holdings Co (NYSE:VRT) traded down 6.2% during mid-day trading on Monday . The stock traded as low as $77.93 and last traded at $79.75. 3,753,014 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 10,827,037 shares. The stock had previously closed at $85.04.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Fox Advisors began coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating for the company. Oppenheimer increased their price objective on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research report on Tuesday, January 28th. Melius Research reaffirmed a “hold” rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Finally, UBS Group initiated coverage on Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.07.

Vertiv Trading Down 8.4 %

The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The company’s fifty day simple moving average is $115.09 and its 200-day simple moving average is $110.94. The company has a market capitalization of $29.66 billion, a P/E ratio of 60.85, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the company posted $0.56 EPS. Research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be given a dividend of $0.0375 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.19%. Vertiv’s dividend payout ratio is presently 11.72%.

Institutional Investors Weigh In On Vertiv

Several hedge funds have recently bought and sold shares of VRT. SOA Wealth Advisors LLC. acquired a new position in shares of Vertiv during the 4th quarter worth about $26,000. Mark Sheptoff Financial Planning LLC raised its holdings in shares of Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Vertiv in the third quarter valued at approximately $30,000. OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv during the fourth quarter worth approximately $30,000. Finally, Tradewinds Capital Management LLC raised its stake in Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Company Profile

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.