Vertiv (NYSE:VRT) Downgraded to Hold Rating by Melius

Vertiv (NYSE:VRT) was downgraded by equities researchers at Melius from a “buy” rating to a “hold” rating in a report released on Tuesday,Briefing.com Automated Import reports. They presently have a $125.00 price target on the stock. Melius’ target price would suggest a potential upside of 21.69% from the stock’s current price.

A number of other brokerages also recently commented on VRT. Mizuho upped their price objective on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Fox Advisors started coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating for the company. Oppenheimer boosted their target price on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Bank of America raised their price target on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, UBS Group initiated coverage on Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price objective on the stock. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $140.46.

Vertiv Trading Down 29.8 %

NYSE:VRT opened at $102.72 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The stock’s 50 day simple moving average is $127.86 and its 200-day simple moving average is $105.60. Vertiv has a 12-month low of $53.30 and a 12-month high of $155.84. The firm has a market cap of $38.55 billion, a P/E ratio of 68.48, a PEG ratio of 1.16 and a beta of 1.63.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the transaction, the insider now owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jan Van Dokkum sold 38,647 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the completion of the sale, the director now owns 25,000 shares in the company, valued at $3,409,750. This represents a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vertiv

Several hedge funds have recently modified their holdings of the company. Anchor Investment Management LLC purchased a new position in shares of Vertiv during the second quarter valued at approximately $26,000. Krane Funds Advisors LLC acquired a new position in Vertiv in the 3rd quarter valued at $29,000. Global Trust Asset Management LLC acquired a new stake in shares of Vertiv during the third quarter worth $30,000. Mark Sheptoff Financial Planning LLC grew its position in shares of Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the period. Finally, Brooklyn Investment Group acquired a new position in Vertiv in the third quarter valued at $30,000. 89.92% of the stock is owned by institutional investors and hedge funds.

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.