Vertiv (NYSE:VRT) Trading Down 4.6% Following Analyst Downgrade

Vertiv Holdings Co (NYSE:VRT)’s share price was down 4.6% during trading on Thursday after Barclays lowered their price target on the stock from $111.00 to $100.00. Barclays currently has an equal weight rating on the stock. Vertiv traded as low as $76.02 and last traded at $77.83. Approximately 5,943,591 shares changed hands during trading, a decline of 43% from the average daily volume of 10,403,932 shares. The stock had previously closed at $81.62.

Other equities analysts also recently issued research reports about the company. Morgan Stanley started coverage on Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price on the stock. Royal Bank of Canada began coverage on Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price objective on the stock. Citigroup boosted their target price on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Evercore ISI lowered their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Finally, Melius cut shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research note on Tuesday, January 28th. 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.com, Vertiv presently has an average rating of “Moderate Buy” and a consensus target price of $135.33.

Institutional Trading of Vertiv

A number of hedge funds have recently added to or reduced their stakes in VRT. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv during the 4th quarter valued at $26,000. OLD Second National Bank of Aurora bought a new position in Vertiv in the fourth quarter valued at about $30,000. Tradewinds Capital Management LLC boosted its stake in shares of Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares in the last quarter. Mark Sheptoff Financial Planning LLC grew 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 worth $30,000 after purchasing an additional 200 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of Vertiv in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Trading Down 4.6 %

The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The firm’s 50-day moving average is $105.10 and its 200 day moving average is $111.48. The firm has a market capitalization of $29.64 billion, a price-to-earnings ratio of 60.81, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating 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 period last year, the firm posted $0.56 EPS. On average, equities analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be issued a $0.0375 dividend. 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 payout ratio is currently 11.72%.

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.