Barclays Issues Pessimistic Forecast for Vertiv (NYSE:VRT) Stock Price

Vertiv (NYSE:VRT) had its price objective reduced by Barclays from $111.00 to $100.00 in a report issued on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

VRT has been the subject of several other reports. Morgan Stanley assumed coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective for the company. Fox Advisors started coverage on Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating on the stock. Melius cut 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. Melius Research reiterated a “hold” rating and issued a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Finally, Evercore ISI reduced their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Vertiv has an average rating of “Moderate Buy” and an average price target of $135.33.

Vertiv Stock Down 10.8 %

Vertiv stock opened at $81.73 on Wednesday. The business has a fifty day moving average price of $105.10 and a 200-day moving average price of $111.48. Vertiv has a 1-year low of $62.40 and a 1-year high of $155.84. The stock has a market capitalization of $31.12 billion, a price-to-earnings ratio of 63.85, a PEG ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the prior year, the company earned $0.56 EPS. Equities research analysts forecast that Vertiv will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently disclosed 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. This represents a $0.15 annualized dividend and a yield of 0.18%. The ex-dividend date is Tuesday, March 18th. Vertiv’s payout ratio is currently 11.72%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in VRT. Silverleafe Capital Partners LLC purchased a new position in Vertiv in the 4th quarter valued at about $4,219,000. Foundations Investment Advisors LLC lifted its position in shares of Vertiv by 7.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock valued at $21,076,000 after acquiring an additional 13,559 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Vertiv by 67.0% in the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock worth $1,043,000 after acquiring an additional 3,682 shares during the last quarter. Gordian Capital Singapore Pte Ltd boosted its stake in shares of Vertiv by 112.5% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock worth $846,000 after acquiring an additional 4,500 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Vertiv by 3,417.9% during the fourth quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock worth $110,544,000 after purchasing an additional 936,698 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

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.