Vertiv (NYSE:VRT) Stock Price Down 8.4% on Analyst Downgrade

Shares of Vertiv Holdings Co (NYSE:VRT) fell 8.4% on Wednesday 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 $82.40 and last traded at $83.85. 6,821,217 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 8,506,335 shares. The stock had previously closed at $91.58.

VRT has been the subject of a number of other research reports. Morgan Stanley initiated coverage on Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price for the company. Citigroup boosted their price objective on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Melius Research restated a “hold” rating and set a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Royal Bank of Canada assumed coverage on shares of Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price target for the company. Finally, Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a report on Tuesday, January 28th. Four investment 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.33.

Institutional Trading of Vertiv

A number of large investors have recently made changes to their positions in VRT. SOA Wealth Advisors LLC. acquired a new position in Vertiv in the fourth quarter valued at about $26,000. OLD Second National Bank of Aurora acquired a new stake in shares of Vertiv during the fourth quarter worth about $30,000. Tradewinds Capital Management LLC lifted its holdings in shares of Vertiv by 61.3% during 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 in the last quarter. Mark Sheptoff Financial Planning LLC grew its position in shares of Vertiv by 200.0% in the 3rd 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, FNY Investment Advisers LLC bought a new stake in Vertiv during the 4th quarter worth approximately $34,000. Institutional investors own 89.92% of the company’s stock.

Vertiv Stock Down 10.8 %

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 firm’s fifty day simple moving average is $105.10 and its 200 day simple moving average is $111.48. The stock has a market capitalization of $31.12 billion, a price-to-earnings ratio of 63.85, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 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 period in the previous year, the company posted $0.56 EPS. On average, sell-side analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

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.