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

Vertiv Holdings Co (NYSE:VRT) dropped 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.

A number of other research firms also recently commented on VRT. Citigroup boosted their price objective on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Melius cut shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research report on Tuesday, January 28th. Melius Research restated a “hold” rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Evercore ISI dropped their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Finally, Morgan Stanley began coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 target price for the company. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $135.33.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. SOA Wealth Advisors LLC. acquired a new position in shares of Vertiv in the 4th quarter valued at about $26,000. Brooklyn Investment Group purchased a new position in Vertiv during the third quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC increased its stake in 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 buying an additional 200 shares during the period. OLD Second National Bank of Aurora purchased a new stake in Vertiv in the 4th quarter worth approximately $30,000. Finally, Tradewinds Capital Management LLC boosted its stake 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 buying an additional 111 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Performance

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 fifty day moving average price is $102.74 and its 200 day moving average price is $111.23. The firm has a market capitalization of $28.30 billion, a PE ratio of 58.06, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate 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 company posted $0.56 EPS. On average, research analysts anticipate 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 was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.20%. The ex-dividend date was Tuesday, March 18th. Vertiv’s dividend payout ratio is 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.