Vertiv (NYSE:VRT) Sets New 12-Month Low Following Analyst Downgrade

Vertiv Holdings Co (NYSE:VRT) hit a new 52-week low during trading on Friday after Barclays lowered their price target on the stock from $100.00 to $90.00. Barclays currently has an equal weight rating on the stock. Vertiv traded as low as $58.70 and last traded at $58.80, with a volume of 2697585 shares. The stock had previously closed at $67.47.

VRT has been the topic of a number of other reports. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research note on Tuesday, January 28th. Melius Research reiterated a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Royal Bank of Canada initiated coverage on Vertiv in a report on Friday, March 7th. They set an “outperform” rating and a $121.00 price target on the stock. Morgan Stanley initiated coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. Finally, Evercore ISI dropped their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $134.67.

Institutional Inflows and Outflows

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

Vertiv Trading Down 11.9 %

The stock has a market cap of $22.63 billion, a P/E ratio of 46.43, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The stock’s 50-day moving average is $95.23 and its two-hundred day moving average is $110.78. 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 released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business earned $0.56 EPS. Equities research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

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 dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.25%. Vertiv’s dividend payout ratio (DPR) is presently 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.