Vertiv (NYSE:VRT) Shares Gap Down Following Analyst Downgrade

Vertiv Holdings Co (NYSE:VRT)’s share price gapped down prior to trading on Wednesday after Barclays lowered their price target on the stock from $111.00 to $100.00. The stock had previously closed at $91.58, but opened at $85.70. Barclays currently has an equal weight rating on the stock. Vertiv shares last traded at $82.90, with a volume of 4,181,985 shares traded.

VRT has been the topic of a number of other research reports. Royal Bank of Canada began coverage on Vertiv in a research report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price objective on the stock. Evercore ISI reduced their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Citigroup boosted their target price on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report 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. Finally, Fox Advisors began coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating for the company. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $135.33.

Hedge Funds Weigh In On Vertiv

A number of institutional investors and hedge funds have recently made changes to their positions in VRT. SOA Wealth Advisors LLC. purchased a new stake in shares of Vertiv in the 4th quarter worth approximately $26,000. Mark Sheptoff Financial Planning LLC grew its stake in shares of Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Vertiv in the 3rd quarter worth about $30,000. OLD Second National Bank of Aurora bought a new position in Vertiv in the 4th quarter worth about $30,000. Finally, Tradewinds Capital Management LLC grew its position in 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 during the last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv Stock Performance

The business’s 50 day simple moving average is $106.11 and its two-hundred day simple moving average is $111.68. The firm has a market capitalization of $31.59 billion, a P/E ratio of 64.81, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating 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 quarter in the previous year, the business posted $0.56 EPS. Sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

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