Vertiv (NYSE:VRT) Shares Down 0.8% – Should You Sell?

Vertiv Holdings Co (NYSE:VRT)’s stock price dropped 0.8% during trading on Thursday . The company traded as low as $93.70 and last traded at $97.80. Approximately 5,170,356 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 10,675,347 shares. The stock had previously closed at $98.61.

Wall Street Analysts Forecast Growth

VRT has been the subject of several analyst reports. UBS Group started coverage on Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price for the company. 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. Mizuho raised their target price on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Evercore ISI dropped 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. Finally, The Goldman Sachs Group lifted their price target on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Vertiv has an average rating of “Moderate Buy” and an average target price of $138.57.

Vertiv Trading Up 2.9 %

The firm has a fifty day moving average of $118.34 and a 200-day moving average of $110.27. The stock has a market capitalization of $35.69 billion, a price-to-earnings ratio of 74.29, a P/E/G ratio of 1.07 and a beta of 1.64. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT) last posted its 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 return on equity of 61.41% and a net margin of 6.19%. During the same period last year, the company earned $0.56 earnings per share. As a group, equities analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. SOA Wealth Advisors LLC. acquired a new position in Vertiv in the 4th quarter worth $26,000. OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv during the fourth quarter worth about $30,000. Tradewinds Capital Management LLC lifted its stake in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares in the last quarter. Mark Sheptoff Financial Planning LLC lifted 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 in the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in Vertiv during the 4th quarter valued at approximately $34,000. 89.92% of the stock is owned by institutional investors and hedge funds.

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.