Vertiv (NYSE:VRT) Stock Price Down 4.6% – Here’s Why

Vertiv Holdings Co (NYSE:VRT) dropped 4.6% on Thursday . The stock traded as low as $80.60 and last traded at $83.83. Approximately 3,532,003 shares were traded during trading, a decline of 67% from the average daily volume of 10,866,521 shares. The stock had previously closed at $87.89.

Analyst Upgrades and Downgrades

VRT has been the subject of a number of research analyst reports. Evercore ISI reduced their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. TD Cowen raised their price objective on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Melius cut 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. Morgan Stanley started coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target for the company. Finally, UBS Group began coverage on shares of Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price objective on the stock. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.14.

Vertiv Stock Down 6.9 %

The firm has a market cap of $31.15 billion, a P/E ratio of 63.87, a P/E/G ratio of 1.07 and a beta of 1.71. The business’s fifty day moving average price is $116.43 and its two-hundred day moving average price is $110.63. 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 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 net margin of 6.19% and a return on equity of 61.41%. During the same period last year, the firm posted $0.56 EPS. As a group, equities research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Institutional Investors Weigh In On Vertiv

Several hedge funds and other institutional investors have recently modified their holdings of VRT. Park Square Financial Group LLC bought a new stake in shares of Vertiv in the 4th quarter worth approximately $70,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Vertiv during the fourth quarter worth about $39,060,000. Virtue Capital Management LLC increased its holdings in shares of Vertiv by 4.6% during the fourth quarter. Virtue Capital Management LLC now owns 15,750 shares of the company’s stock worth $1,789,000 after buying an additional 689 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in Vertiv by 31.6% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 8,555 shares of the company’s stock valued at $972,000 after purchasing an additional 2,053 shares during the last quarter. Finally, Ameriflex Group Inc. bought a new stake in Vertiv during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

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.