Vertiv (NYSE:VRT) Shares Down 8.4% on Analyst Downgrade

Shares of Vertiv Holdings Co (NYSE:VRT) were down 8.4% during trading on Wednesday 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 $82.40 and last traded at $83.85. Approximately 6,821,217 shares changed hands during trading, a decline of 20% from the average daily volume of 8,506,335 shares. The stock had previously closed at $91.58.

VRT has been the subject of several other reports. Morgan Stanley assumed coverage on Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 target price for the company. Evercore ISI reduced their price objective 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. Fox Advisors began coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating on the stock. Melius Research restated a “hold” rating and set a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Finally, Citigroup lifted their price objective on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $135.33.

Institutional Trading of Vertiv

Hedge funds and other institutional investors have recently modified their holdings of the stock. Silverleafe Capital Partners LLC acquired a new stake in Vertiv during the fourth quarter worth about $4,219,000. Foundations Investment Advisors LLC increased its holdings in shares of Vertiv by 7.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after buying an additional 13,559 shares during the last quarter. Empowered Funds LLC raised its position in shares of 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 during the period. Gordian Capital Singapore Pte Ltd raised its position in shares of Vertiv by 112.5% during the 3rd 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 period. Finally, Nordea Investment Management AB lifted its holdings in Vertiv by 3,417.9% in the fourth quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock valued at $110,544,000 after acquiring an additional 936,698 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Down 8.4 %

The firm has a 50-day moving average of $106.11 and a two-hundred day moving average of $111.68. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $31.93 billion, a PE ratio of 65.50, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping 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 quarter in the previous year, the firm posted $0.56 earnings per share. Equities research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.18%. Vertiv’s dividend payout ratio (DPR) is presently 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.