Vertiv (NYSE:VRT) Shares Down 5.6% Following Analyst Downgrade

Shares of Vertiv Holdings Co (NYSE:VRT) traded down 5.6% during trading on Tuesday after Barclays lowered their price target on the stock from $131.00 to $111.00. Barclays currently has an equal weight rating on the stock. Vertiv traded as low as $79.00 and last traded at $80.66. 7,125,383 shares were traded during mid-day trading, a decline of 34% from the average session volume of 10,844,733 shares. The stock had previously closed at $85.41.

A number of other equities research analysts have also commented on VRT. The Goldman Sachs Group upped their price objective on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. boosted their target price on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Oppenheimer increased their price target on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Melius Research reissued a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. Finally, Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $137.14.

Hedge Funds Weigh In On Vertiv

Institutional investors have recently modified their holdings of the company. Fifth Third Bancorp raised its holdings in Vertiv by 8.1% during the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock worth $128,000 after buying an additional 84 shares during the last quarter. Prestige Wealth Management Group LLC increased its position in shares of Vertiv by 2.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company’s stock worth $420,000 after acquiring an additional 85 shares in the last quarter. Accurate Wealth Management LLC increased its position in shares of Vertiv by 4.1% during the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock worth $254,000 after acquiring an additional 87 shares in the last quarter. Horizon Investment Services LLC lifted its position in Vertiv by 4.1% in the 4th quarter. Horizon Investment Services LLC now owns 2,410 shares of the company’s stock valued at $274,000 after acquiring an additional 95 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC lifted its position in Vertiv by 3.1% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company’s stock valued at $367,000 after acquiring an additional 97 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Price Performance

The firm has a market cap of $32.41 billion, a price-to-earnings ratio of 67.47, a P/E/G ratio of 1.07 and a beta of 1.64. The business has a 50 day simple moving average of $117.05 and a 200-day simple moving average of $110.79. 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 announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping 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 prior year, the company earned $0.56 earnings per share. Equities research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

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.