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

Vertiv Holdings Co (NYSE:VRT) traded 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. 6,821,217 shares were traded during trading, a decline of 20% from the average session volume of 8,506,335 shares. The stock had previously closed at $91.58.

Other research analysts also recently issued research reports about the stock. Morgan Stanley began coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price on the stock. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a research note on Tuesday, January 28th. Citigroup boosted their price objective on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Fox Advisors started coverage on Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating on the stock. Finally, Melius Research reiterated a “hold” rating and set a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.33.

Institutional Investors Weigh In On Vertiv

A number of institutional investors have recently added to or reduced their stakes in the stock. Cerity Partners LLC boosted its stake in Vertiv by 25.5% in the 3rd quarter. Cerity Partners LLC now owns 44,729 shares of the company’s stock valued at $4,450,000 after buying an additional 9,086 shares in the last quarter. Algert Global LLC acquired a new stake in shares of Vertiv in the 3rd quarter valued at $518,000. Larson Financial Group LLC grew its holdings in shares of Vertiv by 232.9% in the 3rd quarter. Larson Financial Group LLC now owns 839 shares of the company’s stock worth $83,000 after purchasing an additional 587 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in shares of Vertiv during the 3rd quarter worth about $405,000. Finally, Private Trust Co. NA increased its position in shares of Vertiv by 25.0% during the 3rd quarter. Private Trust Co. NA now owns 2,202 shares of the company’s stock worth $219,000 after purchasing an additional 440 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Down 10.8 %

The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $31.12 billion, a P/E ratio of 63.85, a P/E/G ratio of 1.07 and a beta of 1.71. The firm’s fifty day moving average is $105.10 and its 200-day moving average is $111.48.

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 in the previous year, the company earned $0.56 earnings per share. As a group, equities research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.18%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv’s payout ratio is presently 11.72%.

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.