Vertiv (NYSE:VRT) Shares Gap Down Following Analyst Downgrade

Vertiv Holdings Co (NYSE:VRT)’s share price gapped down before the market opened on Wednesday after Barclays lowered their price target on the stock from $111.00 to $100.00. The stock had previously closed at $91.58, but opened at $85.70. Barclays currently has an equal weight rating on the stock. Vertiv shares last traded at $82.90, with a volume of 4,181,985 shares.

VRT has been the topic of a number of other research reports. Fox Advisors began coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating on the stock. Evercore ISI cut their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Morgan Stanley started coverage on shares of Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price for the company. Citigroup increased their price target on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VRT. Massachusetts Financial Services Co. MA bought a new position in shares of Vertiv in the 4th quarter valued at $597,379,000. Norges Bank bought a new position in Vertiv during the 4th quarter worth approximately $391,777,000. Jennison Associates LLC lifted its position in shares of Vertiv by 68.6% in the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock worth $880,971,000 after purchasing an additional 3,153,932 shares during the period. Wellington Management Group LLP boosted its stake in shares of Vertiv by 271.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after purchasing an additional 2,860,181 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Vertiv by 136.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company’s stock valued at $379,101,000 after purchasing an additional 1,928,275 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Performance

The company has a market capitalization of $31.12 billion, a price-to-earnings ratio of 63.85, a PEG ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The company’s 50-day moving average price is $105.10 and its two-hundred day moving average price is $111.48.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping the consensus estimate 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 quarter in the prior year, the business posted $0.56 earnings per share. On average, equities research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv’s payout ratio is 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.