Vertiv (NYSE:VRT) Reaches New 12-Month Low After Analyst Downgrade

Vertiv Holdings Co (NYSE:VRT) shares reached a new 52-week low during mid-day trading on Friday after Barclays lowered their price target on the stock from $100.00 to $90.00. Barclays currently has an equal weight rating on the stock. Vertiv traded as low as $58.70 and last traded at $58.80, with a volume of 2697585 shares trading hands. The stock had previously closed at $67.47.

VRT has been the topic of a number of other research reports. Fox Advisors initiated coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. Citigroup lifted their price target on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Morgan Stanley began coverage on shares of Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective for the company. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a report on Tuesday, January 28th. Finally, Royal Bank of Canada assumed coverage on shares of Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and an average target price of $134.67.

Institutional Trading of Vertiv

A number of institutional investors have recently bought and sold shares of VRT. First Hawaiian Bank raised its holdings in shares of Vertiv by 17.3% during the first quarter. First Hawaiian Bank now owns 4,045 shares of the company’s stock valued at $292,000 after purchasing an additional 598 shares during the period. Lederer & Associates Investment Counsel CA acquired a new stake in Vertiv in the first quarter valued at approximately $678,000. Kera Capital Partners Inc. increased its holdings in shares of Vertiv by 3.9% during the first quarter. Kera Capital Partners Inc. now owns 69,637 shares of the company’s stock valued at $5,028,000 after acquiring an additional 2,631 shares in the last quarter. Neville Rodie & Shaw Inc. increased its stake in Vertiv by 33.2% during the 1st quarter. Neville Rodie & Shaw Inc. now owns 55,355 shares of the company’s stock valued at $3,997,000 after purchasing an additional 13,800 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Vertiv by 30.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 768 shares of the company’s stock worth $55,000 after acquiring an additional 180 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv Stock Down 11.9 %

The company has a market cap of $22.63 billion, a price-to-earnings ratio of 46.43, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The stock’s fifty day moving average is $95.23 and its two-hundred day moving average is $110.78.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating 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 period last year, the business posted $0.56 earnings per share. Sell-side analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s dividend payout ratio is currently 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.