Melius Downgrades Vertiv (NYSE:VRT) to Hold

Vertiv (NYSE:VRT) was downgraded by investment analysts at Melius from a “buy” rating to a “hold” rating in a research note issued on Tuesday, MarketBeat reports. They presently have a $125.00 price objective on the stock. Melius’ price target would indicate a potential upside of 12.91% from the stock’s current price.

A number of other equities analysts also recently weighed in on VRT. Citigroup boosted their price target on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Jefferies Financial Group started coverage on Vertiv in a report on Monday, October 7th. They set a “buy” rating and a $125.00 target price on the stock. Fox Advisors started coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating for the company. Bank of America upped their price objective on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, UBS Group began coverage on shares of Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $139.36.

Vertiv Stock Performance

Shares of VRT stock opened at $110.70 on Tuesday. The company has a fifty day moving average price of $127.16 and a two-hundred day moving average price of $105.72. Vertiv has a one year low of $55.00 and a one year high of $155.84. The stock has a market cap of $41.55 billion, a P/E ratio of 73.80, a P/E/G ratio of 1.16 and a beta of 1.63. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

Insider Buying and Selling

In other news, Director Jakki L. Haussler sold 15,347 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the completion of the transaction, the director now owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. The trade was a 81.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the sale, the executive vice president now directly owns 19,551 shares in the company, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 171,527 shares of company stock worth $23,105,682. Company insiders own 5.01% of the company’s stock.

Institutional Investors Weigh In On Vertiv

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Silverleafe Capital Partners LLC bought a new stake in shares of Vertiv during the fourth quarter worth $4,219,000. Foundations Investment Advisors LLC boosted 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 valued at $21,076,000 after acquiring an additional 13,559 shares in the last quarter. Clearbridge Investments LLC grew its position in Vertiv by 15.4% during the 2nd quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock worth $221,013,000 after acquiring an additional 340,639 shares during the last quarter. Whittier Trust Co. increased its holdings in Vertiv by 7.2% in the 3rd quarter. Whittier Trust Co. now owns 127,210 shares of the company’s stock worth $12,656,000 after purchasing an additional 8,579 shares in the last quarter. Finally, Janney Capital Management LLC bought a new position in Vertiv in the third quarter valued at about $8,403,000. 89.92% of the stock is owned by institutional investors.

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.