Barclays Has Lowered Expectations for Vertiv (NYSE:VRT) Stock Price

Vertiv (NYSE:VRT) had its price objective cut by equities research analysts at Barclays from $111.00 to $100.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 30.82% from the company’s previous close.

VRT has been the topic of several other research reports. Morgan Stanley started coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective 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 report on Monday, December 9th. Melius cut shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Tuesday, January 28th. Royal Bank of Canada assumed coverage on Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price objective for the company. Finally, Melius Research reiterated a “hold” rating and issued a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $135.33.

Vertiv Stock Down 6.3 %

VRT opened at $76.44 on Wednesday. The stock has a market cap of $29.11 billion, a price-to-earnings ratio of 59.72, 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 firm’s fifty day moving average is $103.98 and its 200 day moving average is $111.23. Vertiv has a fifty-two week low of $62.40 and a fifty-two week high of $155.84.

Vertiv (NYSE:VRT) last announced 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 return on equity of 61.41% and a net margin of 6.19%. During the same period in the prior year, the business earned $0.56 EPS. On average, sell-side analysts forecast that Vertiv will post 3.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vertiv

A number of large investors have recently made changes to their positions in VRT. Cerity Partners LLC boosted its position in shares of Vertiv by 25.5% during the third 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 during the period. Algert Global LLC bought a new stake in shares of Vertiv during the 3rd quarter worth approximately $518,000. Larson Financial Group LLC boosted its holdings in Vertiv by 232.9% during the 3rd quarter. Larson Financial Group LLC now owns 839 shares of the company’s stock valued at $83,000 after acquiring an additional 587 shares during the period. Centaurus Financial Inc. bought a new position in Vertiv in the 3rd quarter valued at $405,000. Finally, Private Trust Co. NA grew its position in Vertiv by 25.0% in the 3rd quarter. Private Trust Co. NA now owns 2,202 shares of the company’s stock valued at $219,000 after acquiring an additional 440 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other 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.