Vertiv (NYSE:VRT) Stock Price Down 8.4% on Analyst Downgrade

Vertiv Holdings Co (NYSE:VRT) dropped 8.4% 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. Approximately 6,821,217 shares traded hands during trading, a decline of 20% from the average daily volume of 8,506,335 shares. The stock had previously closed at $91.58.

VRT has been the subject of a number of other reports. Fox Advisors initiated coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating for the company. Citigroup lifted their price objective on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Morgan Stanley initiated coverage on Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price for the company. Evercore ISI decreased their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Finally, Royal Bank of Canada assumed coverage on shares of Vertiv in a report on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price on the stock. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.33.

Hedge Funds Weigh In On Vertiv

Several hedge funds and other institutional investors have recently modified their holdings of VRT. SOA Wealth Advisors LLC. bought a new stake in Vertiv during the 4th quarter valued at approximately $26,000. Mark Sheptoff Financial Planning LLC boosted its position in shares of Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Vertiv in the third quarter worth $30,000. OLD Second National Bank of Aurora bought a new position in Vertiv in the fourth quarter worth $30,000. Finally, Tradewinds Capital Management LLC boosted its holdings in shares of Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after buying an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Trading Down 6.3 %

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’s fifty day moving average price is $103.98 and its 200 day moving average price is $111.23. The stock has a market cap of $29.11 billion, a P/E ratio of 59.72, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last posted 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 last year, the company earned $0.56 EPS. Equities research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is presently 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.