Vertiv (NYSE:VRT) Trading Down 3.2% – Here’s Why

Vertiv Holdings Co (NYSE:VRT)’s stock price traded down 3.2% on Tuesday . The company traded as low as $84.69 and last traded at $88.12. 5,750,432 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 10,238,663 shares. The stock had previously closed at $91.02.

Wall Street Analyst Weigh In

VRT has been the topic of a number of research reports. TD Cowen raised their target price on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Morgan Stanley began coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. Citigroup upped their target price on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Barclays reduced their price target on Vertiv from $142.00 to $131.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Finally, Evercore ISI dropped their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

Vertiv Stock Performance

The firm’s fifty day simple moving average is $120.20 and its 200 day simple moving average is $110.18. The company has a market capitalization of $34.06 billion, a PE ratio of 70.74, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates 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, research analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Hedge Funds Weigh In On Vertiv

Large investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA purchased a new position in Vertiv in the fourth quarter valued at $597,379,000. Jennison Associates LLC increased its stake in shares of Vertiv by 10,825.0% in the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock valued at $457,695,000 after purchasing an additional 4,558,306 shares in the last quarter. Norges Bank acquired a new position in Vertiv in the 4th quarter worth about $391,777,000. Wellington Management Group LLP boosted its position in Vertiv by 271.0% during the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after purchasing an additional 2,860,181 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Vertiv by 136.9% in the fourth 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 period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.