Vertiv (NYSE:VRT) Shares Gap Down Following Analyst Downgrade

Vertiv Holdings Co (NYSE:VRT) gapped down prior to trading on Wednesday after Barclays lowered their price target on the stock from $111.00 to $100.00. The stock had previously closed at $91.58, but opened at $85.70. Barclays currently has an equal weight rating on the stock. Vertiv shares last traded at $82.90, with a volume of 4,181,985 shares changing hands.

Other research analysts also recently issued research reports about the stock. Fox Advisors started coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating for the company. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a report on Tuesday, January 28th. Melius Research reaffirmed a “hold” rating and set a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Royal Bank of Canada initiated coverage on shares of Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 target price on the stock. Finally, Evercore ISI dropped their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.33.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv during the 4th quarter worth approximately $26,000. Brooklyn Investment Group bought a new stake in Vertiv during the 3rd quarter valued at $30,000. Mark Sheptoff Financial Planning LLC raised its holdings in shares of Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares during the last quarter. OLD Second National Bank of Aurora bought a new stake in Vertiv during the 4th quarter worth approximately $30,000. Finally, Tradewinds Capital Management LLC lifted its holdings in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Vertiv Stock Performance

The company has a market cap of $31.59 billion, a PE ratio of 64.81, a PEG ratio of 1.07 and a beta of 1.71. The company has a 50-day moving average of $106.11 and a 200-day moving average of $111.68. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (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 period last year, the business posted $0.56 earnings per share. As a group, analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv’s payout ratio is currently 11.72%.

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.