Vertiv (NYSE:VRT) Trading Down 1% on Analyst Downgrade

Vertiv Holdings Co (NYSE:VRT) dropped 1% during trading on Friday after The Goldman Sachs Group lowered their price target on the stock from $135.00 to $85.00. The Goldman Sachs Group currently has a buy rating on the stock. Vertiv traded as low as $65.68 and last traded at $67.04. Approximately 2,580,016 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 8,987,379 shares. The stock had previously closed at $67.73.

VRT has been the topic of a number of other research reports. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research report on Tuesday, January 28th. Evercore ISI reduced their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Fox Advisors began coverage on shares of Vertiv in a report on Monday, January 6th. They set an “equal weight” rating for the company. JPMorgan Chase & Co. reduced their price objective on shares of Vertiv from $132.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, Roth Capital upgraded shares of Vertiv to a “strong-buy” rating in a research note on Monday, April 7th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Vertiv presently has a consensus rating of “Moderate Buy” and an average price target of $125.50.

Institutional Investors Weigh In On Vertiv

A number of large investors have recently added to or reduced their stakes in the company. Silverleafe Capital Partners LLC acquired a new stake in shares of Vertiv during the fourth quarter valued at about $4,219,000. Foundations Investment Advisors LLC grew its stake in 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 purchasing an additional 13,559 shares in the last quarter. Empowered Funds LLC increased its holdings in Vertiv by 67.0% during the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock worth $1,043,000 after purchasing an additional 3,682 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Vertiv by 3,417.9% in the 4th quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock valued at $110,544,000 after purchasing an additional 936,698 shares in the last quarter. Finally, Register Financial Advisors LLC acquired a new stake in shares of Vertiv during the fourth quarter worth approximately $217,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Price Performance

The firm has a market cap of $26.42 billion, a price-to-earnings ratio of 54.21, a P/E/G ratio of 1.07 and a beta of 1.71. The business’s 50-day moving average price is $89.17 and its two-hundred day moving average price is $109.50. 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 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the previous year, the business earned $0.56 EPS. On average, research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.22%. 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.