Vertiv (NYSE:VRT) Trading Down 3.4% Following Analyst Downgrade

Vertiv Holdings Co (NYSE:VRT) was down 3.4% on Thursday 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 $66.95 and last traded at $70.36. Approximately 3,772,126 shares changed hands during trading, a decline of 58% from the average daily volume of 8,981,050 shares. The stock had previously closed at $72.82.

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. cut their target price on Vertiv from $132.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday. Roth Capital upgraded Vertiv to a “strong-buy” rating in a report on Monday, April 7th. Roth Mkm began coverage on Vertiv in a report on Tuesday. They set a “buy” rating and a $75.00 target price for the company. Barclays dropped their target price on Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday, April 4th. Finally, Evercore ISI lowered their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.50.

Institutional Trading of Vertiv

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. EP Wealth Advisors LLC raised its position in shares of Vertiv by 43.4% during the 3rd quarter. EP Wealth Advisors LLC now owns 4,278 shares of the company’s stock worth $426,000 after acquiring an additional 1,294 shares in the last quarter. National Bank of Canada FI increased its stake in Vertiv by 12.3% in the third quarter. National Bank of Canada FI now owns 6,164 shares of the company’s stock valued at $613,000 after purchasing an additional 677 shares during the last quarter. Orion Portfolio Solutions LLC raised its holdings in Vertiv by 65.6% during the third quarter. Orion Portfolio Solutions LLC now owns 18,665 shares of the company’s stock worth $1,857,000 after purchasing an additional 7,391 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Vertiv by 14.8% during the 3rd quarter. MML Investors Services LLC now owns 30,716 shares of the company’s stock worth $3,056,000 after buying an additional 3,956 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Vertiv by 51.4% in the 3rd quarter. Barclays PLC now owns 431,586 shares of the company’s stock valued at $42,940,000 after buying an additional 146,463 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Price Performance

The stock’s 50-day moving average is $89.17 and its 200 day moving average is $109.50. 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 stock has a market capitalization of $26.42 billion, a PE ratio of 54.21, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last issued its quarterly earnings data 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 return on equity of 61.41% and a net margin of 6.19%. During the same quarter last year, the business earned $0.56 EPS. As a group, equities analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.22%. Vertiv’s payout ratio is 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.