Barclays Has Lowered Expectations for Vertiv (NYSE:VRT) Stock Price

Vertiv (NYSE:VRT - Free Report) had its price objective lowered by Barclays from $142.00 to $131.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Bank of America raised their target price on shares of Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. UBS Group assumed coverage on Vertiv in a research report on Wednesday, November 13th. They set a "buy" rating and a $155.00 price objective on the stock. Fox Advisors assumed coverage on Vertiv in a research report on Monday, January 6th. They issued an "equal weight" rating for the company. JPMorgan Chase & Co. upped their price target on Vertiv from $124.00 to $132.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 19th. Finally, TD Cowen raised their price objective on Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, Vertiv currently has a consensus rating of "Moderate Buy" and a consensus target price of $138.57.

Vertiv Trading Down 1.0 %

Shares of NYSE:VRT traded down $1.10 during midday trading on Thursday, hitting $108.18. 7,151,695 shares of the stock traded hands, compared to its average volume of 10,545,410. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $40.60 billion, a PE ratio of 72.12, a P/E/G ratio of 0.94 and a beta of 1.64. Vertiv has a one year low of $55.00 and a one year high of $155.84. The business's 50 day moving average is $122.86 and its two-hundred day moving average is $108.79.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data 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 return on equity of 55.33% and a net margin of 7.72%. During the same period last year, the company posted $0.56 EPS. As a group, research analysts forecast that Vertiv will post 2.7 earnings per share for the current year.

Insider Buying and Selling at Vertiv

In related news, EVP Stephen Liang sold 86,619 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the transaction, the executive vice president now owns 19,551 shares of the company's stock, valued at $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of the firm's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total value of $2,108,370.86. Following the transaction, the director now owns 3,425 shares in the company, valued at approximately $470,526.50. This represents a 81.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock valued at $23,105,682 in the last quarter. 5.01% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. SOA Wealth Advisors LLC. purchased a new stake in shares of Vertiv during the fourth quarter valued at about $26,000. Krane Funds Advisors LLC purchased a new stake in Vertiv during the third quarter valued at approximately $29,000. Global Trust Asset Management LLC acquired a new stake in Vertiv in the third quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC grew its holdings in Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Vertiv during the 3rd quarter valued at $30,000. 89.92% of the stock is owned by institutional investors.

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.