Vertiv (NYSE:VRT) Hits New 52-Week Low After Analyst Downgrade

Shares of Vertiv Holdings Co (NYSE:VRT - Get Free Report) reached a new 52-week low during trading on Friday after JPMorgan Chase & Co. lowered their price target on the stock from $132.00 to $100.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Vertiv traded as low as $58.70 and last traded at $58.80, with a volume of 2697585 shares changing hands. The stock had previously closed at $67.47.

VRT has been the subject of several other reports. Morgan Stanley started coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an "overweight" rating and a $150.00 price objective for the company. Royal Bank of Canada assumed coverage on shares of Vertiv in a research note on Friday, March 7th. They set an "outperform" rating and a $121.00 price objective for the company. Evercore ISI cut their target price on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Fox Advisors started coverage on Vertiv in a research report on Monday, January 6th. They set an "equal weight" rating for the company. Finally, Melius Research reissued a "hold" rating and issued a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $128.94.

Hedge Funds Weigh In On Vertiv

Several large investors have recently made changes to their positions in the company. Rothschild Investment LLC increased its holdings in Vertiv by 23.2% in the first quarter. Rothschild Investment LLC now owns 1,736 shares of the company's stock valued at $125,000 after buying an additional 327 shares in the last quarter. GAMMA Investing LLC raised its holdings in Vertiv by 6,323.9% in the 1st quarter. GAMMA Investing LLC now owns 183,532 shares of the company's stock worth $13,251,000 after purchasing an additional 180,675 shares during the period. AdvisorNet Financial Inc raised its holdings in Vertiv by 522.3% in the 1st quarter. AdvisorNet Financial Inc now owns 921 shares of the company's stock worth $66,000 after purchasing an additional 773 shares during the period. First Hawaiian Bank boosted its position in Vertiv by 17.3% during the first quarter. First Hawaiian Bank now owns 4,045 shares of the company's stock worth $292,000 after purchasing an additional 598 shares in the last quarter. Finally, Lederer & Associates Investment Counsel CA purchased a new stake in shares of Vertiv in the first quarter valued at approximately $678,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Trading Up 0.3 %

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 firm has a market capitalization of $24.38 billion, a price-to-earnings ratio of 49.46, a P/E/G ratio of 1.07 and a beta of 1.71. The company has a 50 day moving average price of $94.45 and a two-hundred day moving average price of $110.90.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 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 firm posted $0.56 earnings per share. On average, research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.23%. Vertiv's dividend payout ratio (DPR) 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.