Vertiv (NYSE:VRT) Shares Down 5.6% Following Analyst Downgrade

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s stock price was down 5.6% during mid-day trading on Tuesday after Barclays lowered their price target on the stock from $131.00 to $111.00. Barclays currently has an equal weight rating on the stock. Vertiv traded as low as $79.00 and last traded at $80.66. Approximately 7,125,383 shares traded hands during trading, a decline of 34% from the average daily volume of 10,844,733 shares. The stock had previously closed at $85.41.

A number of other research firms also recently weighed in on VRT. The Goldman Sachs Group lifted their target price on Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Melius downgraded Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a research report on Tuesday, January 28th. Citigroup lifted their price objective on Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a report on Monday, December 9th. UBS Group began coverage on Vertiv in a report on Wednesday, November 13th. They set a "buy" rating and a $155.00 price objective on the stock. Finally, Fox Advisors began coverage on Vertiv in a report on Monday, January 6th. They set an "equal weight" rating on the stock. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $137.14.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. New York State Teachers Retirement System grew its holdings in Vertiv by 19.9% during the 3rd quarter. New York State Teachers Retirement System now owns 31,278 shares of the company's stock worth $3,112,000 after acquiring an additional 5,187 shares during the period. Farther Finance Advisors LLC grew its holdings in Vertiv by 23.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,825 shares of the company's stock worth $480,000 after acquiring an additional 916 shares during the period. Chicago Partners Investment Group LLC acquired a new stake in Vertiv during the 3rd quarter worth $394,000. Robeco Institutional Asset Management B.V. grew its holdings in Vertiv by 22.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 565,454 shares of the company's stock worth $56,257,000 after acquiring an additional 105,360 shares during the period. Finally, National Pension Service grew its holdings in Vertiv by 29.6% during the 3rd quarter. National Pension Service now owns 583,781 shares of the company's stock worth $58,080,000 after acquiring an additional 133,481 shares during the period. Institutional investors own 89.92% of the company's stock.

Vertiv Stock Up 1.6 %

The company has a market cap of $33.43 billion, a price-to-earnings ratio of 68.58, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The firm's fifty day moving average price is $117.05 and its 200-day moving average price is $110.79.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating 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. Sell-side analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

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.