Vertiv (NYSE:VRT) Stock Price Down 7% Following Analyst Downgrade

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s share price fell 7% during mid-day trading on Monday 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 $86.50 and last traded at $88.55. 5,335,264 shares were traded during mid-day trading, a decline of 50% from the average session volume of 10,681,203 shares. The stock had previously closed at $95.17.

Other research analysts have also issued research reports about the stock. Evercore ISI cut their price target 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. TD Cowen raised their target price on shares of Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. upped their price target on shares of Vertiv from $124.00 to $132.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 19th. Melius Research reiterated a "hold" rating and issued a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Finally, Mizuho boosted their price objective on Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $137.14.

Institutional Investors Weigh In On Vertiv

Institutional investors have recently made changes to their positions in the company. Silverleafe Capital Partners LLC bought a new stake in Vertiv during the fourth quarter valued at $4,219,000. Foundations Investment Advisors LLC boosted its holdings in shares of Vertiv by 7.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock valued at $21,076,000 after buying an additional 13,559 shares during the period. Empowered Funds LLC grew its position in shares of Vertiv by 67.0% during the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock valued at $1,043,000 after buying an additional 3,682 shares during the last quarter. Gordian Capital Singapore Pte Ltd raised its stake in Vertiv by 112.5% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company's stock worth $846,000 after acquiring an additional 4,500 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in Vertiv by 3,417.9% in the fourth quarter. Nordea Investment Management AB now owns 964,104 shares of the company's stock worth $110,544,000 after acquiring an additional 936,698 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Performance

The company has a market capitalization of $33.43 billion, a price-to-earnings ratio of 68.58, a P/E/G ratio of 1.07 and a beta of 1.71. The stock has a 50 day simple moving average of $116.43 and a 200 day simple moving average of $110.63. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company posted $0.56 earnings per share. As a group, analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

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.