Vertiv (NYSE:VRT) Stock Price Down 8.4% Following Analyst Downgrade

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s stock price dropped 8.4% during trading on Wednesday after Barclays lowered their price target on the stock from $111.00 to $100.00. Barclays currently has an equal weight rating on the stock. Vertiv traded as low as $82.40 and last traded at $83.85. Approximately 6,821,217 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 8,506,335 shares. The stock had previously closed at $91.58.

Several other analysts have also commented on the company. Fox Advisors initiated coverage on Vertiv in a report on Monday, January 6th. They issued an "equal weight" rating for the company. Citigroup boosted their price target on Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective on the stock. in a research note on Tuesday, January 28th. Morgan Stanley began coverage on shares of Vertiv in a research report on Monday, January 6th. They set an "overweight" rating and a $150.00 target price for the company. Finally, Melius Research reiterated a "hold" rating and issued a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $135.33.

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Hedge Funds Weigh In On Vertiv

Hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp lifted its holdings in Vertiv by 8.1% in the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company's stock worth $128,000 after purchasing an additional 84 shares in the last quarter. Prestige Wealth Management Group LLC raised its position in shares of Vertiv by 2.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company's stock valued at $420,000 after buying an additional 85 shares during the last quarter. Accurate Wealth Management LLC lifted its holdings in shares of Vertiv by 4.1% in the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company's stock worth $254,000 after buying an additional 87 shares in the last quarter. Horizon Investment Services LLC boosted its position in shares of Vertiv by 4.1% during the fourth quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock worth $274,000 after acquiring an additional 95 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC grew its stake in Vertiv by 3.1% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company's stock valued at $367,000 after acquiring an additional 97 shares in the last quarter. Institutional investors own 89.92% of the company's stock.

Vertiv Stock Performance

The company has a market capitalization of $28.30 billion, a P/E ratio of 58.06, a P/E/G ratio of 1.07 and a beta of 1.71. 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 business's fifty day simple moving average is $102.74 and its 200-day simple moving average is $111.69.

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, 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 business earned $0.56 earnings per share. As a group, equities analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. Vertiv's dividend payout ratio (DPR) 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.