Vertiv (NYSE:VRT) Shares Gap Down - Should You Sell?

Vertiv Holdings Co (NYSE:VRT - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $75.27, but opened at $72.50. Vertiv shares last traded at $75.28, with a volume of 571,719 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Morgan Stanley initiated coverage on shares of Vertiv in a report on Monday, January 6th. They issued an "overweight" rating and a $150.00 price target on the stock. Citigroup lifted their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Royal Bank of Canada began coverage on Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 price objective for the company. Fox Advisors started coverage on Vertiv in a research note on Monday, January 6th. They set an "equal weight" rating on the stock. Finally, Barclays decreased their price target on Vertiv from $111.00 to $100.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Vertiv currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.33.

Vertiv Stock Down 12.5 %

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 50 day moving average price is $98.69 and its 200 day moving average price is $111.27. The firm has a market cap of $25.71 billion, a price-to-earnings ratio of 52.74, a PEG ratio of 1.07 and a beta of 1.71.

Remove Ads

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

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's payout ratio is presently 11.72%.

Institutional Trading of Vertiv

Several institutional investors have recently modified their holdings of VRT. SOA Wealth Advisors LLC. purchased a new position in Vertiv in the 4th quarter valued at about $26,000. OLD Second National Bank of Aurora acquired a new stake in shares of Vertiv in the fourth quarter worth approximately $30,000. Tradewinds Capital Management LLC increased its position in shares of Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after purchasing an additional 111 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Vertiv in the 4th quarter valued at $34,000. Finally, Pittenger & Anderson Inc. lifted its holdings in Vertiv by 92.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

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.