Vertiv (NYSE:VRT) Stock Price Down 4.1% - Time to Sell?

Vertiv Holdings Co (NYSE:VRT - Get Free Report) shares fell 4.1% during trading on Friday . The company traded as low as $73.66 and last traded at $73.21. 3,989,933 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 8,586,264 shares. The stock had previously closed at $76.32.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Melius cut Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective for the company. in a research note on Tuesday, January 28th. Fox Advisors began coverage on Vertiv in a research report on Monday, January 6th. They issued an "equal weight" rating for the company. Barclays cut their price objective on shares of Vertiv from $111.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Citigroup lifted their target price on shares of Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Finally, Morgan Stanley initiated coverage on shares of Vertiv in a report on Monday, January 6th. They set an "overweight" rating and a $150.00 price target on the stock. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $135.33.

Vertiv Stock Performance

The company has a market cap of $27.50 billion, a P/E ratio of 56.43, a P/E/G ratio of 1.07 and a beta of 1.71. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The business has a fifty day simple moving average of $102.74 and a two-hundred day simple moving average of $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, 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 in the previous year, the firm posted $0.56 EPS. On average, sell-side analysts anticipate 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. Shareholders of record on Tuesday, March 18th were given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's payout ratio is 11.72%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VRT. Vanguard Group Inc. lifted its holdings in Vertiv by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock valued at $4,130,415,000 after purchasing an additional 1,244,780 shares in the last quarter. Jennison Associates LLC raised its position in shares of Vertiv by 68.6% during the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock valued at $880,971,000 after buying an additional 3,153,932 shares during the last quarter. State Street Corp increased its holdings in shares of Vertiv by 4.2% in the third quarter. State Street Corp now owns 7,635,081 shares of the company's stock worth $759,614,000 after purchasing an additional 308,704 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Vertiv by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock valued at $688,260,000 after acquiring an additional 99,181 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in Vertiv in the fourth quarter worth about $597,379,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

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.