Vertiv (NYSE:VRT) Shares Down 4.5% - Here's Why

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s share price traded down 4.5% on Monday . The company traded as low as $68.25 and last traded at $70.89. 4,399,288 shares were traded during trading, a decline of 50% from the average session volume of 8,731,393 shares. The stock had previously closed at $74.25.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Barclays cut their price target on Vertiv from $111.00 to $100.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Citigroup boosted 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. Evercore ISI decreased their price target on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. Morgan Stanley started coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an "overweight" rating and a $150.00 price objective on the stock. Finally, Royal Bank of Canada assumed coverage on shares of Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 target price for the company. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $135.33.

Vertiv Trading Down 12.5 %

The company has a 50 day simple moving average of $98.69 and a two-hundred day simple moving average of $111.27. 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 firm has a market cap of $25.71 billion, a PE ratio of 52.74, a P/E/G ratio of 1.07 and a beta of 1.71.

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Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results 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 prior year, the firm posted $0.56 EPS. Analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal 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 dividend of $0.0375 per share. 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 dividend payout ratio is currently 11.72%.

Hedge Funds Weigh In On Vertiv

Several institutional investors and hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp lifted its holdings in Vertiv by 8.1% in the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company's stock valued at $128,000 after acquiring an additional 84 shares during the period. Prestige Wealth Management Group LLC lifted its stake in shares of Vertiv by 2.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company's stock valued at $420,000 after purchasing an additional 85 shares during the period. Accurate Wealth Management LLC boosted its holdings in Vertiv by 4.1% during 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 grew its position in Vertiv by 4.1% during the fourth quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock valued at $274,000 after buying an additional 95 shares during the period. Finally, Focus Partners Advisor Solutions LLC grew its position 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 buying an additional 97 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

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.