Vertiv (NYSE:VRT) Stock Price Down 4.5% - Time to Sell?

Shares of Vertiv Holdings Co (NYSE:VRT - Get Free Report) fell 4.5% on Monday . The stock traded as low as $68.25 and last traded at $70.89. 4,399,288 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 8,731,393 shares. The stock had previously closed at $74.25.

Analyst Ratings Changes

Several research firms recently commented on VRT. Melius Research reaffirmed a "hold" rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Royal Bank of Canada assumed coverage on shares of Vertiv in a research note on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target for the company. Fox Advisors began coverage on shares of Vertiv in a research report on Monday, January 6th. They set an "equal weight" rating on the stock. Barclays dropped their target price on shares of Vertiv from $111.00 to $100.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Finally, Melius lowered shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price for the company. in a research note on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $135.33.

Vertiv Trading Up 4.3 %

The company has a market capitalization of $28.67 billion, a P/E ratio of 58.82, a P/E/G ratio of 1.07 and a beta of 1.71. The stock has a 50 day moving average of $100.11 and a 200-day moving average of $111.51. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

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Vertiv (NYSE:VRT - Get Free Report) last issued its 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 company posted $0.56 earnings per share. On average, research analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is presently 11.72%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Neville Rodie & Shaw Inc. raised its holdings in shares of Vertiv by 33.2% during the 1st quarter. Neville Rodie & Shaw Inc. now owns 55,355 shares of the company's stock worth $3,997,000 after acquiring an additional 13,800 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Vertiv by 30.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 768 shares of the company's stock valued at $55,000 after purchasing an additional 180 shares in the last quarter. NorthCrest Asset Manangement LLC grew its stake in shares of Vertiv by 5.2% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 5,102 shares of the company's stock worth $580,000 after buying an additional 250 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Vertiv in the 4th quarter worth about $12,982,000. Finally, Wealthedge Investment Advisors LLC purchased a new stake in shares of Vertiv during the 4th quarter valued at about $639,000. Institutional investors 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.