Vertiv (NYSE:VRT) Trading Down 5.6% on Analyst Downgrade

Vertiv Holdings Co (NYSE:VRT - Get Free Report) shares dropped 5.6% on Tuesday after Barclays lowered their price target on the stock from $131.00 to $111.00. Barclays currently has an equal weight rating on the stock. Vertiv traded as low as $79.00 and last traded at $80.66. Approximately 7,125,383 shares traded hands during trading, a decline of 34% from the average daily volume of 10,844,733 shares. The stock had previously closed at $85.41.

A number of other brokerages also recently weighed in on VRT. Citigroup upped their target price on Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a report on Monday, December 9th. Morgan Stanley initiated coverage on Vertiv in a research note on Monday, January 6th. They issued an "overweight" rating and a $150.00 price objective for the company. The Goldman Sachs Group lifted their target price on Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. increased their price target on shares of Vertiv from $124.00 to $132.00 and gave the company an "overweight" rating in a research report on Tuesday, November 19th. Finally, Mizuho lifted their price objective on shares of Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $137.14.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp boosted its position in shares of 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 boosted its holdings in Vertiv by 2.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company's stock worth $420,000 after acquiring an additional 85 shares in the last quarter. Accurate Wealth Management LLC increased its holdings in shares of Vertiv by 4.1% during the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company's stock valued at $254,000 after acquiring an additional 87 shares in the last quarter. Horizon Investment Services LLC raised its position in shares of Vertiv by 4.1% in the 4th quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock worth $274,000 after purchasing an additional 95 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC boosted its stake in Vertiv by 3.1% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company's stock worth $367,000 after purchasing an additional 97 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Vertiv Trading Up 1.6 %

The firm's 50 day moving average price is $117.05 and its 200-day moving average price is $110.79. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The stock has a market cap of $33.43 billion, a P/E ratio of 68.58, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS 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 quarter in the previous year, the firm earned $0.56 EPS. As a group, equities research analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

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.