Vertiv (NYSE:VRT) Shares Down 6.2% - Time to Sell?

Vertiv Holdings Co (NYSE:VRT - Get Free Report) traded down 6.2% on Monday . The stock traded as low as $77.93 and last traded at $79.75. Approximately 3,753,014 shares traded hands during trading, a decline of 65% from the average session volume of 10,827,037 shares. The stock had previously closed at $85.04.

Analyst Ratings Changes

Several equities analysts have issued reports on VRT shares. JPMorgan Chase & Co. lifted their price objective on Vertiv from $124.00 to $132.00 and gave the company an "overweight" rating in a research report on Tuesday, November 19th. TD Cowen increased their price objective on shares of Vertiv from $115.00 to $141.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. The Goldman Sachs Group raised their price objective on shares of Vertiv from $126.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Mizuho upped their target price 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. Finally, UBS Group began coverage on shares of Vertiv in a report on Wednesday, November 13th. They issued a "buy" rating and a $155.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Vertiv has a consensus rating of "Moderate Buy" and a consensus target price of $136.07.

Vertiv Price Performance

The company has a market capitalization of $32.45 billion, a price-to-earnings ratio of 66.58, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a 50-day moving average price of $113.71 and a 200-day moving average price of $110.98. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

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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, topping analysts' consensus estimates 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 quarter in the previous year, the business earned $0.56 EPS. On average, equities research analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv's dividend payout ratio is currently 11.72%.

Hedge Funds Weigh In On Vertiv

Institutional investors and hedge funds have recently modified their holdings of the business. Fifth Third Bancorp increased its position in shares of Vertiv by 8.1% during the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company's stock worth $128,000 after acquiring an additional 84 shares in the last quarter. Prestige Wealth Management Group LLC increased its holdings in Vertiv by 2.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company's stock worth $420,000 after purchasing an additional 85 shares in the last quarter. Accurate Wealth Management LLC raised its stake in shares of Vertiv by 4.1% in the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company's stock valued at $254,000 after purchasing an additional 87 shares during the period. Horizon Investment Services LLC lifted its holdings in shares of Vertiv by 4.1% in the fourth quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock valued at $274,000 after purchasing an additional 95 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC boosted its position in shares of Vertiv by 3.1% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company's stock worth $367,000 after buying an additional 97 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.