Vertiv (NYSE:VRT) Shares Down 1% on Analyst Downgrade

Shares of Vertiv Holdings Co (NYSE:VRT - Get Free Report) traded down 1% on Friday after Barclays lowered their price target on the stock from $142.00 to $131.00. Barclays currently has an equal weight rating on the stock. Vertiv traded as low as $105.86 and last traded at $108.21. 2,279,076 shares changed hands during trading, a decline of 78% from the average session volume of 10,165,570 shares. The stock had previously closed at $109.28.

A number of other analysts have also issued reports on VRT. The Goldman Sachs Group increased their price target on shares of Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Melius Research reiterated a "hold" rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. 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 report on Tuesday, November 19th. Melius lowered 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. Finally, Morgan Stanley started coverage on Vertiv in a report on Monday, January 6th. They set an "overweight" rating and a $150.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $138.57.

Insider Transactions at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the sale, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. The trade was a 81.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the sale, the insider now directly owns 19,448 shares of the company's stock, valued at approximately $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vertiv

A number of hedge funds have recently made changes to their positions in VRT. Silverleafe Capital Partners LLC bought a new stake in Vertiv during the 4th quarter worth approximately $4,219,000. Foundations Investment Advisors LLC raised its position in shares of Vertiv by 7.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock valued at $21,076,000 after buying an additional 13,559 shares in the last quarter. Whittier Trust Co. lifted its holdings in shares of Vertiv by 7.2% during the 3rd quarter. Whittier Trust Co. now owns 127,210 shares of the company's stock worth $12,656,000 after acquiring an additional 8,579 shares during the last quarter. Janney Capital Management LLC bought a new position in Vertiv in the third quarter valued at $8,403,000. Finally, Gordian Capital Singapore Pte Ltd lifted its stake in Vertiv by 112.5% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company's stock worth $846,000 after purchasing an additional 4,500 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Down 1.0 %

The company has a market cap of $40.60 billion, a P/E ratio of 72.12, a P/E/G ratio of 0.94 and a beta of 1.64. The stock has a 50-day moving average of $122.86 and a two-hundred day moving average of $108.79. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. During the same quarter last year, the business posted $0.56 earnings per share. On average, research analysts anticipate that Vertiv Holdings Co will post 2.7 EPS for the current fiscal 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.