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

Shares of Vertiv Holdings Co (NYSE:VRT - Get Free Report) fell 1% on Friday after The Goldman Sachs Group lowered their price target on the stock from $135.00 to $85.00. The Goldman Sachs Group currently has a buy rating on the stock. Vertiv traded as low as $65.68 and last traded at $67.04. 2,580,016 shares were traded during mid-day trading, a decline of 71% from the average session volume of 8,987,379 shares. The stock had previously closed at $67.73.

A number of other equities analysts also recently issued reports on VRT. Evercore ISI dropped their price target on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, January 17th. Roth Mkm assumed coverage on Vertiv in a research report on Tuesday, April 8th. They set a "buy" rating and a $75.00 target price on the stock. Barclays reduced their price objective on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research note on Friday, April 4th. Melius downgraded Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target for the company. in a research note on Tuesday, January 28th. Finally, 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. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $125.50.

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Institutional Trading of Vertiv

Hedge funds have recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. purchased a new stake in shares of Vertiv during the 4th quarter worth approximately $26,000. OLD Second National Bank of Aurora purchased a new position in shares of Vertiv during the fourth quarter worth about $30,000. Tradewinds Capital Management LLC increased its position in shares of Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after purchasing an additional 111 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Vertiv in the 4th quarter valued at about $34,000. Finally, Pittenger & Anderson Inc. boosted its stake in Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Stock Performance

The firm has a market cap of $26.42 billion, a price-to-earnings ratio of 54.21, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The stock has a fifty day moving average price of $89.17 and a 200-day moving average price of $109.50. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT - Get Free Report) last released 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 return on equity of 61.41% and a net margin of 6.19%. During the same period in the previous year, the company posted $0.56 EPS. On average, analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.22%. Vertiv's dividend payout ratio is presently 11.72%.

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.