Vertiv (NYSE:VRT) Shares Down 3.5% After Analyst Downgrade

Vertiv Holdings Co (NYSE:VRT - Get Free Report) traded down 3.5% during mid-day trading on Thursday 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 $107.12 and last traded at $107.35. 5,397,616 shares were traded during mid-day trading, a decline of 47% from the average session volume of 10,108,741 shares. The stock had previously closed at $111.24.

VRT has been the topic of several other reports. Bank of America lifted their price target on shares of Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Oppenheimer boosted their price objective on shares of Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. UBS Group initiated coverage on shares of Vertiv in a report on Wednesday, November 13th. They set a "buy" rating and a $155.00 price objective on the stock. Melius lowered shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective on the stock. in a report on Tuesday, January 28th. Finally, TD Cowen boosted their price objective on shares of Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Vertiv presently has a consensus rating of "Moderate Buy" and an average price target of $138.57.

Insider Activity at Vertiv

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Fifth Third Bancorp raised its position in shares of Vertiv by 8.1% in 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 during the period. Prestige Wealth Management Group LLC raised its position in shares of 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 during the period. Accurate Wealth Management LLC raised its position in shares of Vertiv by 4.1% in the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company's stock worth $254,000 after acquiring an additional 87 shares during the period. Horizon Investment Services LLC raised its position 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 worth $274,000 after acquiring an additional 95 shares during the period. Finally, Allworth Financial LP raised its position in shares of Vertiv by 18.6% in the third quarter. Allworth Financial LP now owns 638 shares of the company's stock worth $63,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Stock Performance

The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The firm's 50-day moving average is $122.50 and its two-hundred day moving average is $109.03. The stock has a market cap of $40.60 billion, a price-to-earnings ratio of 72.12, a P/E/G ratio of 0.94 and a beta of 1.64.

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 the consensus estimate of $0.84 by $0.15. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. During the same quarter in the prior year, the firm posted $0.56 earnings per share. As a group, sell-side analysts expect that Vertiv Holdings Co will post 2.7 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.