Vertiv (NYSE:VRT) Shares Down 7% Following Analyst Downgrade

Shares of Vertiv Holdings Co (NYSE:VRT - Get Free Report) dropped 7% during mid-day trading on Monday 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 $86.50 and last traded at $88.55. Approximately 5,335,264 shares were traded during trading, a decline of 50% from the average daily volume of 10,681,203 shares. The stock had previously closed at $95.17.

VRT has been the topic of several other research reports. The Goldman Sachs Group upped their price objective on Vertiv from $126.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Oppenheimer upped their target price on Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Fox Advisors assumed coverage on Vertiv in a report on Monday, January 6th. They issued an "equal weight" rating for the company. Citigroup increased their price target on Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. increased their price target on Vertiv from $124.00 to $132.00 and gave the company an "overweight" rating in a research note on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Vertiv presently has a consensus rating of "Moderate Buy" and an average price target of $137.14.

Institutional Investors Weigh In On Vertiv

Several hedge funds have recently made changes to their positions in VRT. New York State Teachers Retirement System lifted its stake in Vertiv by 19.9% during the third quarter. New York State Teachers Retirement System now owns 31,278 shares of the company's stock worth $3,112,000 after purchasing an additional 5,187 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Vertiv by 23.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,825 shares of the company's stock valued at $480,000 after buying an additional 916 shares during the period. Chicago Partners Investment Group LLC acquired a new position in shares of Vertiv in the 3rd quarter valued at $394,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of Vertiv by 22.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 565,454 shares of the company's stock valued at $56,257,000 after buying an additional 105,360 shares during the period. Finally, National Pension Service lifted its position in Vertiv by 29.6% in the 3rd quarter. National Pension Service now owns 583,781 shares of the company's stock valued at $58,080,000 after acquiring an additional 133,481 shares in the last quarter. Institutional investors own 89.92% of the company's stock.

Vertiv Stock Up 1.6 %

The firm has a market capitalization of $33.43 billion, a P/E ratio of 68.58, a PEG ratio of 1.07 and a beta of 1.71. The firm's 50-day moving average is $116.43 and its 200 day moving average is $110.63. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping the consensus estimate 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 firm posted $0.56 EPS. As a group, equities research analysts predict that Vertiv Holdings Co will post 3.59 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.