Vertiv (NYSE:VRT) Shares Down 7.4% - Here's Why

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s share price fell 7.4% during trading on Monday . The stock traded as low as $67.92 and last traded at $67.82. 2,347,363 shares were traded during mid-day trading, a decline of 79% from the average session volume of 11,054,351 shares. The stock had previously closed at $73.21.

Analyst Ratings Changes

Several brokerages recently issued reports on VRT. Morgan Stanley assumed coverage on Vertiv in a research report on Monday, January 6th. They set an "overweight" rating and a $150.00 target price on the stock. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. JPMorgan Chase & Co. decreased their price objective on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Roth Mkm began coverage on Vertiv in a research note on Tuesday, April 8th. They issued a "buy" rating and a $75.00 target price on the stock. Finally, Barclays cut their price objective on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.94.

Vertiv Stock Performance

The company's fifty day moving average is $82.01 and its 200 day moving average is $107.87. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $31.45 billion, a P/E ratio of 64.53, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. As a group, equities analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.18%. The ex-dividend date was Tuesday, March 18th. Vertiv's payout ratio is 11.72%.

Institutional Investors Weigh In On Vertiv

A number of institutional investors and hedge funds have recently made changes to their positions in VRT. Graphene Investments SAS raised its holdings in shares of Vertiv by 34.9% in the 1st quarter. Graphene Investments SAS now owns 29,400 shares of the company's stock valued at $2,123,000 after acquiring an additional 7,600 shares in the last quarter. Perpetual Ltd increased its position in shares of Vertiv by 1,955.2% in the first quarter. Perpetual Ltd now owns 212,306 shares of the company's stock worth $15,328,000 after purchasing an additional 201,976 shares during the last quarter. PDS Planning Inc bought a new position in shares of Vertiv in the first quarter worth approximately $239,000. Western Wealth Management LLC bought a new stake in Vertiv during the first quarter valued at approximately $373,000. Finally, Wealth Effects LLC increased its holdings in shares of Vertiv by 15.6% in the 1st quarter. Wealth Effects LLC now owns 8,150 shares of the company's stock worth $588,000 after buying an additional 1,100 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

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.