Vertiv (NYSE:VRT) Stock Price Down 5.6% on Analyst Downgrade

Vertiv Holdings Co (NYSE:VRT)’s share price was down 5.6% during trading on Tuesday 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 $79.00 and last traded at $80.66. Approximately 7,125,383 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 10,844,733 shares. The stock had previously closed at $85.41.

Other research analysts have also issued research reports about the company. Mizuho upped their price target on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research report 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. Evercore ISI dropped their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. The Goldman Sachs Group boosted their price objective on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Morgan Stanley started coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price for the company. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vertiv has an average rating of “Moderate Buy” and an average price target of $137.14.

Institutional Investors Weigh In On Vertiv

A number of hedge funds and other institutional investors have recently bought and sold shares of VRT. Silverleafe Capital Partners LLC bought a new stake in shares of Vertiv in the 4th quarter worth approximately $4,219,000. Foundations Investment Advisors LLC boosted its holdings in Vertiv by 7.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after acquiring an additional 13,559 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Vertiv by 67.0% in the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock worth $1,043,000 after acquiring an additional 3,682 shares during the last quarter. Gordian Capital Singapore Pte Ltd increased its holdings in shares of Vertiv by 112.5% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock valued at $846,000 after acquiring an additional 4,500 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Vertiv by 3,417.9% in the 4th quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock worth $110,544,000 after purchasing an additional 936,698 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Trading Down 5.2 %

The stock’s 50 day moving average is $117.70 and its 200-day moving average is $110.74. The company has a market cap of $30.38 billion, a P/E ratio of 63.18, a PEG ratio of 1.07 and a beta of 1.64. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last announced its quarterly earnings data 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 net margin of 6.19% and a return on equity of 61.41%. During the same period last year, the company posted $0.56 earnings per share. Research analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

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.