Vertiv (NYSE:VRT) Stock Price Down 4.6% – Here’s What Happened

Vertiv Holdings Co (NYSE:VRT)’s stock price fell 4.6% on Thursday . The stock traded as low as $80.60 and last traded at $83.83. 3,532,003 shares traded hands during trading, a decline of 67% from the average session volume of 10,866,521 shares. The stock had previously closed at $87.89.

Analyst Ratings Changes

Several equities analysts recently weighed in on VRT shares. Citigroup increased their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. JPMorgan Chase & Co. increased their target price on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Morgan Stanley assumed 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. Melius cut shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research note on Tuesday, January 28th. Finally, UBS Group initiated coverage on Vertiv in a research report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Vertiv currently has an average rating of “Moderate Buy” and a consensus target price of $137.14.

Vertiv Price Performance

The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $31.15 billion, a price-to-earnings ratio of 63.87, a P/E/G ratio of 1.07 and a beta of 1.71. The business’s 50 day simple moving average is $116.43 and its 200-day simple moving average is $110.63.

Vertiv (NYSE:VRT) last issued its 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 return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the prior year, the business earned $0.56 earnings per share. On average, research analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VRT. SOA Wealth Advisors LLC. acquired a new position in Vertiv in the 4th quarter valued at approximately $26,000. Mark Sheptoff Financial Planning LLC increased its holdings in Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the period. Brooklyn Investment Group bought a new position in Vertiv during the 3rd quarter worth $30,000. OLD Second National Bank of Aurora acquired a new position in shares of Vertiv in the fourth quarter worth approximately $30,000. Finally, Tradewinds Capital Management LLC lifted its position in shares of Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after purchasing an additional 111 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

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.