Vertiv (NYSE:VRT) Shares Down 2.5% – Time to Sell?

Shares of Vertiv Holdings Co (NYSE:VRT) traded down 2.5% during trading on Tuesday . The company traded as low as $89.51 and last traded at $91.38. 2,481,730 shares were traded during trading, a decline of 71% from the average session volume of 8,522,945 shares. The stock had previously closed at $93.69.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Royal Bank of Canada initiated coverage on shares of Vertiv in a research note on Friday, March 7th. They set an “outperform” rating and a $121.00 target price on the stock. Melius Research reissued a “hold” rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Fox Advisors began coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating for the company. Citigroup upped their price target on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Barclays dropped their target price on Vertiv from $111.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.33.

Vertiv Price Performance

The business has a 50-day simple moving average of $105.10 and a two-hundred day simple moving average of $111.48. The stock has a market capitalization of $29.11 billion, a price-to-earnings ratio of 59.72, a P/E/G ratio of 1.07 and a beta of 1.71. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last announced 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 net margin of 6.19% and a return on equity of 61.41%. During the same period in the previous year, the business earned $0.56 earnings per share. As a group, research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Institutional Investors Weigh In On Vertiv

A number of institutional investors have recently added to or reduced their stakes in the stock. Silverleafe Capital Partners LLC acquired a new stake in Vertiv in the 4th quarter valued at about $4,219,000. Foundations Investment Advisors LLC increased its stake in Vertiv by 7.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after purchasing an additional 13,559 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Vertiv by 67.0% in the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock valued at $1,043,000 after purchasing an additional 3,682 shares during the last quarter. Gordian Capital Singapore Pte Ltd increased its position in shares of Vertiv by 112.5% in 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 during the last quarter. Finally, Nordea Investment Management AB boosted its holdings 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 valued at $110,544,000 after buying an additional 936,698 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

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.