Vertiv (NYSE:VRT) Shares Down 2.9% – Should You Sell?

Vertiv Holdings Co (NYSE:VRT) traded down 2.9% during trading on Wednesday . The stock traded as low as $68.33 and last traded at $70.60. 2,321,082 shares changed hands during trading, a decline of 79% from the average session volume of 11,030,056 shares. The stock had previously closed at $72.71.

Wall Street Analysts Forecast Growth

VRT has been the topic of several recent analyst reports. Fox Advisors started coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. Melius cut shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a research report on Tuesday, January 28th. Roth Mkm initiated coverage on Vertiv in a report on Tuesday, April 8th. They issued a “buy” rating and a $75.00 target price for the company. The Goldman Sachs Group dropped their price target on Vertiv from $135.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, Melius Research reiterated a “hold” rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.94.

Vertiv Price Performance

The stock has a 50-day simple moving average of $85.23 and a 200 day simple moving average of $108.68. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The company has a market cap of $27.89 billion, a P/E ratio of 57.22, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating 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 in the previous year, the business posted $0.56 earnings per share. On average, equities analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s payout ratio is 11.72%.

Institutional Investors Weigh In On Vertiv

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC raised its holdings in shares of Vertiv by 51.4% in the third quarter. Barclays PLC now owns 431,586 shares of the company’s stock valued at $42,940,000 after buying an additional 146,463 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of Vertiv during the third quarter worth approximately $1,230,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Vertiv in the third quarter valued at approximately $584,000. Blankinship & Foster LLC acquired a new position in Vertiv during the 3rd quarter worth $8,798,000. Finally, B. Riley Wealth Advisors Inc. boosted its position in Vertiv by 18.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,502 shares of the company’s stock valued at $660,000 after buying an additional 1,021 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.