Vertiv (NYSE:VRT) Stock Price Down 1.8% – Time to Sell?

Vertiv Holdings Co (NYSE:VRT) shares were down 1.8% on Friday . The company traded as low as $85.75 and last traded at $87.45. Approximately 1,064,351 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 8,518,123 shares. The stock had previously closed at $89.08.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on VRT shares. Melius Research reiterated a “hold” rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Barclays dropped their price objective on Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Citigroup increased their price objective on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Fox Advisors started coverage on Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating on the stock. Finally, Evercore ISI dropped their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Vertiv has an average rating of “Moderate Buy” and a consensus target price of $136.07.

Vertiv Stock Performance

The stock’s 50-day moving average price is $108.26 and its 200 day moving average price is $110.87. The company has a market cap of $33.57 billion, a P/E ratio of 68.98, a price-to-earnings-growth 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 quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (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 prior year, the business earned $0.56 EPS. As a group, research analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.0375 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.17%. Vertiv’s dividend payout ratio is currently 11.72%.

Institutional Investors Weigh In On Vertiv

Institutional investors have recently bought and sold shares of the business. Silverleafe Capital Partners LLC acquired a new stake in Vertiv during the fourth quarter worth $4,219,000. Foundations Investment Advisors LLC boosted its stake in Vertiv by 7.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after buying an additional 13,559 shares in the last quarter. Empowered Funds LLC boosted its stake in Vertiv by 67.0% during the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock worth $1,043,000 after buying an additional 3,682 shares in the last quarter. Gordian Capital Singapore Pte Ltd boosted its stake in Vertiv by 112.5% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock worth $846,000 after buying an additional 4,500 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in Vertiv by 3,417.9% during the fourth quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock worth $110,544,000 after buying an additional 936,698 shares in the last quarter. Institutional investors and hedge funds 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.