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

Vertiv Holdings Co (NYSE:VRT) shares gapped down before the market opened on Wednesday . The stock had previously closed at $75.27, but opened at $72.50. Vertiv shares last traded at $75.28, with a volume of 571,719 shares trading hands.

Analysts Set New Price Targets

Several analysts recently weighed in on VRT shares. Evercore ISI cut their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Fox Advisors assumed coverage on Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating for the company. Citigroup boosted their price target on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Barclays reduced their price objective on shares of Vertiv from $111.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. Finally, Morgan Stanley assumed coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 target price on the stock. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.33.

Vertiv Stock Down 0.2 %

The firm has a market capitalization of $28.60 billion, a price-to-earnings ratio of 58.69, a PEG ratio of 1.07 and a beta of 1.71. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The stock has a fifty day moving average of $100.11 and a 200-day moving average of $111.51.

Vertiv (NYSE:VRT) last posted 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 return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the prior year, the firm posted $0.56 EPS. As a group, sell-side analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were given a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Hedge Funds Weigh In On Vertiv

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. purchased a new position in shares of Vertiv during the fourth quarter valued at $26,000. OLD Second National Bank of Aurora purchased a new position in Vertiv during the 4th quarter valued at about $30,000. Tradewinds Capital Management LLC increased its holdings in shares of Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Vertiv in the fourth quarter worth approximately $34,000. Finally, Pittenger & Anderson Inc. boosted its holdings in shares of Vertiv by 92.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after purchasing an additional 150 shares during the period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

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.