Vertiv (NYSE:VRT) Stock Price Down 0.1% – Should You Sell?

Vertiv Holdings Co (NYSE:VRT) dropped 0.1% on Wednesday . The stock traded as low as $72.43 and last traded at $75.19. Approximately 1,647,801 shares traded hands during trading, a decline of 81% from the average daily volume of 8,754,710 shares. The stock had previously closed at $75.27.

Analyst Ratings Changes

VRT has been the subject of a number of research reports. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research report on Tuesday, January 28th. Evercore ISI lowered their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Royal Bank of Canada assumed 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. Fox Advisors began coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating for the company. Finally, Barclays lowered their target price on shares of Vertiv from $111.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Vertiv has a consensus rating of “Moderate Buy” and an average target price of $135.33.

Vertiv Stock Up 2.6 %

The company has a market capitalization of $29.40 billion, a PE ratio of 60.31, a P/E/G ratio of 1.07 and a beta of 1.71. The business has a 50-day moving average of $100.11 and a 200 day moving average of $111.51. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates 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 company posted $0.56 earnings per share. Equities research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.19%. The ex-dividend date was Tuesday, March 18th. Vertiv’s dividend payout ratio is 11.72%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its holdings in shares of Vertiv by 25.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 38,306 shares of the company’s stock worth $3,811,000 after purchasing an additional 7,783 shares during the period. Townsquare Capital LLC boosted its stake in Vertiv by 14.8% during the third quarter. Townsquare Capital LLC now owns 4,990 shares of the company’s stock worth $496,000 after buying an additional 642 shares during the period. Captrust Financial Advisors boosted its stake in Vertiv by 22.9% during the third quarter. Captrust Financial Advisors now owns 55,278 shares of the company’s stock worth $5,500,000 after buying an additional 10,306 shares during the period. Paloma Partners Management Co bought a new position in Vertiv during the third quarter valued at $495,000. Finally, Aureus Asset Management LLC purchased a new stake in shares of Vertiv in the third quarter valued at $266,000. Hedge funds and other institutional investors 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.