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

Vertiv Holdings Co (NYSE:VRT) gapped down prior to trading on Wednesday . The stock had previously closed at $72.71, but opened at $69.18. Vertiv shares last traded at $70.54, with a volume of 1,139,475 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Roth Capital raised shares of Vertiv to a “strong-buy” rating in a research note on Monday, April 7th. Barclays decreased their target price on shares of Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday, April 4th. Royal Bank of Canada initiated coverage on shares of Vertiv in a report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price objective for the company. Roth Mkm began coverage on shares of Vertiv in a research report on Tuesday, April 8th. They issued a “buy” rating and a $75.00 price target on the stock. Finally, The Goldman Sachs Group decreased their target price on Vertiv from $135.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $121.94.

Vertiv Stock Performance

The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The stock’s 50 day simple moving average is $87.28 and its two-hundred day simple moving average is $109.12. The stock has a market cap of $27.12 billion, a P/E ratio of 55.63, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share 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 previous year, the company earned $0.56 earnings per share. As a group, research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.21%. Vertiv’s dividend payout ratio is currently 11.72%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. SOA Wealth Advisors LLC. acquired a new stake in Vertiv in the fourth quarter valued at $26,000. OLD Second National Bank of Aurora bought a new stake in shares of Vertiv in the 4th quarter valued at $30,000. Tradewinds Capital Management LLC grew its holdings in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after purchasing an additional 111 shares during the period. FNY Investment Advisers LLC bought a new stake in Vertiv in the fourth quarter valued at $34,000. Finally, Pittenger & Anderson Inc. boosted its position in shares of Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after purchasing an additional 150 shares in the last quarter. Institutional investors 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.