Vertiv (NYSE:VRT) Stock Price Down 2.8% - Should You Sell?

Vertiv Holdings Co (NYSE:VRT - Get Free Report) shares were down 2.8% on Wednesday . The stock traded as low as $80.51 and last traded at $83.74. Approximately 2,864,904 shares traded hands during trading, a decline of 74% from the average daily volume of 11,172,875 shares. The stock had previously closed at $86.19.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VRT. Cowen restated a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Citigroup decreased their price target on Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a report on Monday, April 14th. 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 note on Tuesday, January 28th. Roth Mkm started coverage on shares of Vertiv in a research note on Tuesday, April 8th. They issued a "buy" rating and a $75.00 target price for the company. Finally, Barclays dropped their price target on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $120.38.

Vertiv Price 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 has a market capitalization of $31.89 billion, a PE ratio of 65.43, a P/E/G ratio of 1.07 and a beta of 1.71. The company has a 50-day moving average of $80.26 and a two-hundred day moving average of $107.24.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The business had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period last year, the company earned $0.43 earnings per share. The company's quarterly revenue was up 24.2% on a year-over-year basis. Sell-side analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is presently 8.72%.

Hedge Funds Weigh In On Vertiv

A number of large investors have recently modified their holdings of the company. Silverleafe Capital Partners LLC purchased a new position in Vertiv in the fourth quarter valued at approximately $4,219,000. Foundations Investment Advisors LLC raised its stake in shares of Vertiv by 7.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock valued at $21,076,000 after acquiring an additional 13,559 shares during the period. Empowered Funds LLC lifted its holdings in shares of Vertiv by 67.0% during the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock valued at $1,043,000 after acquiring an additional 3,682 shares in the last quarter. Nordea Investment Management AB boosted its position in Vertiv by 3,417.9% during the 4th quarter. Nordea Investment Management AB now owns 964,104 shares of the company's stock worth $110,544,000 after purchasing an additional 936,698 shares during the period. Finally, Register Financial Advisors LLC acquired a new stake in Vertiv in the 4th quarter valued at $217,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.