Vertiv (NYSE:VRT) Stock Price Down 6.2% - Time to Sell?

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s stock price fell 6.2% during trading on Monday . The company traded as low as $77.93 and last traded at $79.75. 3,753,014 shares were traded during trading, a decline of 65% from the average session volume of 10,827,037 shares. The stock had previously closed at $85.04.

Analyst Ratings Changes

Several research analysts have commented on the stock. Barclays decreased their target price on shares of Vertiv from $131.00 to $111.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Citigroup boosted their target price on shares of Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Morgan Stanley started coverage on Vertiv in a research report on Monday, January 6th. They issued an "overweight" rating and a $150.00 target price for the company. Evercore ISI dropped their price target on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Finally, UBS Group began coverage on Vertiv in a research report on Wednesday, November 13th. They set a "buy" rating and a $155.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $136.07.

Vertiv Price Performance

The company has a market cap of $31.60 billion, a P/E ratio of 64.86, a PEG ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The company has a fifty day moving average price of $113.15 and a two-hundred day moving average price of $110.80.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping analysts' consensus estimates 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 quarter last year, the business earned $0.56 EPS. On average, sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. Vertiv's dividend payout ratio (DPR) is currently 11.72%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in VRT. Massachusetts Financial Services Co. MA bought a new position in shares of Vertiv in the 4th quarter valued at $597,379,000. Jennison Associates LLC grew its holdings in shares of Vertiv by 10,825.0% during the third quarter. Jennison Associates LLC now owns 4,600,415 shares of the company's stock worth $457,695,000 after purchasing an additional 4,558,306 shares during the last quarter. Norges Bank acquired a new position in shares of Vertiv in the fourth quarter valued at approximately $391,777,000. Wellington Management Group LLP raised its holdings in Vertiv by 271.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company's stock valued at $389,548,000 after buying an additional 2,860,181 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Vertiv by 136.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock worth $379,101,000 after buying an additional 1,928,275 shares during the period. 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.