Vertiv (NYSE:VRT) Trading Down 2.9% - Here's Why

Vertiv Holdings Co (NYSE:VRT - Get Free Report) shares traded down 2.9% during trading on Friday . The stock traded as low as $92.13 and last traded at $92.93. 2,255,739 shares were traded during trading, a decline of 75% from the average session volume of 8,988,155 shares. The stock had previously closed at $95.74.

Analyst Upgrades and Downgrades

VRT has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price target on Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Citigroup lowered their price objective on Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Cowen reissued a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a research note on Tuesday, January 28th. Finally, Roth Mkm began coverage on shares of Vertiv in a research note on Tuesday, April 8th. They issued a "buy" rating and a $75.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Vertiv presently has an average rating of "Moderate Buy" and an average price target of $120.38.

Vertiv Price Performance

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 firm has a market capitalization of $35.77 billion, a P/E ratio of 73.32, a P/E/G ratio of 1.07 and a beta of 1.70. The company has a 50 day moving average of $80.31 and a 200-day moving average of $106.38.

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

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.16%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio is currently 8.72%.

Institutional Trading of Vertiv

Large investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA bought a new position in shares of Vertiv in the 4th quarter valued at $597,379,000. Norges Bank bought a new position in Vertiv in the fourth quarter valued at about $391,777,000. Jennison Associates LLC raised its stake in Vertiv by 68.6% during the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock worth $880,971,000 after acquiring an additional 3,153,932 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Vertiv by 136.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock worth $379,101,000 after acquiring an additional 1,928,275 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Vertiv by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock valued at $4,130,415,000 after purchasing an additional 1,244,780 shares during the last quarter. Institutional investors and hedge funds 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.

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.