Vertiv (NYSE:VRT) Stock Price Down 7% on Analyst Downgrade

Vertiv Holdings Co (NYSE:VRT - Get Free Report) dropped 7% during mid-day trading on Monday after Barclays lowered their price target on the stock from $131.00 to $111.00. Barclays currently has an equal weight rating on the stock. Vertiv traded as low as $86.50 and last traded at $88.55. Approximately 5,335,264 shares changed hands during trading, a decline of 50% from the average daily volume of 10,681,203 shares. The stock had previously closed at $95.17.

Several other brokerages have also commented on VRT. Citigroup increased their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. UBS Group initiated coverage on shares of Vertiv in a research note on Wednesday, November 13th. They set a "buy" rating and a $155.00 target price for the company. Evercore ISI lowered their price target on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, January 17th. Morgan Stanley began coverage on Vertiv in a research report on Monday, January 6th. They issued an "overweight" rating and a $150.00 price objective for the company. Finally, The Goldman Sachs Group upped their target price on Vertiv from $126.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $137.14.

Institutional Trading of Vertiv

Hedge funds and other institutional investors have recently bought and sold shares of the business. SOA Wealth Advisors LLC. bought a new stake in shares of Vertiv in the fourth quarter valued at approximately $26,000. Mark Sheptoff Financial Planning LLC lifted its stake in Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock valued at $30,000 after purchasing an additional 200 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Vertiv during the 3rd quarter valued at $30,000. OLD Second National Bank of Aurora bought a new stake in shares of Vertiv during the fourth quarter worth about $30,000. Finally, Tradewinds Capital Management LLC raised its stake in shares of Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after acquiring an additional 111 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Price Performance

The stock has a market cap of $31.15 billion, a P/E ratio of 63.91, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The business has a 50-day simple moving average of $116.43 and a 200 day simple moving average of $110.63. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the company earned $0.56 earnings per share. On average, analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

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.