Vertiv (NYSE:VRT) Stock Price Down 4.1% – Should You Sell?

Shares of Vertiv Holdings Co (NYSE:VRT) were down 4.1% during trading on Friday . The stock traded as low as $73.66 and last traded at $73.21. Approximately 3,989,933 shares were traded during trading, a decline of 54% from the average daily volume of 8,586,264 shares. The stock had previously closed at $76.32.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Barclays dropped their price objective on shares of Vertiv from $111.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Citigroup upped 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. Royal Bank of Canada assumed coverage on Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price objective for the company. Melius Research reaffirmed a “hold” rating and issued a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Finally, Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research note on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $135.33.

Vertiv Stock Down 4.2 %

The stock has a market cap of $27.85 billion, a P/E ratio of 57.41, a P/E/G ratio of 1.07 and a beta of 1.71. 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’s fifty day moving average is $103.98 and its 200 day moving average is $111.23.

Vertiv (NYSE:VRT) last posted its quarterly earnings data 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 return on equity of 61.41% and a net margin of 6.19%. During the same period last year, the firm earned $0.56 EPS. As a group, equities research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

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

Hedge Funds Weigh In On Vertiv

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Silverleafe Capital Partners LLC acquired a new stake in shares of Vertiv during the 4th quarter worth approximately $4,219,000. Foundations Investment Advisors LLC boosted its stake in Vertiv by 7.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after buying an additional 13,559 shares in the last quarter. Empowered Funds LLC increased its holdings in Vertiv by 67.0% in the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock valued at $1,043,000 after buying an additional 3,682 shares during the period. Gordian Capital Singapore Pte Ltd raised its stake in shares of Vertiv by 112.5% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock valued at $846,000 after buying an additional 4,500 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of 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 acquiring an additional 936,698 shares during the period. 89.92% of the stock is currently owned by institutional investors.

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.