Vertiv (NYSE:VRT) Stock Price Down 1.8% – Time to Sell?

Vertiv Holdings Co (NYSE:VRT)’s stock price traded down 1.8% during trading on Friday . The stock traded as low as $85.75 and last traded at $87.45. 1,064,351 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 8,518,123 shares. The stock had previously closed at $89.08.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Barclays reduced their target price on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Morgan Stanley assumed coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price on the stock. Melius downgraded 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. Fox Advisors initiated coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating on the stock. Finally, Evercore ISI cut their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.07.

Vertiv Price Performance

The stock has a market capitalization of $33.57 billion, a P/E ratio of 68.98, a PEG 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 company has a fifty day simple moving average of $108.26 and a two-hundred day simple moving average of $110.87.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the company posted $0.56 earnings per share. Sell-side analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.0375 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. Vertiv’s payout ratio is currently 11.72%.

Hedge Funds Weigh In On Vertiv

Several institutional investors have recently modified their holdings of VRT. SOA Wealth Advisors LLC. acquired a new position in shares of Vertiv during the 4th quarter worth about $26,000. Mark Sheptoff Financial Planning LLC grew its position in shares of Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after buying an additional 200 shares during the period. Brooklyn Investment Group acquired a new position in shares of Vertiv in the 3rd quarter valued at approximately $30,000. OLD Second National Bank of Aurora acquired a new position in shares of Vertiv in the 4th quarter valued at approximately $30,000. Finally, Tradewinds Capital Management LLC grew its position in shares of Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.