Vertiv (NYSE:VRT) Downgraded to “Hold” Rating by Melius

Vertiv (NYSE:VRT) was downgraded by equities researchers at Melius from a “buy” rating to a “hold” rating in a research note issued on Tuesday, MarketBeat Ratings reports. They currently have a $125.00 target price on the stock. Melius’ target price points to a potential upside of 12.91% from the company’s previous close.

A number of other research analysts also recently issued reports on the stock. Citigroup boosted their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. The Goldman Sachs Group boosted their target price on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. UBS Group began coverage on Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target for the company. Morgan Stanley assumed coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised their target price on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $139.36.

Vertiv Price Performance

Shares of VRT opened at $110.70 on Tuesday. The business has a 50-day moving average of $127.16 and a 200-day moving average of $105.72. Vertiv has a 1 year low of $55.00 and a 1 year high of $155.84. The company has a market capitalization of $41.55 billion, a price-to-earnings ratio of 73.80, a price-to-earnings-growth ratio of 1.16 and a beta of 1.63. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

Insider Buying and Selling at Vertiv

In related news, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the transaction, the insider now owns 19,448 shares of the company’s stock, valued at $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen Liang sold 86,619 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the sale, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 171,527 shares of company stock valued at $23,105,682. Corporate insiders own 5.01% of the company’s stock.

Institutional Investors Weigh In On Vertiv

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its position in shares of Vertiv by 55.4% during the second quarter. The Manufacturers Life Insurance Company now owns 30,523 shares of the company’s stock valued at $2,642,000 after acquiring an additional 10,884 shares during the last quarter. Creative Planning grew its stake in Vertiv by 5.8% in the 2nd quarter. Creative Planning now owns 36,277 shares of the company’s stock valued at $3,140,000 after purchasing an additional 2,004 shares during the period. NewEdge Advisors LLC increased its position in shares of Vertiv by 24.7% during the 2nd quarter. NewEdge Advisors LLC now owns 99,090 shares of the company’s stock valued at $8,578,000 after purchasing an additional 19,647 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Vertiv by 238.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 17,810 shares of the company’s stock worth $1,542,000 after purchasing an additional 12,546 shares during the period. Finally, Sunbelt Securities Inc. boosted its holdings in shares of Vertiv by 1.7% in the 2nd quarter. Sunbelt Securities Inc. now owns 13,671 shares of the company’s stock worth $1,183,000 after buying an additional 231 shares during the last quarter. Hedge funds and other 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.