Vertiv (NYSE:VRT) Trading Down 2.5% – Should You Sell?

Vertiv Holdings Co (NYSE:VRT) shares were down 2.5% during trading on Tuesday . The stock traded as low as $89.51 and last traded at $91.38. Approximately 2,481,730 shares were traded during trading, a decline of 71% from the average daily volume of 8,522,945 shares. The stock had previously closed at $93.69.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Evercore ISI decreased their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Melius Research reaffirmed a “hold” rating and set a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. 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 price objective on the stock. Royal Bank of Canada assumed coverage on shares of Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price for the company. Finally, Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Vertiv currently has an average rating of “Moderate Buy” and a consensus price target of $136.07.

Vertiv Stock Performance

The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $34.71 billion, a price-to-earnings ratio of 71.18, a PEG ratio of 1.07 and a beta of 1.71. The firm has a fifty day moving average of $106.85 and a 200-day moving average of $111.55.

Vertiv (NYSE:VRT) last posted its 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 quarter in the prior year, the company posted $0.56 earnings per share. As a group, sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv’s payout ratio is currently 11.72%.

Hedge Funds Weigh In On Vertiv

Hedge funds have recently bought and sold shares of the stock. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv during the fourth quarter valued at $26,000. Mark Sheptoff Financial Planning LLC lifted its holdings 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 in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Vertiv during the 3rd quarter worth about $30,000. OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv during the fourth quarter worth about $30,000. Finally, Tradewinds Capital Management LLC raised its position in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after buying an additional 111 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.