Vertiv (NYSE:VRT) Stock Price Down 12.2% – Time to Sell?

Vertiv Holdings Co (NYSE:VRT) shares were down 12.2% during mid-day trading on Thursday . The stock traded as low as $67.40 and last traded at $67.74. Approximately 4,419,999 shares were traded during trading, a decline of 50% from the average daily volume of 8,772,009 shares. The stock had previously closed at $77.11.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on VRT. 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 report on Tuesday, January 28th. Royal Bank of Canada assumed coverage on Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price for the company. Fox Advisors initiated coverage on Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating on the stock. Melius Research reiterated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Finally, Morgan Stanley started coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective for the company. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.33.

Vertiv Stock Down 12.5 %

The stock has a market capitalization of $25.71 billion, a price-to-earnings ratio of 52.74, a PEG ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The business has a fifty day moving average of $98.69 and a 200 day moving average of $111.27.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating 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 period last year, the firm posted $0.56 EPS. As a group, equities analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is 11.72%.

Hedge Funds Weigh In On Vertiv

A number of hedge funds have recently made changes to their positions in VRT. Silverleafe Capital Partners LLC acquired a new position in Vertiv during the fourth quarter worth $4,219,000. Foundations Investment Advisors LLC lifted its stake in Vertiv by 7.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after acquiring an additional 13,559 shares in the last quarter. Empowered Funds LLC boosted its holdings in Vertiv by 67.0% during the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock valued at $1,043,000 after acquiring an additional 3,682 shares during the period. Gordian Capital Singapore Pte Ltd grew its position in 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 acquiring an additional 4,500 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in Vertiv by 3,417.9% during the fourth quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock worth $110,544,000 after purchasing an additional 936,698 shares during the period. 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.