Vertiv (NYSE:VRT) Trading Down 4.6% – Should You Sell?

Vertiv Holdings Co (NYSE:VRT)’s share price was down 4.6% during mid-day trading on Thursday . The company traded as low as $80.60 and last traded at $83.83. Approximately 3,532,003 shares traded hands during trading, a decline of 67% from the average daily volume of 10,866,521 shares. The stock had previously closed at $87.89.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Fox Advisors started coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating on the stock. Barclays decreased 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. 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. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a research note on Tuesday, January 28th. Finally, Melius Research reaffirmed a “hold” rating and issued a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $136.07.

Vertiv Trading Up 3.8 %

The business’s 50-day simple moving average is $115.09 and its two-hundred day simple moving average is $110.47. 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 firm has a market capitalization of $32.43 billion, a price-to-earnings ratio of 66.53, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating 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 business earned $0.56 EPS. Equities analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Hedge Funds Weigh In On Vertiv

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA acquired a new stake in shares of Vertiv during the fourth quarter worth about $597,379,000. Jennison Associates LLC lifted its holdings in Vertiv by 10,825.0% during the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after buying an additional 4,558,306 shares in the last quarter. Norges Bank purchased a new position in Vertiv in the 4th quarter valued at approximately $391,777,000. Wellington Management Group LLP grew its stake in shares of Vertiv by 271.0% in the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after acquiring an additional 2,860,181 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Vertiv by 136.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company’s stock worth $379,101,000 after acquiring an additional 1,928,275 shares during the period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Company Profile

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.