Vertiv (NYSE:VRT) Stock Price Down 0.8% – Should You Sell?

Vertiv Holdings Co (NYSE:VRT)’s share price fell 0.8% during trading on Thursday . The company traded as low as $93.70 and last traded at $97.80. 5,170,356 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 10,675,347 shares. The stock had previously closed at $98.61.

Analyst Ratings Changes

A number of analysts have weighed in on VRT shares. JPMorgan Chase & Co. increased their target price on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. UBS Group assumed coverage on shares of Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price for the company. Evercore ISI decreased 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 Research reissued a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Finally, TD Cowen increased their price target on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Four equities 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

Vertiv Stock Performance

The firm has a market cap of $34.60 billion, a P/E ratio of 72.02, a PEG ratio of 1.07 and a beta of 1.64. 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’s 50-day moving average is $119.31 and its two-hundred day moving average is $110.24.

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

Institutional Investors Weigh In On Vertiv

A number of institutional investors have recently added to or reduced their stakes in the company. Virtue Capital Management LLC grew its holdings in shares of Vertiv by 4.6% in the fourth quarter. Virtue Capital Management LLC now owns 15,750 shares of the company’s stock valued at $1,789,000 after acquiring an additional 689 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Vertiv by 31.6% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 8,555 shares of the company’s stock worth $972,000 after buying an additional 2,053 shares during the last quarter. Ameriflex Group Inc. bought a new position in Vertiv during the fourth quarter valued at about $37,000. Mackenzie Financial Corp raised its position in Vertiv by 24.5% in the fourth quarter. Mackenzie Financial Corp now owns 104,187 shares of the company’s stock worth $11,837,000 after acquiring an additional 20,496 shares during the period. Finally, Forum Financial Management LP purchased a new position in Vertiv in the fourth quarter valued at about $307,000. 89.92% of the stock is owned by institutional investors.

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.