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

Vertiv (NYSE:VRT) was downgraded by Melius from a “buy” rating to a “hold” rating in a research note issued on Tuesday,Briefing.com Automated Import reports. They presently have a $125.00 price objective on the stock. Melius’ target price indicates a potential upside of 21.69% from the company’s previous close.

A number of other research firms also recently commented on VRT. Citigroup raised their price objective on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. TD Cowen lifted their price target on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Fox Advisors began coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating for the company. UBS Group started coverage on shares of Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their price target on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and an average price target of $140.46.

Vertiv Stock Down 29.8 %

Shares of NYSE VRT opened at $102.72 on Tuesday. Vertiv has a 52-week low of $53.30 and a 52-week high of $155.84. The stock has a market capitalization of $38.55 billion, a PE ratio of 68.48, a P/E/G ratio of 1.16 and a beta of 1.63. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The firm has a fifty day moving average of $127.86 and a 200-day moving average of $105.60.

Insider Buying and Selling at Vertiv

In other news, Director Jakki L. Haussler sold 15,347 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the completion of the sale, the director now owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. This trade represents a 81.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the sale, the insider now directly owns 19,448 shares in the company, valued at $2,751,114.08. This represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 171,527 shares of company stock worth $23,105,682 in the last 90 days. 5.01% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Vertiv

A number of hedge funds have recently bought and sold shares of VRT. Silverleafe Capital Partners LLC acquired a new position in shares of Vertiv in the 4th quarter worth approximately $4,219,000. Foundations Investment Advisors LLC lifted its stake in Vertiv by 7.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after purchasing an additional 13,559 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Vertiv by 15.4% during the second quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock worth $221,013,000 after purchasing an additional 340,639 shares during the last quarter. Whittier Trust Co. boosted its holdings in Vertiv by 7.2% in the third quarter. Whittier Trust Co. now owns 127,210 shares of the company’s stock worth $12,656,000 after purchasing an additional 8,579 shares during the period. Finally, Janney Capital Management LLC bought a new stake in Vertiv during the third quarter valued at $8,403,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.