This morning we watched Vertiv drop -6.2% to a price of $115.67 per share. The Large-Cap Farm & Heavy Construction Machinery company is now trading -19.28% below its average target price of $143.31. Analysts have set target prices ranging from $99.5 to $165.0 per share for Vertiv, and have given the stock an average rating of buy.
Vertiv's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 4.7%. The stock's short ratio is 1.4. The company's insiders own 1.51% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 87.8%. In conclusion, we believe there is positive market sentiment regarding Vertiv.
Institutions Invested in Vertiv
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-12-31 | Vanguard Group Inc | 10% | 36,356,089 | $4,204,545,412 |
| 2024-12-31 | Blackrock Inc. | 9% | 34,054,250 | $3,938,340,028 |
| 2024-09-30 | JP Morgan Chase & Company | 4% | 14,898,811 | $1,723,032,624 |
| 2024-09-30 | FMR, LLC | 3% | 12,188,541 | $1,409,592,603 |
| 2024-09-30 | Invesco Ltd. | 2% | 8,758,200 | $1,012,877,089 |
| 2024-09-30 | Bank of America Corporation | 2% | 7,852,191 | $908,098,053 |
| 2024-12-31 | Jennison Associates LLC | 2% | 7,754,347 | $896,782,492 |
| 2024-09-30 | Coatue Management LLC | 2% | 7,716,123 | $892,361,924 |
| 2024-09-30 | State Street Corporation | 2% | 7,635,081 | $882,989,498 |
| 2024-09-30 | Barrow, Hanley Mewhinney & Strauss, LLC | 2% | 6,891,883 | $797,039,391 |
