Vertiv (NYSE:VRT) Stock Price Down 5.9%

Vertiv Holdings Co (NYSE:VRT) traded down 5.9% on Monday . The company traded as low as $62.40 and last traded at $65.34. 5,959,184 shares were traded during trading, a decline of 32% from the average session volume of 8,748,222 shares. The stock had previously closed at $69.46.

Analysts Set New Price Targets

Several analysts have issued reports on VRT shares. Mizuho upgraded Vertiv from a “neutral” rating to an “outperform” rating and dropped their price objective for the company from $95.00 to $92.00 in a research note on Wednesday. JPMorgan Chase & Co. raised their price target on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Oppenheimer upped their price target on shares of Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Citigroup upped their price objective on Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Finally, The Goldman Sachs Group lowered their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $96.22.

Vertiv Trading Down 2.9 %

The business’s 50 day moving average price is $87.77 and its two-hundred day moving average price is $81.30. The company has a market capitalization of $25.19 billion, a price-to-earnings ratio of 67.41, a P/E/G ratio of 0.97 and a beta of 1.58. The company has a current ratio of 1.36, a quick ratio of 0.98 and a debt-to-equity ratio of 1.90.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The company’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. On average, equities analysts predict that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Monday, June 17th were paid a dividend of $0.025 per share. The ex-dividend date was Monday, June 17th. This represents a $0.10 annualized dividend and a yield of 0.15%. Vertiv’s dividend payout ratio is currently 9.62%.

Insiders Place Their Bets

In other news, Director Doherty Philip O’ sold 9,529 shares of Vertiv stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $109.30, for a total value of $1,041,519.70. Following the completion of the sale, the director now owns 6,882,859 shares in the company, valued at approximately $752,296,488.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Doherty Philip O’ sold 9,529 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $109.30, for a total transaction of $1,041,519.70. Following the completion of the sale, the director now directly owns 6,882,859 shares of the company’s stock, valued at $752,296,488.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Roger Fradin sold 16,667 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $103.86, for a total transaction of $1,731,034.62. Following the completion of the transaction, the director now directly owns 218,333 shares in the company, valued at approximately $22,676,065.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,115,865 shares of company stock worth $115,378,949. Corporate insiders own 5.01% of the company’s stock.

Institutional Trading of Vertiv

Institutional investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Vertiv by 16.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 28,193 shares of the company’s stock worth $1,354,000 after buying an additional 4,028 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Vertiv by 8.8% in the 4th quarter. Arizona State Retirement System now owns 94,126 shares of the company’s stock worth $4,521,000 after purchasing an additional 7,627 shares during the period. Asset Management One Co. Ltd. bought a new position in Vertiv during the fourth quarter valued at $6,819,000. Arkadios Wealth Advisors purchased a new stake in Vertiv in the fourth quarter worth $201,000. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Vertiv by 7,552.9% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 338,027 shares of the company’s stock valued at $16,878,000 after buying an additional 333,610 shares during the period. Institutional investors own 89.92% of the company’s stock.

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.