Vertiv (NYSE:VRT) Shares Down 2.1% – Should You Sell?

Vertiv Holdings Co (NYSE:VRT)’s share price was down 2.1% on Thursday . The stock traded as low as $119.61 and last traded at $121.96. Approximately 2,308,246 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 8,168,933 shares. The stock had previously closed at $124.53.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VRT. Oppenheimer lifted their target price on Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. TD Cowen lifted their price objective on shares of Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Evercore ISI boosted their target price on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Mizuho raised their target price on shares of Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, UBS Group began coverage on shares of Vertiv in a research report on Wednesday. They issued a “buy” rating and a $155.00 price target on the stock. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $125.40.

Vertiv Stock Down 0.1 %

The firm has a 50-day moving average of $105.37 and a two-hundred day moving average of $93.67. The stock has a market capitalization of $45.36 billion, a price-to-earnings ratio of 80.57, a price-to-earnings-growth ratio of 1.35 and a beta of 1.58. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the company earned $0.52 EPS. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were issued a dividend of $0.025 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.08%. Vertiv’s dividend payout ratio is 6.67%.

Insider Activity at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the sale, the insider now owns 10,542 shares of the company’s stock, valued at $843,254.58. This trade represents a 80.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 5.01% of the company’s stock.

Institutional Trading of Vertiv

A number of hedge funds have recently bought and sold shares of the stock. Jennison Associates LLC raised its holdings in Vertiv by 10,825.0% in the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock valued at $457,695,000 after acquiring an additional 4,558,306 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in Vertiv in the second quarter worth $331,091,000. Price T Rowe Associates Inc. MD boosted its stake in Vertiv by 303.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock worth $390,143,000 after buying an additional 3,591,903 shares in the last quarter. Wellington Management Group LLP increased its holdings in Vertiv by 271.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after buying an additional 2,860,181 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Vertiv by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock valued at $2,745,930,000 after buying an additional 1,766,784 shares in the last quarter. 89.92% of the stock is owned by 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.