Vertiv (NYSE:VRT) Stock Price Down 0.2% – What’s Next?

Vertiv Holdings Co (NYSE:VRT)’s stock price dropped 0.2% on Thursday . The company traded as low as $117.77 and last traded at $118.49. Approximately 604,350 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 8,027,691 shares. The stock had previously closed at $118.74.

Analyst Ratings Changes

A number of analysts have recently issued reports on VRT shares. UBS Group initiated coverage on Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price on the stock. Citigroup upped their target price on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Jefferies Financial Group started coverage on shares of Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 price target for the company. Bank of America raised their price objective on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $140.09.

Vertiv Stock Performance

The firm’s 50-day moving average price is $122.02 and its 200 day moving average price is $99.47. The company has a market cap of $44.92 billion, a price-to-earnings ratio of 79.78, a PEG ratio of 1.29 and a beta of 1.61. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

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

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv’s dividend payout ratio is 6.67%.

Insider Transactions at Vertiv

In related news, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value 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. The trade was a 61.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the transaction, the director now owns 3,425 shares in the company, valued at approximately $470,526.50. The trade was a 81.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock worth $23,105,682 in the last ninety days. Insiders own 5.01% of the company’s stock.

Hedge Funds Weigh In On Vertiv

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Anchor Investment Management LLC bought a new position in shares of Vertiv in the second quarter worth $26,000. Krane Funds Advisors LLC bought a new stake in Vertiv during the 3rd quarter worth approximately $29,000. Global Trust Asset Management LLC bought a new position in Vertiv in the 3rd quarter valued at $30,000. Mark Sheptoff Financial Planning LLC grew its holdings in shares of Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Vertiv in the third quarter worth approximately $30,000. Institutional investors own 89.92% of the company’s stock.

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.