Vertiv (NYSE:VRT) Stock Price Down 2.6% – What’s Next?

Vertiv Holdings Co (NYSE:VRT) was down 2.6% on Monday . The stock traded as low as $115.60 and last traded at $116.97. Approximately 1,194,676 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 8,071,082 shares. The stock had previously closed at $120.04.

Analysts Set New Price Targets

VRT has been the topic of several research analyst reports. UBS Group started coverage on Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price on the stock. Oppenheimer boosted their price objective on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Bank of America raised their target price on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. TD Cowen boosted 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. Finally, 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. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $140.09.

Vertiv Price Performance

The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The company has a market cap of $44.78 billion, a PE ratio of 79.54, a P/E/G ratio of 1.29 and a beta of 1.61. The firm has a 50 day moving average of $121.55 and a two-hundred day moving average of $98.89.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating 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 firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the company earned $0.52 earnings per share. The company’s revenue was up 19.0% on a year-over-year basis. Research analysts predict that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

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

Insider Transactions at Vertiv

In other news, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now owns 19,551 shares of the company’s stock, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jakki L. Haussler sold 15,347 shares of the business’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 transaction, the director now directly owns 3,425 shares of the company’s stock, valued at $470,526.50. The trade was a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 171,527 shares of company stock worth $23,105,682 over the last quarter. 5.01% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Anchor Investment Management LLC bought a new position in Vertiv in the 2nd quarter worth $26,000. Krane Funds Advisors LLC bought a new position in shares of Vertiv during the 3rd quarter valued at approximately $29,000. Global Trust Asset Management LLC purchased a new stake in Vertiv in the 3rd quarter worth approximately $30,000. Mark Sheptoff Financial Planning LLC raised its stake in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares during the period. Finally, Brooklyn Investment Group purchased a new position in Vertiv during the third quarter valued at approximately $30,000. 89.92% of the stock is currently 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.