Vertiv (NYSE:VRT) Shares Down 3.7% – Time to Sell?

Vertiv Holdings Co (NYSE:VRT) was down 3.7% during mid-day trading on Friday . The stock traded as low as $99.89 and last traded at $100.95. Approximately 4,123,050 shares changed hands during trading, a decline of 58% from the average daily volume of 9,865,832 shares. The stock had previously closed at $104.83.

Analyst Upgrades and Downgrades

Several analysts have issued reports on VRT shares. Evercore ISI dropped their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Bank of America increased their target price on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a report on Tuesday, January 28th. Oppenheimer increased their price objective on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. increased their price objective on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.57.

Vertiv Price Performance

The company has a market cap of $35.79 billion, a PE ratio of 74.37, a price-to-earnings-growth ratio of 1.10 and a beta of 1.64. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The stock has a 50 day moving average of $121.49 and a 200-day moving average of $109.27.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same quarter last year, the company posted $0.56 earnings per share. Equities analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Insider Buying and Selling at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the transaction, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jan Van Dokkum sold 38,647 shares of Vertiv stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the transaction, the director now owns 25,000 shares of the company’s stock, valued at $3,409,750. The trade was a 60.72 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.01% of the company’s stock.

Hedge Funds Weigh In On Vertiv

Several institutional investors and hedge funds have recently modified their holdings of VRT. Creative Planning increased its stake in shares of Vertiv by 20.2% in the 3rd quarter. Creative Planning now owns 43,618 shares of the company’s stock valued at $4,340,000 after purchasing an additional 7,341 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Vertiv by 360.1% in the 3rd quarter. Blue Trust Inc. now owns 3,336 shares of the company’s stock valued at $332,000 after purchasing an additional 2,611 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Vertiv by 42.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,163 shares of the company’s stock valued at $613,000 after purchasing an additional 1,830 shares in the last quarter. Signaturefd LLC increased its stake in Vertiv by 17.1% during the 3rd quarter. Signaturefd LLC now owns 6,567 shares of the company’s stock worth $653,000 after buying an additional 957 shares in the last quarter. Finally, Eastern Bank purchased a new stake in Vertiv during the 3rd quarter worth approximately $202,000. Hedge funds and other 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.