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

Vertiv Holdings Co (NYSE:VRT)’s share price dropped 3.7% on Thursday . The company traded as low as $104.00 and last traded at $103.85. Approximately 2,949,612 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 9,862,411 shares. The stock had previously closed at $107.84.

Wall Street Analyst Weigh In

VRT has been the subject of several research analyst reports. TD Cowen increased their price objective on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group increased their price target on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Melius Research reissued a “hold” rating and set a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Fox Advisors initiated coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating for the company. Finally, Barclays decreased their price target on Vertiv from $142.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and an average target price of $138.57.

Vertiv Trading Down 8.5 %

The firm has a market cap of $36.00 billion, a price-to-earnings ratio of 74.93, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64. The business has a 50 day moving average of $120.90 and a 200 day moving average of $109.46. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same quarter in the previous year, the company posted $0.56 EPS. On average, research analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Insider Transactions at Vertiv

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

Hedge Funds Weigh In On Vertiv

Large investors have recently bought and sold shares of the stock. Creative Planning raised its position in shares of Vertiv by 20.2% in the 3rd quarter. Creative Planning now owns 43,618 shares of the company’s stock worth $4,340,000 after buying an additional 7,341 shares during the period. Sequoia Financial Advisors LLC increased its stake in Vertiv by 42.2% during the third quarter. Sequoia Financial Advisors LLC now owns 6,163 shares of the company’s stock worth $613,000 after acquiring an additional 1,830 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Vertiv by 17.1% in the 3rd quarter. Signaturefd LLC now owns 6,567 shares of the company’s stock worth $653,000 after purchasing an additional 957 shares during the period. Eastern Bank acquired a new position in shares of Vertiv in the 3rd quarter valued at about $202,000. Finally, Private Advisor Group LLC grew its holdings in shares of Vertiv by 65.3% during the 3rd quarter. Private Advisor Group LLC now owns 60,934 shares of the company’s stock worth $6,062,000 after purchasing an additional 24,068 shares during the period. Hedge funds and other 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.