Vertiv (NYSE:VRT) Stock Price Down 5.9% – Here’s Why

Vertiv Holdings Co (NYSE:VRT)’s share price was down 5.9% during mid-day trading on Monday . The stock traded as low as $88.74 and last traded at $90.30. Approximately 7,193,605 shares changed hands during trading, a decline of 29% from the average daily volume of 10,085,183 shares. The stock had previously closed at $95.99.

Analyst Ratings Changes

VRT has been the subject of a number of analyst reports. Oppenheimer upped 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. JPMorgan Chase & Co. raised their price objective on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. TD Cowen lifted their price objective on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Melius Research reiterated a “hold” rating and set a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Finally, Mizuho lifted their price target on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

Vertiv Stock Down 4.9 %

The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The firm’s 50 day simple moving average is $120.90 and its 200 day simple moving average is $110.04. The company has a market cap of $34.27 billion, a price-to-earnings ratio of 71.33, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate 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 in the prior year, the company posted $0.56 EPS. Sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Insider Activity at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the sale, the executive vice president now directly owns 19,551 shares in the company, valued at $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.01% of the stock is currently owned by insiders.

Institutional Trading of Vertiv

Hedge funds and other institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA acquired a new position in Vertiv during the fourth quarter worth about $597,379,000. Jennison Associates LLC grew its stake in shares of Vertiv by 10,825.0% in the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after purchasing an additional 4,558,306 shares during the last quarter. Norges Bank bought a new stake in shares of Vertiv in the 4th quarter worth approximately $391,777,000. Wellington Management Group LLP lifted its stake in Vertiv by 271.0% during the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after purchasing an additional 2,860,181 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Vertiv by 136.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company’s stock valued at $379,101,000 after purchasing an additional 1,928,275 shares during the last quarter. 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.