Vertiv (NYSE:VRT) Shares Down 2.6% – Should You Sell?

Vertiv Holdings Co (NYSE:VRT)’s stock price was down 2.6% during trading on Tuesday . The stock traded as low as $123.33 and last traded at $123.49. Approximately 1,118,756 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 8,189,610 shares. The stock had previously closed at $126.80.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on VRT shares. Mizuho upped their price objective on Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Evercore ISI upped their price objective on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. UBS Group assumed coverage on Vertiv in a research note on Wednesday. They issued a “buy” rating and a $155.00 target price on the stock. Jefferies Financial Group began coverage on shares of Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 price target for the company. Finally, Oppenheimer lifted their price target on shares of Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $125.40.

Vertiv Trading Down 2.8 %

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 business has a 50 day simple moving average of $103.47 and a two-hundred day simple moving average of $93.30. The company has a market cap of $45.44 billion, a PE ratio of 81.31, a price-to-earnings-growth ratio of 1.34 and a beta of 1.58.

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 analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 EPS. On average, analysts forecast that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 annualized dividend and a yield of 0.08%. Vertiv’s dividend payout ratio is currently 6.67%.

Insider Activity at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the completion of the transaction, the insider now directly owns 10,542 shares of the company’s stock, valued at $843,254.58. This trade represents a 80.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.01% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC acquired a new position in shares of Vertiv during the first quarter worth $372,000. US Bancorp DE lifted its stake in shares of Vertiv by 25.7% in the first quarter. US Bancorp DE now owns 14,412 shares of the company’s stock valued at $1,177,000 after buying an additional 2,951 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in Vertiv by 284.5% during the 1st quarter. Bleakley Financial Group LLC now owns 19,204 shares of the company’s stock valued at $1,568,000 after purchasing an additional 14,210 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Vertiv by 0.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 310,004 shares of the company’s stock worth $25,318,000 after buying an additional 2,084 shares in the last quarter. Finally, Blair William & Co. IL purchased a new stake in shares of Vertiv in the first quarter valued at about $284,000. 89.92% of the stock is currently owned by institutional investors.

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.