Vertiv (NYSE:VRT) Shares Down 2% – What’s Next?

Shares of Vertiv Holdings Co (NYSE:VRT) dropped 2% during mid-day trading on Tuesday . The stock traded as low as $121.82 and last traded at $123.27. Approximately 2,470,022 shares traded hands during trading, a decline of 74% from the average daily volume of 9,642,865 shares. The stock had previously closed at $125.76.

Analyst Ratings Changes

VRT has been the topic of several research reports. TD Cowen lifted their price objective on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Bank of America increased their price objective on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 24th. UBS Group assumed coverage on Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price for the company. JPMorgan Chase & Co. lifted their price objective on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Finally, Melius Research reiterated a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.36.

Vertiv Stock Down 2.2 %

The company has a market cap of $46.15 billion, a price-to-earnings ratio of 81.96, a PEG ratio of 0.94 and a beta of 1.64. 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 fifty day moving average of $124.37 and a two-hundred day moving average of $107.76.

Vertiv Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were issued a $0.0375 dividend. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. Vertiv’s dividend payout ratio is presently 6.67%.

Insider Buying and Selling

In other news, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the transaction, the insider now owns 19,448 shares in the company, valued at approximately $2,751,114.08. This trade represents a 61.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the transaction, the executive vice president now owns 19,551 shares of the company’s stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is owned by company insiders.

Institutional Investors Weigh In On Vertiv

Institutional investors have recently added to or reduced their stakes in the business. Silverleafe Capital Partners LLC purchased a new stake in Vertiv during the fourth quarter worth approximately $4,219,000. Foundations Investment Advisors LLC lifted its stake in Vertiv by 7.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock valued at $21,076,000 after buying an additional 13,559 shares during the last quarter. Whittier Trust Co. lifted its stake in Vertiv by 7.2% in the third quarter. Whittier Trust Co. now owns 127,210 shares of the company’s stock valued at $12,656,000 after buying an additional 8,579 shares during the last quarter. Janney Capital Management LLC purchased a new stake in Vertiv in the third quarter valued at approximately $8,403,000. Finally, Gordian Capital Singapore Pte Ltd lifted its stake in Vertiv by 112.5% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock valued at $846,000 after buying an additional 4,500 shares during the last quarter. 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.