Vertiv (NYSE:VRT) Stock Price Down 1.2% – Should You Sell?

Vertiv Holdings Co (NYSE:VRT) shares were down 1.2% during mid-day trading on Friday . The company traded as low as $139.14 and last traded at $139.77. Approximately 1,324,611 shares were traded during trading, a decline of 84% from the average daily volume of 8,188,487 shares. The stock had previously closed at $141.49.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. The Goldman Sachs Group increased their target price on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday. Citigroup upped their price objective on Vertiv from $134.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday. Jefferies Financial Group assumed coverage on Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 target price for the company. Evercore ISI upped their price target on Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Bank of America lifted their price objective on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $138.50.

Vertiv Price Performance

The business has a fifty day moving average of $109.85 and a 200-day moving average of $94.90. 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 firm has a market cap of $52.90 billion, a PE ratio of 93.18, a PEG ratio of 1.53 and a beta of 1.58.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 earnings per share. As a group, research analysts predict that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.0375 per share. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date is Tuesday, December 3rd. Vertiv’s payout ratio is 6.67%.

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the completion of the sale, the insider now owns 10,542 shares in the company, valued at approximately $843,254.58. This trade represents a 80.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 5.01% of the company’s stock.

Institutional Investors Weigh In On Vertiv

A number of institutional investors and hedge funds have recently bought and sold shares of VRT. Old West Investment Management LLC increased its stake in Vertiv by 44.1% in the third quarter. Old West Investment Management LLC now owns 28,372 shares of the company’s stock valued at $2,823,000 after acquiring an additional 8,683 shares during the last quarter. TCW Group Inc. boosted its holdings in shares of Vertiv by 9.5% in the 3rd quarter. TCW Group Inc. now owns 498,387 shares of the company’s stock worth $49,585,000 after purchasing an additional 43,148 shares in the last quarter. Virtue Capital Management LLC raised its holdings in shares of Vertiv by 1.2% during the 3rd quarter. Virtue Capital Management LLC now owns 15,061 shares of the company’s stock valued at $1,498,000 after buying an additional 177 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of Vertiv by 26.6% in the 3rd quarter. Toronto Dominion Bank now owns 43,521 shares of the company’s stock worth $4,330,000 after acquiring an additional 9,150 shares during the last quarter. Finally, TT International Asset Management LTD lifted its stake in Vertiv by 746.5% in the third quarter. TT International Asset Management LTD now owns 50,098 shares of the company’s stock worth $4,984,000 after purchasing an additional 44,180 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other 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.