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

Vertiv Holdings Co (NYSE:VRT)’s share price traded down 2.6% on Monday . The stock traded as low as $115.60 and last traded at $116.97. 1,194,676 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 8,071,082 shares. The stock had previously closed at $120.04.

Analyst Ratings Changes

A number of brokerages have issued reports on VRT. Jefferies Financial Group assumed coverage on Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 price target for the company. Barclays began coverage on Vertiv in a research report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 target price for the company. Citigroup boosted their price target on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. UBS Group started coverage on shares of Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $140.09.

Vertiv Stock Performance

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 stock has a market capitalization of $44.57 billion, a PE ratio of 79.16, a PEG ratio of 1.29 and a beta of 1.61. The business’s 50 day moving average is $121.88 and its 200 day moving average is $99.33.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 55.33% and a net margin of 7.72%. 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 business posted $0.52 earnings per share. On average, equities research analysts predict that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a boost from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.13%. Vertiv’s dividend payout ratio is presently 6.67%.

Insider Buying and Selling

In other news, Director Jan Van Dokkum sold 38,647 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the transaction, the director now owns 25,000 shares of the company’s stock, valued at approximately $3,409,750. This represents a 60.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock valued at $23,105,682 in the last 90 days. Company insiders own 5.01% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Anchor Investment Management LLC bought a new position in shares of Vertiv in the 2nd quarter worth $26,000. Krane Funds Advisors LLC bought a new position in Vertiv in the third quarter worth about $29,000. Global Trust Asset Management LLC purchased a new stake in shares of Vertiv during the third quarter valued at about $30,000. Mark Sheptoff Financial Planning LLC boosted its holdings in shares of Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after buying an additional 200 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of Vertiv in the 3rd quarter worth approximately $30,000. 89.92% of the stock is currently owned by institutional investors.

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.