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

Vertiv Holdings Co (NYSE:VRT) shares were down 1.2% on Tuesday . The stock traded as low as $114.10 and last traded at $114.72. Approximately 912,378 shares were traded during trading, a decline of 89% from the average daily volume of 7,971,463 shares. The stock had previously closed at $116.16.

Analyst Ratings Changes

VRT has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. TD Cowen boosted their price objective on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Barclays assumed coverage on Vertiv in a research note on Thursday, December 12th. They set an “equal weight” rating and a $142.00 target price for the company. Mizuho boosted their price target on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, Jefferies Financial Group started coverage on Vertiv in a report on Monday, October 7th. They set a “buy” rating and a $125.00 price target on the stock. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $140.09.

Vertiv Trading Down 0.9 %

The firm has a market cap of $43.22 billion, a price-to-earnings ratio of 76.76, a P/E/G ratio of 1.29 and a beta of 1.61. The firm’s 50-day moving average is $122.17 and its 200-day moving average is $99.91. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the company earned $0.52 earnings per share. The business’s revenue was up 19.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

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

Insider Activity at Vertiv

In related news, insider Anand Sanghi sold 30,914 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the sale, the insider now directly owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly 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. In the last three months, insiders sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is owned by insiders.

Institutional Investors Weigh In On Vertiv

A number of hedge funds have recently made changes to their positions in VRT. Anchor Investment Management LLC bought a new stake in shares of Vertiv in the 2nd quarter worth approximately $26,000. Krane Funds Advisors LLC bought a new stake in shares of Vertiv in the third quarter valued at $29,000. Global Trust Asset Management LLC purchased a new position in shares of Vertiv during the 3rd quarter valued at $30,000. Mark Sheptoff Financial Planning LLC grew its stake in shares of Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in Vertiv in the 3rd quarter worth about $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.