Vertiv (NYSE:VRT) Shares Down 0.2% – Time to Sell?

Vertiv Holdings Co (NYSE:VRT) dropped 0.2% on Thursday . The company traded as low as $112.91 and last traded at $113.94. Approximately 2,645,639 shares changed hands during trading, a decline of 67% from the average daily volume of 8,078,632 shares. The stock had previously closed at $114.12.

Analysts Set New Price Targets

A number of analysts have commented on VRT shares. Evercore ISI upped their price target on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Bank of America raised their target price on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Jefferies Financial Group began coverage on Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 price target on the stock. JPMorgan Chase & Co. increased their price target on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Finally, The Goldman Sachs Group lifted their price objective on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $140.09.

Vertiv Stock Up 4.0 %

The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The stock has a market capitalization of $45.06 billion, a P/E ratio of 80.03, a price-to-earnings-growth ratio of 1.29 and a beta of 1.61. The stock has a fifty day moving average price of $121.55 and a 200 day moving average price of $98.84.

Vertiv (NYSE:VRT) last posted its 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. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the firm earned $0.52 EPS. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. On average, research analysts forecast 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 was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.12%. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

Insider Transactions at Vertiv

In related news, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction that occurred 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 directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the completion of the transaction, the director now directly owns 3,425 shares in the company, valued at $470,526.50. The trade was a 81.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is currently owned by company 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 valued at about $26,000. Krane Funds Advisors LLC purchased a new position in Vertiv in the 3rd quarter worth approximately $29,000. Global Trust Asset Management LLC bought a new stake in Vertiv in the third quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC boosted its position in Vertiv by 200.0% during 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 during the period. Finally, Brooklyn Investment Group purchased a new stake in shares of Vertiv during the third quarter worth about $30,000. 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.