Vertiv (NYSE:VRT) Stock Price Down 0.3% – Time to Sell?

Vertiv Holdings Co (NYSE:VRT) was down 0.3% during trading on Tuesday . The company traded as low as $112.40 and last traded at $113.25. Approximately 1,215,283 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 8,324,557 shares. The stock had previously closed at $113.61.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on VRT shares. Evercore ISI raised their target price on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Jefferies Financial Group started coverage on shares of Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 price target on the stock. Mizuho upped their target price on Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. TD Cowen lifted their price objective on shares of Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Bank of America upped their target price on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, Vertiv has an average rating of “Buy” and a consensus target price of $122.11.

Vertiv Price Performance

The stock has a market capitalization of $41.11 billion, a price-to-earnings ratio of 105.49, a PEG ratio of 1.47 and a beta of 1.59. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90. The stock has a 50-day moving average price of $95.70 and a 200 day moving average price of $90.82.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. Vertiv’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period last year, the company earned $0.52 earnings per share. As a group, equities research analysts expect that Vertiv Holdings Co will post 2.58 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.09%. The ex-dividend date was Tuesday, September 17th. Vertiv’s payout ratio is 9.62%.

Insider Buying and Selling at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the transaction, the insider now directly owns 10,542 shares in the company, valued at approximately $843,254.58. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.01% of the stock is currently owned by insiders.

Institutional Trading of Vertiv

Hedge funds and other institutional investors have recently modified their holdings of the stock. Anchor Investment Management LLC acquired a new stake in shares of Vertiv during the second quarter valued at about $26,000. Mather Group LLC. grew its stake in Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares in the last quarter. Krane Funds Advisors LLC acquired a new stake in shares of Vertiv in the 3rd quarter valued at $29,000. Global Trust Asset Management LLC purchased a new stake in Vertiv during the third quarter worth approximately $30,000. Finally, OFI Invest Asset Management purchased a new position in shares of Vertiv in the 2nd quarter valued at $34,000. 89.92% of the stock is owned by institutional investors and hedge funds.

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.