Vertiv (NYSE:VRT) Stock Price Down 2.6% – Time to Sell?

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on VRT. TD Cowen increased their target price on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer raised their target price on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Mizuho increased their price target on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. upped their price objective on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Finally, The Goldman Sachs Group lifted their target price on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and an average price target of $140.09.

Vertiv Trading Down 0.6 %

The stock has a market cap of $44.78 billion, a P/E ratio of 79.54, a PEG ratio of 1.29 and a beta of 1.61. The firm’s fifty day moving average price is $121.55 and its two-hundred day moving average price is $98.89. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last issued its quarterly earnings results 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. The firm had revenue of $2.07 billion during 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 quarter last year, the company posted $0.52 EPS. As a group, equities research analysts forecast that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

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

Insider Buying and Selling

In related news, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 19,551 shares in the company, valued at $2,562,549.57. The trade was a 81.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the transaction, the director now owns 3,425 shares in the company, valued at $470,526.50. The trade was a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 171,527 shares of company stock worth $23,105,682. Corporate insiders own 5.01% of the company’s stock.

Institutional Trading of Vertiv

Several hedge funds have recently added to or reduced their stakes in VRT. Fifth Third Bancorp lifted its position in Vertiv by 262.5% in the second quarter. Fifth Third Bancorp now owns 1,033 shares of the company’s stock valued at $89,000 after purchasing an additional 748 shares during the last quarter. Raymond James Trust N.A. purchased a new stake in Vertiv during the 2nd quarter valued at $226,000. Cambridge Investment Research Advisors Inc. grew its holdings in Vertiv by 116.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 47,016 shares of the company’s stock worth $4,070,000 after acquiring an additional 25,266 shares during the last quarter. AustralianSuper Pty Ltd purchased a new position in shares of Vertiv in the second quarter valued at about $698,000. Finally, MWA Asset Management bought a new position in shares of Vertiv during the second quarter valued at about $332,000. 89.92% of the stock is 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.