Vertiv (NYSE:VRT) Shares Down 1% – Should You Sell?

Vertiv Holdings Co (NYSE:VRT) shares fell 1% on Monday . The stock traded as low as $105.86 and last traded at $108.18. 7,151,695 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 10,545,410 shares. The stock had previously closed at $109.28.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Citigroup boosted their price objective on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Mizuho boosted their price target on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Barclays cut their price objective on shares of Vertiv from $142.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Bank of America increased their target price on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Melius Research reissued a “hold” rating and set a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $138.57.

Vertiv Stock Down 2.1 %

The firm has a 50-day moving average of $122.27 and a two-hundred day moving average of $109.31. The company has a market capitalization of $40.40 billion, a PE ratio of 84.10, a price-to-earnings-growth ratio of 1.10 and a beta of 1.64. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.15. Vertiv had a return on equity of 69.69% and a net margin of 6.19%. During the same period in the prior year, the firm posted $0.56 EPS. Equities research analysts predict that Vertiv Holdings Co will post 3.58 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jan Van Dokkum sold 38,647 shares of Vertiv stock in a transaction on Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at $3,409,750. The trade was a 60.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the transaction, the insider now owns 19,448 shares in the company, valued at approximately $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 156,180 shares of company stock worth $20,997,311. Corporate insiders own 5.01% of the company’s stock.

Hedge Funds Weigh In On Vertiv

A number of large investors have recently made changes to their positions in the stock. Toronto Dominion Bank raised its stake in shares of Vertiv by 7.1% during the 4th quarter. Toronto Dominion Bank now owns 46,629 shares of the company’s stock worth $5,298,000 after buying an additional 3,108 shares during the last quarter. Richmond Investment Services LLC acquired a new stake in Vertiv in the 4th quarter worth about $700,000. Vega Investment Solutions purchased a new position in Vertiv during the fourth quarter worth approximately $1,625,000. Sunbelt Securities Inc. raised its position in shares of Vertiv by 13.6% in the 4th quarter. Sunbelt Securities Inc. now owns 15,533 shares of the company’s stock worth $1,804,000 after buying an additional 1,862 shares during the period. Finally, GTS Securities LLC grew its holdings in shares of Vertiv by 105.8% during the 4th quarter. GTS Securities LLC now owns 1,786 shares of the company’s stock worth $203,000 after purchasing an additional 32,729 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

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.