Vertiv (NYSE:VRT) Trading Down 2.7% – Time to Sell?

Vertiv Holdings Co (NYSE:VRT)’s share price was down 2.7% on Wednesday . The stock traded as low as $106.89 and last traded at $107.03. Approximately 1,617,160 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 9,943,760 shares. The stock had previously closed at $109.96.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VRT. TD Cowen lifted their target price on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Fox Advisors began coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating on the stock. Bank of America increased their target price on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Mizuho lifted their price target on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, UBS Group started coverage on Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

Vertiv Stock Down 1.6 %

The firm has a market cap of $40.63 billion, a PE ratio of 84.64, a P/E/G ratio of 1.10 and a beta of 1.64. 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 business has a fifty day moving average price of $122.27 and a two-hundred day moving average price of $109.31.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates 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 quarter last year, the firm posted $0.56 earnings per share. On average, analysts anticipate that Vertiv Holdings Co will post 3.58 EPS for the current fiscal year.

Insider Buying and Selling at Vertiv

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

Institutional Trading of Vertiv

Several large investors have recently added to or reduced their stakes in VRT. Creative Planning lifted its stake in shares of Vertiv by 20.2% in the 3rd quarter. Creative Planning now owns 43,618 shares of the company’s stock valued at $4,340,000 after purchasing an additional 7,341 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Vertiv by 360.1% in the third quarter. Blue Trust Inc. now owns 3,336 shares of the company’s stock worth $332,000 after buying an additional 2,611 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Vertiv by 15.0% during the 3rd quarter. Raymond James & Associates now owns 624,173 shares of the company’s stock worth $62,099,000 after acquiring an additional 81,434 shares in the last quarter. Venture Visionary Partners LLC acquired a new position in shares of Vertiv during the 3rd quarter valued at about $1,052,000. Finally, Copeland Capital Management LLC bought a new position in shares of Vertiv in the 3rd quarter valued at approximately $143,000. 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.