Vertiv (NYSE:VRT) Trading Down 3% – Here’s What Happened

Vertiv Holdings Co (NYSE:VRT)’s share price fell 3% on Friday . The stock traded as low as $122.14 and last traded at $125.39. 2,174,351 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 5,915,102 shares. The stock had previously closed at $129.27.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on VRT shares. UBS Group initiated coverage on Vertiv in a research report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price on the stock. Oppenheimer raised their price target on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. TD Cowen lifted their target price on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Mizuho upped their price target on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, Evercore ISI boosted their target price on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.92.

Vertiv Stock Down 0.2 %

The firm has a market capitalization of $48.40 billion, a price-to-earnings ratio of 85.97, a PEG ratio of 1.29 and a beta of 1.63. The business’s fifty day moving average price is $124.74 and its 200 day moving average price is $102.08. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The business’s revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.52 earnings per share. On average, equities analysts expect that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. Vertiv’s dividend payout ratio (DPR) is 6.67%.

Insiders Place Their Bets

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the sale, the insider now directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jakki L. Haussler sold 15,347 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 3,425 shares in the company, valued at $470,526.50. This trade represents a 81.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VRT. ORG Partners LLC grew its position in shares of Vertiv by 25.1% in the third quarter. ORG Partners LLC now owns 458 shares of the company’s stock valued at $46,000 after purchasing an additional 92 shares during the period. Allworth Financial LP boosted its holdings in Vertiv by 18.6% in the third quarter. Allworth Financial LP now owns 638 shares of the company’s stock valued at $63,000 after acquiring an additional 100 shares during the last quarter. NBC Securities Inc. increased its stake in Vertiv by 0.9% during the third quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock worth $1,305,000 after acquiring an additional 112 shares during the last quarter. Diversified Trust Co increased its position in Vertiv by 0.4% during the 4th quarter. Diversified Trust Co now owns 32,688 shares of the company’s stock worth $3,714,000 after purchasing an additional 123 shares in the last quarter. Finally, Nvwm LLC increased its position in shares of Vertiv by 1.3% in the third quarter. Nvwm LLC now owns 10,035 shares of the company’s stock worth $998,000 after acquiring an additional 124 shares in the last quarter. Institutional investors and hedge funds 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.