Vertiv (NYSE:VRT) Trading Down 1.9%

Vertiv Holdings Co (NYSE:VRT - Get Free Report) traded down 1.9% during mid-day trading on Monday . The company traded as low as $83.93 and last traded at $84.11. 1,536,865 shares were traded during trading, a decline of 82% from the average session volume of 8,537,362 shares. The stock had previously closed at $85.76.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Evercore ISI reaffirmed an "outperform" rating and set a $105.00 price objective on shares of Vertiv in a report on Thursday, August 15th. Mizuho raised shares of Vertiv from a "neutral" rating to an "outperform" rating and lowered their price target for the stock from $95.00 to $92.00 in a research note on Wednesday, August 7th. TD Cowen boosted their price target on shares of Vertiv from $89.00 to $93.00 and gave the stock a "buy" rating in a research note on Thursday, July 25th. Finally, The Goldman Sachs Group lowered their price target on shares of Vertiv from $116.00 to $104.00 and set a "buy" rating for the company in a research note on Thursday, July 25th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Vertiv has a consensus rating of "Buy" and an average target price of $102.13.

Vertiv Price Performance

The business's 50-day simple moving average is $79.64 and its 200-day simple moving average is $84.91. The stock has a market cap of $32.56 billion, a PE ratio of 83.64, a PEG ratio of 1.08 and a beta of 1.58. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.10. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The company had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the previous year, the company earned $0.46 earnings per share. Vertiv's quarterly revenue was up 12.6% on a year-over-year basis. On average, research analysts expect that Vertiv Holdings Co will post 2.58 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Tuesday, September 17th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.11%. The ex-dividend date of this dividend is Tuesday, September 17th. Vertiv's dividend payout ratio is currently 9.62%.

Insider Activity 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 owns 10,542 shares in the company, valued at $843,254.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.01% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Vertiv

A number of institutional investors and hedge funds have recently made changes to their positions in VRT. Norges Bank bought a new position in shares of Vertiv during the fourth quarter valued at approximately $185,339,000. Massachusetts Financial Services Co. MA bought a new position in shares of Vertiv during the second quarter valued at approximately $331,091,000. Price T Rowe Associates Inc. MD increased its stake in shares of Vertiv by 303.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company's stock valued at $390,143,000 after purchasing an additional 3,591,903 shares in the last quarter. Coatue Management LLC increased its stake in shares of Vertiv by 19.5% during the fourth quarter. Coatue Management LLC now owns 13,811,848 shares of the company's stock valued at $663,383,000 after purchasing an additional 2,249,353 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Vertiv by 5.5% during the first quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company's stock valued at $2,745,930,000 after purchasing an additional 1,766,784 shares in the last quarter. 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.