Vertiv (NYSE:VRT) Stock Price Down 26.7% - What's Next?

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s stock price was down 26.7% on Monday . The stock traded as low as $107.50 and last traded at $107.29. Approximately 21,644,127 shares traded hands during trading, an increase of 190% from the average daily volume of 7,455,571 shares. The stock had previously closed at $146.32.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on VRT shares. UBS Group initiated coverage on shares of Vertiv in a report on Wednesday, November 13th. They issued a "buy" rating and a $155.00 target price for the company. Melius Research reaffirmed a "hold" rating and set a $125.00 price target on shares of Vertiv in a research note on Tuesday. Jefferies Financial Group began coverage on shares of Vertiv in a research note on Monday, October 7th. They set a "buy" rating and a $125.00 price objective for the company. Citigroup increased their price objective on Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Finally, Barclays began coverage on Vertiv in a report on Thursday, December 12th. They set an "equal weight" rating and a $142.00 target price for the company. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Vertiv currently has a consensus rating of "Moderate Buy" and a consensus price target of $139.36.

Vertiv Price Performance

The company has a 50 day moving average price of $127.16 and a 200 day moving average price of $105.72. The firm has a market cap of $41.55 billion, a PE ratio of 73.80, a price-to-earnings-growth ratio of 1.16 and a beta of 1.63. 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.0375 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. This is an increase from Vertiv's previous quarterly dividend of $0.03. Vertiv's dividend payout ratio (DPR) is currently 6.67%.

Insider Activity at Vertiv

In other news, Director Jakki L. Haussler sold 15,347 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the completion of the transaction, the director now directly owns 3,425 shares of the company's stock, valued at approximately $470,526.50. This represents a 81.75 % 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 the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the firm's stock in a transaction that occurred 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 sale, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. The trade was a 61.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Vertiv

Several large investors have recently bought and sold shares of VRT. Silverleafe Capital Partners LLC acquired a new position in shares of Vertiv in the 4th quarter worth $4,219,000. Foundations Investment Advisors LLC boosted its holdings in shares of Vertiv by 7.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock worth $21,076,000 after buying an additional 13,559 shares during the period. Clearbridge Investments LLC increased its stake in shares of Vertiv by 15.4% in the second quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company's stock worth $221,013,000 after purchasing an additional 340,639 shares during the period. Whittier Trust Co. lifted its holdings in shares of Vertiv by 7.2% during the third quarter. Whittier Trust Co. now owns 127,210 shares of the company's stock worth $12,656,000 after buying an additional 8,579 shares during the last quarter. Finally, Janney Capital Management LLC acquired a new stake in Vertiv in the 3rd quarter worth $8,403,000. 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.

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