Vertiv (NYSE:VRT) Stock Price Down 4.8% - Should You Sell?

Vertiv Holdings Co (NYSE:VRT - Get Free Report) shares traded down 4.8% during trading on Monday . The company traded as low as $118.70 and last traded at $122.79. 3,069,227 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 5,929,830 shares. The stock had previously closed at $128.93.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Morgan Stanley started coverage on shares of Vertiv in a research note on Monday, January 6th. They set an "overweight" rating and a $150.00 price target for the company. Mizuho raised their price target on Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. Fox Advisors began coverage on shares of Vertiv in a report on Monday, January 6th. They set an "equal weight" rating on the stock. Barclays began coverage on shares of Vertiv in a research report on Thursday, December 12th. They set an "equal weight" rating and a $142.00 price objective for the company. Finally, Citigroup upped their target price on shares of Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $140.92.

Vertiv Trading Up 2.3 %

The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The stock has a market cap of $49.52 billion, a price-to-earnings ratio of 87.95, a PEG ratio of 1.29 and a beta of 1.63. The business's 50 day simple moving average is $125.42 and its 200 day simple moving average is $102.74.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.07. The firm 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 company's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 earnings per share. On average, research analysts expect that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a boost from Vertiv's previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.11%. Vertiv's payout ratio is currently 6.67%.

Insider Transactions at Vertiv

In other news, insider Anand Sanghi sold 30,914 shares of the company's 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 directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. This represents a 61.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the firm's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the transaction, the executive vice president now directly owns 19,551 shares of the company's stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Accurate Wealth Management LLC lifted its position in shares of Vertiv by 4.1% in the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company's stock worth $254,000 after purchasing an additional 87 shares during the period. ORG Partners LLC lifted its stake in shares of Vertiv by 25.1% in the 3rd 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 position in shares of Vertiv by 18.6% during the 3rd quarter. Allworth Financial LP now owns 638 shares of the company's stock valued at $63,000 after purchasing an additional 100 shares in the last quarter. NBC Securities Inc. grew 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 purchasing an additional 112 shares during the period. Finally, Bouvel Investment Partners LLC increased its holdings in Vertiv by 1.1% in the fourth quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company's stock worth $1,261,000 after purchasing an additional 117 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.