Vertiv (NYSE:VRT) Shares Down 8.3% - Should You Sell?

Shares of Vertiv Holdings Co (NYSE:VRT - Get Free Report) traded down 8.3% during mid-day trading on Wednesday . The stock traded as low as $110.75 and last traded at $112.96. 8,153,824 shares changed hands during trading, a decline of 17% from the average session volume of 9,807,051 shares. The stock had previously closed at $123.25.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Mizuho raised their price target on shares of Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. raised their price target on shares of Vertiv from $124.00 to $132.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 19th. Citigroup lifted their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Morgan Stanley assumed coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an "overweight" rating and a $150.00 price objective for the company. Finally, TD Cowen lifted their price objective on shares of Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $138.57.

Vertiv Price Performance

The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $40.60 billion, a P/E ratio of 72.12, a P/E/G ratio of 0.94 and a beta of 1.64. The business's fifty day moving average price is $122.50 and its 200-day moving average price is $109.03.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.15. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. During the same quarter in the prior year, the company posted $0.56 earnings per share. As a group, sell-side analysts predict that Vertiv Holdings Co will post 2.7 earnings per share for the current fiscal year.

Insider Transactions at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jan Van Dokkum sold 38,647 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the completion of the transaction, the director now owns 25,000 shares in the company, valued at $3,409,750. The trade was a 60.72 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 171,527 shares of company stock valued at $23,105,682. Insiders own 5.01% of the company's stock.

Hedge Funds Weigh In On Vertiv

Hedge funds have recently modified their holdings of the company. Silverleafe Capital Partners LLC purchased a new position in shares of Vertiv in the fourth quarter valued at about $4,219,000. Foundations Investment Advisors LLC increased its position in shares of Vertiv by 7.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock valued at $21,076,000 after acquiring an additional 13,559 shares during the period. Whittier Trust Co. increased its position in shares of Vertiv by 7.2% in the third quarter. Whittier Trust Co. now owns 127,210 shares of the company's stock valued at $12,656,000 after acquiring an additional 8,579 shares during the period. Janney Capital Management LLC purchased a new position in shares of Vertiv in the third quarter valued at about $8,403,000. Finally, Gordian Capital Singapore Pte Ltd increased its position in shares of Vertiv by 112.5% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company's stock valued at $846,000 after buying an additional 4,500 shares during the period. Hedge funds and other 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.