Vertiv (NYSE:VRT) Shares Gap Down - Time to Sell?

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $123.25, but opened at $111.08. Vertiv shares last traded at $112.52, with a volume of 5,840,777 shares trading hands.

Analysts Set New Price Targets

VRT has been the subject of a number of recent research reports. Citigroup upped their price target on Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Melius cut shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target on the stock. in a research report on Tuesday, January 28th. Oppenheimer raised their price objective on Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. UBS Group began coverage on Vertiv in a report on Wednesday, November 13th. They set a "buy" rating and a $155.00 target price on the stock. Finally, Fox Advisors initiated coverage on Vertiv in a research note on Monday, January 6th. They issued an "equal weight" rating for the company. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Vertiv presently has an average rating of "Moderate Buy" and an average target price of $138.57.

Vertiv Stock Performance

The firm has a market cap of $40.60 billion, a price-to-earnings ratio of 72.12, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64. The stock's 50 day moving average is $122.86 and its 200 day moving average is $108.79. 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 - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. During the same quarter in the prior year, the company earned $0.56 earnings per share. Analysts anticipate that Vertiv Holdings Co will post 2.7 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Stephen Liang sold 86,619 shares of the business's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the transaction, the executive vice president now 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 Securities & Exchange Commission, which is available through this link. Also, Director Jan Van Dokkum sold 38,647 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the sale, the director now owns 25,000 shares in the company, valued at $3,409,750. The trade was a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock worth $23,105,682 in the last quarter. Corporate insiders own 5.01% of the company's stock.

Hedge Funds Weigh In On Vertiv

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SOA Wealth Advisors LLC. bought a new position in shares of Vertiv in the 4th quarter valued at $26,000. Global Trust Asset Management LLC bought a new position in Vertiv in the third quarter valued at about $30,000. Mark Sheptoff Financial Planning LLC boosted its stake in shares of Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Vertiv during the third quarter worth about $30,000. Finally, OLD Second National Bank of Aurora bought a new stake in shares of Vertiv during the fourth quarter worth about $30,000. Institutional investors own 89.92% of the company's stock.

About Vertiv

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.