Vertiv (NYSE:VRT) Stock Price Down 0.2% - Time to Sell?

Shares of Vertiv Holdings Co (NYSE:VRT - Get Free Report) were down 0.2% during trading on Thursday . The stock traded as low as $112.91 and last traded at $113.94. Approximately 2,645,639 shares changed hands during trading, a decline of 67% from the average daily volume of 8,078,632 shares. The stock had previously closed at $114.12.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Vertiv from $124.00 to $132.00 and gave the company an "overweight" rating in a research note on Tuesday, November 19th. The Goldman Sachs Group boosted their price objective on shares of Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Evercore ISI upped their price objective on Vertiv from $125.00 to $135.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Oppenheimer lifted their target price on Vertiv from $121.00 to $131.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Finally, Bank of America upped their price target on Vertiv from $130.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, October 24th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Vertiv presently has an average rating of "Moderate Buy" and an average price target of $140.09.

Vertiv Stock Performance

The company has a market cap of $43.33 billion, a P/E ratio of 76.96, a P/E/G ratio of 1.29 and a beta of 1.61. 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 business has a fifty day simple moving average of $121.39 and a two-hundred day simple moving average of $98.68.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. The firm had revenue of $2.07 billion for 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 business's quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 EPS. On average, sell-side analysts anticipate that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.0375 per share. This is an increase from Vertiv's previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.13%. Vertiv's payout ratio is presently 6.67%.

Insider Buying and Selling

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction that occurred 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the stock in a transaction on Friday, November 22nd. The stock was 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 directly owns 19,448 shares of the company's stock, valued at approximately $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. 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 company insiders.

Hedge Funds Weigh In On Vertiv

Several large investors have recently made changes to their positions in VRT. State Street Corp raised its stake in Vertiv by 4.2% during the 3rd quarter. State Street Corp now owns 7,635,081 shares of the company's stock valued at $759,614,000 after purchasing an additional 308,704 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Vertiv by 7.4% in the third quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company's stock worth $592,433,000 after buying an additional 408,054 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Vertiv by 10,825.0% in the third quarter. Jennison Associates LLC now owns 4,600,415 shares of the company's stock worth $457,695,000 after buying an additional 4,558,306 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Vertiv by 271.0% during the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company's stock worth $389,548,000 after acquiring an additional 2,860,181 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in Vertiv during the second quarter valued at $331,091,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

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.