Vertiv (NYSE:VRT) Stock Price Down 1% - Here's Why

Vertiv Holdings Co (NYSE:VRT - Get Free Report) was down 1% on Monday . The stock traded as low as $105.86 and last traded at $108.18. Approximately 7,151,695 shares changed hands during trading, a decline of 32% from the average daily volume of 10,545,410 shares. The stock had previously closed at $109.28.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on VRT shares. JPMorgan Chase & Co. upped their target price on Vertiv from $124.00 to $132.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 19th. Citigroup increased their price target on Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, December 9th. UBS Group initiated coverage on Vertiv in a research note on Wednesday, November 13th. They issued a "buy" rating and a $155.00 price target for the company. Fox Advisors initiated coverage on Vertiv in a research note on Monday, January 6th. They issued an "equal weight" rating for the company. Finally, Melius Research reiterated a "hold" rating and issued a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $138.57.

Vertiv Stock Performance

The firm has a market capitalization of $39.24 billion, a P/E ratio of 81.69, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64. 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 50-day moving average of $121.49 and a 200-day moving average of $109.27.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly 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 69.69% and a net margin of 6.19%. During the same quarter in the prior year, the company posted $0.56 earnings per share. On average, equities analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the transaction, the insider now 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the firm's stock in a transaction that occurred 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. This trade represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 156,180 shares of company stock worth $20,997,311. Company insiders own 5.01% of the company's stock.

Hedge Funds Weigh In On Vertiv

Hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its position in shares of Vertiv by 8.1% during the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company's stock valued at $128,000 after buying an additional 84 shares during the last quarter. Prestige Wealth Management Group LLC lifted its stake in Vertiv by 2.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company's stock valued at $420,000 after acquiring an additional 85 shares in the last quarter. Accurate Wealth Management LLC boosted its holdings in Vertiv by 4.1% during the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company's stock worth $254,000 after acquiring an additional 87 shares during the last quarter. Horizon Investment Services LLC grew its stake in shares of Vertiv by 4.1% in the 4th quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock worth $274,000 after acquiring an additional 95 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC raised its holdings in shares of Vertiv by 3.1% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company's stock valued at $367,000 after purchasing an additional 97 shares during the last quarter. Institutional investors and hedge funds 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.