Vertiv (NYSE:VRT) Trading Down 2.7% - What's Next?

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s share price dropped 2.7% on Wednesday . The stock traded as low as $106.89 and last traded at $107.03. Approximately 1,617,160 shares changed hands during trading, a decline of 84% from the average daily volume of 9,943,760 shares. The stock had previously closed at $109.96.

Wall Street Analysts Forecast Growth

VRT has been the topic of several research analyst reports. TD Cowen boosted their price target on Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. The Goldman Sachs Group boosted their price target on Vertiv from $126.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. boosted their price target on Vertiv from $124.00 to $132.00 and gave the company an "overweight" rating in a research note on Tuesday, November 19th. Evercore ISI lowered their target price on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, January 17th. Finally, Barclays lowered their target price on Vertiv from $142.00 to $131.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Vertiv presently has an average rating of "Moderate Buy" and a consensus price target of $138.57.

Vertiv Stock Down 8.5 %

The business has a fifty day simple moving average of $120.90 and a 200 day simple moving average of $109.46. The firm has a market cap of $36.00 billion, a price-to-earnings ratio of 74.93, a PEG ratio of 1.10 and a beta of 1.64. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the previous year, the company earned $0.56 earnings per share. As a group, equities analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Insider Buying and Selling at Vertiv

In related news, Director Jan Van Dokkum sold 38,647 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $136.39, for a total value of $5,271,064.33. Following the completion of the sale, the director now owns 25,000 shares of the company's stock, valued at approximately $3,409,750. This trade represents a 60.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen Liang sold 86,619 shares of the 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 approximately $2,562,549.57. This represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.01% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Vertiv by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock worth $4,130,415,000 after acquiring an additional 1,244,780 shares during the period. Jennison Associates LLC grew its position in Vertiv by 68.6% in the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock worth $880,971,000 after acquiring an additional 3,153,932 shares during the period. State Street Corp grew its position in Vertiv by 4.2% in the third quarter. State Street Corp now owns 7,635,081 shares of the company's stock worth $759,614,000 after acquiring an additional 308,704 shares during the period. Geode Capital Management LLC grew its position in Vertiv by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock worth $688,260,000 after acquiring an additional 99,181 shares during the period. Finally, Massachusetts Financial Services Co. MA purchased a new position in Vertiv in the fourth quarter worth approximately $597,379,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

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.