Vertiv (NYSE:VRT) Stock Price Down 2.8% - Should You Sell?

Vertiv Holdings Co (NYSE:VRT - Get Free Report) shares were down 2.8% during mid-day trading on Tuesday . The stock traded as low as $126.01 and last traded at $130.28. Approximately 3,188,889 shares traded hands during trading, a decline of 48% from the average daily volume of 6,168,695 shares. The stock had previously closed at $134.08.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Fox Advisors initiated coverage on Vertiv in a research report on Monday. They set an "equal weight" rating for the company. Mizuho raised their price objective 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. Bank of America boosted their price target on shares of Vertiv from $130.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, October 24th. UBS Group started coverage on shares of Vertiv in a research report on Wednesday, November 13th. They issued a "buy" rating and a $155.00 target price for the company. Finally, Morgan Stanley initiated coverage on Vertiv in a research report on Monday. They set an "overweight" rating and a $150.00 target price for the company. Two 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, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $140.92.

Vertiv Trading Down 2.7 %

The company's 50-day moving average is $123.23 and its 200-day moving average is $101.06. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The firm has a market cap of $48.96 billion, a price-to-earnings ratio of 86.97, a P/E/G ratio of 1.29 and a beta of 1.63.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The company had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $1.98 billion. During the same period in the prior year, the business posted $0.52 EPS. Vertiv's revenue was up 19.0% on a year-over-year basis. On average, research analysts predict that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued a $0.0375 dividend. This is a boost from Vertiv's previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. Vertiv's dividend payout ratio (DPR) is presently 6.67%.

Insiders Place Their Bets

In other news, Director Jakki L. Haussler sold 15,347 shares of the business's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the sale, the director now directly owns 3,425 shares in the company, valued at approximately $470,526.50. The trade was a 81.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of Vertiv 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 transaction, the insider now directly owns 19,448 shares of the company's stock, valued at $2,751,114.08. This represents a 61.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock valued at $23,105,682 over the last 90 days. 5.01% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vertiv

Hedge funds have recently bought and sold shares of the company. Diversified Trust Co raised its holdings in Vertiv by 0.4% during the 4th quarter. Diversified Trust Co now owns 32,688 shares of the company's stock valued at $3,714,000 after acquiring an additional 123 shares during the period. Silverleafe Capital Partners LLC purchased a new position in shares of Vertiv in the 4th quarter worth about $4,219,000. Neville Rodie & Shaw Inc. raised its stake in shares of Vertiv by 160.2% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 41,555 shares of the company's stock worth $4,721,000 after acquiring an additional 25,585 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Vertiv by 3,417.9% during the fourth quarter. Nordea Investment Management AB now owns 964,104 shares of the company's stock valued at $110,544,000 after buying an additional 936,698 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new position in shares of Vertiv in the fourth quarter valued at about $862,000. 89.92% of the stock is 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.