Vertiv (NYSE:VRT) Stock Price Down 3.1% - What's Next?

Vertiv Holdings Co (NYSE:VRT - Get Free Report) traded down 3.1% during trading on Wednesday . The company traded as low as $125.20 and last traded at $126.57. 1,637,571 shares were traded during mid-day trading, a decline of 74% from the average session volume of 6,181,443 shares. The stock had previously closed at $130.64.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. UBS Group assumed coverage on Vertiv in a research report on Wednesday, November 13th. They issued a "buy" rating and a $155.00 target price on the stock. TD Cowen upped their price objective on Vertiv from $115.00 to $141.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. upped their price objective on Vertiv from $124.00 to $132.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 19th. Evercore ISI upped their price objective on Vertiv from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, Jefferies Financial Group assumed coverage on Vertiv in a research report on Monday, October 7th. They issued a "buy" rating and a $125.00 price objective on the stock. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $140.92.

Vertiv Trading Down 1.0 %

The company has a 50 day moving average of $123.90 and a 200 day moving average of $101.54. 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 stock has a market capitalization of $48.55 billion, a price-to-earnings ratio of 86.23, a P/E/G ratio of 1.29 and a beta of 1.63.

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

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. This is an increase from Vertiv's previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv's dividend payout ratio (DPR) is presently 6.67%.

Insider Buying and Selling

In related news, Director Jakki L. Haussler sold 15,347 shares of the firm'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 completion of the transaction, the director now directly owns 3,425 shares in the company, valued at $470,526.50. This trade represents a 81.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Stephen Liang sold 86,619 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president now owns 19,551 shares of the company's stock, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vertiv

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. ORG Partners LLC boosted its holdings in Vertiv by 25.1% during the 3rd quarter. ORG Partners LLC now owns 458 shares of the company's stock valued at $46,000 after acquiring an additional 92 shares during the period. Allworth Financial LP boosted its stake in shares of Vertiv by 18.6% in the 3rd quarter. Allworth Financial LP now owns 638 shares of the company's stock valued at $63,000 after buying an additional 100 shares during the period. NBC Securities Inc. boosted its stake in shares of Vertiv by 0.9% in the 3rd quarter. NBC Securities Inc. now owns 13,125 shares of the company's stock valued at $1,305,000 after buying an additional 112 shares during the period. Diversified Trust Co boosted its stake in shares of Vertiv by 0.4% in the 4th quarter. Diversified Trust Co now owns 32,688 shares of the company's stock valued at $3,714,000 after buying an additional 123 shares during the period. Finally, Nvwm LLC boosted its stake in shares of Vertiv by 1.3% in the 3rd quarter. Nvwm LLC now owns 10,035 shares of the company's stock valued at $998,000 after buying an additional 124 shares during the period. 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.