Vertiv (NYSE:VRT) Trading Down 4.8% - Here's Why

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s stock price fell 4.8% during mid-day trading on Monday . The stock traded as low as $118.70 and last traded at $122.79. 3,069,227 shares traded hands during trading, a decline of 48% from the average session volume of 5,929,830 shares. The stock had previously closed at $128.93.

Wall Street Analyst Weigh In

Several equities analysts recently commented on VRT shares. TD Cowen boosted their target price on Vertiv from $115.00 to $141.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Barclays initiated coverage on Vertiv in a report on Thursday, December 12th. They set an "equal weight" rating and a $142.00 price objective for the company. Citigroup raised their target price on shares of Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Jefferies Financial Group began coverage on shares of Vertiv in a research note on Monday, October 7th. They issued a "buy" rating and a $125.00 price target for the company. Finally, Evercore ISI raised their price objective on shares of Vertiv from $125.00 to $135.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Vertiv presently has a consensus rating of "Moderate Buy" and an average price target of $140.92.

Vertiv Stock Performance

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 company has a fifty day moving average price of $125.10 and a 200 day moving average price of $102.45. The stock has a market cap of $46.56 billion, a PE ratio of 82.71, 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, topping 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 business had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $1.98 billion. During the same period in the previous year, the firm earned $0.52 EPS. The business's quarterly revenue was up 19.0% on a year-over-year basis. Analysts expect that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a yield of 0.12%. This is a boost from Vertiv's previous quarterly dividend of $0.03. Vertiv's dividend payout ratio is presently 6.67%.

Insider Buying and Selling at Vertiv

In other news, insider Anand Sanghi sold 30,914 shares of the business's stock in a transaction that occurred 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 approximately $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the company'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 transaction, the executive vice president now 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. Over the last quarter, insiders have sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vertiv

Hedge funds and other institutional investors have recently modified their holdings of the stock. ORG Partners LLC lifted its position in Vertiv by 25.1% during the third quarter. ORG Partners LLC now owns 458 shares of the company's stock valued at $46,000 after buying an additional 92 shares during the period. Allworth Financial LP lifted its position in Vertiv by 18.6% during the 3rd quarter. Allworth Financial LP now owns 638 shares of the company's stock valued at $63,000 after acquiring an additional 100 shares during the period. NBC Securities Inc. boosted its stake in Vertiv by 0.9% during the third quarter. NBC Securities Inc. now owns 13,125 shares of the company's stock worth $1,305,000 after acquiring an additional 112 shares in the last quarter. Diversified Trust Co boosted its stake in Vertiv by 0.4% during the fourth quarter. Diversified Trust Co now owns 32,688 shares of the company's stock worth $3,714,000 after acquiring an additional 123 shares in the last quarter. Finally, Nvwm LLC grew its holdings in Vertiv by 1.3% in the third quarter. Nvwm LLC now owns 10,035 shares of the company's stock worth $998,000 after purchasing an additional 124 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.

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.