Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s stock price dropped 1% on Thursday . The stock traded as low as $125.20 and last traded at $129.35. Approximately 4,113,388 shares were traded during trading, a decline of 39% from the average daily volume of 6,702,735 shares. The stock had previously closed at $130.64.
Wall Street Analyst Weigh In
Several analysts recently issued reports on VRT shares. Barclays began coverage on Vertiv in a research note on Thursday, December 12th. They issued an "equal weight" rating and a $142.00 price target for the company. Fox Advisors started coverage on Vertiv in a research report on Monday. They set an "equal weight" rating on the stock. Bank of America raised their target price on shares of Vertiv from $130.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, October 24th. TD Cowen lifted their price objective on shares of Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Finally, The Goldman Sachs Group upped their target price on Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $140.92.
View Our Latest Stock Report on VRT
Vertiv Stock Performance
The company has a market capitalization of $48.55 billion, a P/E ratio of 86.23, a price-to-earnings-growth ratio of 1.29 and a beta of 1.63. The stock's 50 day moving average price is $124.30 and its 200 day moving average price is $101.73. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.
Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (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 company had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $1.98 billion. During the same period last year, the business earned $0.52 EPS. Vertiv's quarterly revenue was up 19.0% compared to the same quarter last year. As a group, equities analysts expect that Vertiv Holdings Co will post 2.69 EPS for the current year.
Vertiv Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were given a $0.0375 dividend. This is a boost from Vertiv's previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a yield of 0.12%. Vertiv's dividend payout ratio (DPR) is presently 6.67%.
Insiders Place Their Bets
In other Vertiv news, Director Jakki L. Haussler sold 15,347 shares of the company's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the transaction, the director now owns 3,425 shares in the company, valued at $470,526.50. This represents a 81.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the firm's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the sale, the insider now directly owns 19,448 shares of the company's stock, valued at approximately $2,751,114.08. This represents a 61.38 % 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. Corporate insiders own 5.01% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of VRT. Principal Financial Group Inc. lifted its stake in Vertiv by 6.1% in the second quarter. Principal Financial Group Inc. now owns 31,208 shares of the company's stock valued at $2,702,000 after purchasing an additional 1,789 shares during the last quarter. TD Asset Management Inc grew its stake in shares of Vertiv by 2.2% during the 2nd quarter. TD Asset Management Inc now owns 57,812 shares of the company's stock worth $5,005,000 after acquiring an additional 1,222 shares during the period. Private Advisor Group LLC increased its holdings in Vertiv by 24.1% in the 2nd quarter. Private Advisor Group LLC now owns 36,866 shares of the company's stock worth $3,191,000 after acquiring an additional 7,163 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Vertiv by 166.5% in the 2nd quarter. Acadian Asset Management LLC now owns 10,677 shares of the company's stock worth $922,000 after acquiring an additional 6,670 shares during the last quarter. Finally, Varma Mutual Pension Insurance Co bought a new stake in Vertiv in the 2nd quarter valued at about $3,030,000. 89.92% of the stock is owned by institutional investors.
About Vertiv
(
Get Free Report)
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.
Read More
Before you consider Vertiv, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vertiv wasn't on the list.
While Vertiv currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.