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Vertiv (NYSE:VRT) Trading Down 1.4% - Time to Sell?

Vertiv logo with Computer and Technology background

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s stock price dropped 1.4% on Friday . The stock traded as low as $123.08 and last traded at $123.29. Approximately 4,988,689 shares changed hands during trading, a decline of 38% from the average daily volume of 8,103,466 shares. The stock had previously closed at $125.04.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. TD Cowen boosted their target price on Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Evercore ISI upped their price objective on shares of Vertiv from $125.00 to $135.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. UBS Group assumed coverage on shares of Vertiv in a research report on Wednesday, November 13th. They set a "buy" rating and a $155.00 target price for the company. Oppenheimer increased their target price on Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. Finally, Bank of America boosted their target price on shares of Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, Vertiv presently has an average rating of "Moderate Buy" and a consensus target price of $140.09.

Get Our Latest Research Report on Vertiv

Vertiv Trading Up 0.2 %

The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The business's 50 day simple moving average is $120.03 and its 200 day simple moving average is $98.07. The stock has a market cap of $47.03 billion, a P/E ratio of 82.19, a PEG ratio of 1.29 and a beta of 1.61.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping 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 business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the company earned $0.52 EPS. Vertiv's revenue was up 19.0% on a year-over-year basis. On average, analysts expect that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.0375 per share. This is a positive change from Vertiv's previous quarterly dividend of $0.03. The ex-dividend date of this dividend is 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%.

Insider Buying and Selling

In related news, Director Jan Van Dokkum sold 38,647 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the transaction, the director now directly owns 25,000 shares in the company, valued at approximately $3,409,750. The trade was a 60.72 % decrease in their ownership of the stock. The sale 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 stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the sale, 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. In the last three months, insiders sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vertiv

Hedge funds have recently bought and sold shares of the company. ORG Partners LLC raised its position in shares of Vertiv by 25.1% in the third quarter. ORG Partners LLC now owns 458 shares of the company's stock valued at $46,000 after purchasing an additional 92 shares during the period. Allworth Financial LP lifted its position in Vertiv by 18.6% during the third quarter. Allworth Financial LP now owns 638 shares of the company's stock worth $63,000 after acquiring an additional 100 shares during the last quarter. NBC Securities Inc. boosted its holdings in shares of 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 during the period. Nvwm LLC grew its position in shares of Vertiv by 1.3% in the third quarter. Nvwm LLC now owns 10,035 shares of the company's stock valued at $998,000 after purchasing an additional 124 shares during the last quarter. Finally, Callan Family Office LLC increased its stake in shares of Vertiv by 0.9% during the third quarter. Callan Family Office LLC now owns 14,989 shares of the company's stock worth $1,491,000 after purchasing an additional 137 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Company Profile

(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.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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