Vertiv (NYSE:VRT) Trading Down 3% - What's Next?

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s stock price dropped 3% on Friday . The company traded as low as $122.14 and last traded at $125.39. Approximately 2,174,351 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 5,915,102 shares. The stock had previously closed at $129.27.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Barclays began coverage on shares of Vertiv in a research report on Thursday, December 12th. They set an "equal weight" rating and a $142.00 target price for the company. JPMorgan Chase & Co. upped their target price on Vertiv from $124.00 to $132.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 19th. UBS Group started coverage on Vertiv in a research report on Wednesday, November 13th. They set a "buy" rating and a $155.00 price target for the company. 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. Finally, Evercore ISI raised their price objective on shares of Vertiv from $125.00 to $135.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Vertiv presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.92.

Vertiv Trading Down 0.2 %

The firm has a market cap of $48.40 billion, a price-to-earnings ratio of 85.97, a price-to-earnings-growth ratio of 1.29 and a beta of 1.63. The company's 50-day moving average price is $124.74 and its 200-day moving average price is $102.01. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly 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 firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the company posted $0.52 earnings per share. The business's revenue was up 19.0% on a year-over-year basis. Equities analysts expect that Vertiv Holdings Co will post 2.69 EPS for the current fiscal 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 dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a positive change from Vertiv's previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. Vertiv's payout ratio is presently 6.67%.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction dated Friday, November 22nd. The shares were 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. The trade was a 61.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the stock in a transaction that occurred 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 directly owns 19,551 shares of the company's stock, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 171,527 shares of company stock worth $23,105,682. Insiders own 5.01% of the company's stock.

Institutional Trading of Vertiv

Several institutional investors have recently made changes to their positions in VRT. State Street Corp lifted its holdings in shares of Vertiv by 4.2% in the 3rd quarter. State Street Corp now owns 7,635,081 shares of the company's stock worth $759,614,000 after acquiring an additional 308,704 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Vertiv by 7.4% during the third quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company's stock worth $592,433,000 after buying an additional 408,054 shares during the period. Jennison Associates LLC grew its stake in shares of Vertiv by 10,825.0% in the third quarter. Jennison Associates LLC now owns 4,600,415 shares of the company's stock valued at $457,695,000 after buying an additional 4,558,306 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Vertiv by 271.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company's stock valued at $389,548,000 after buying an additional 2,860,181 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Vertiv during the second quarter worth about $331,091,000. Hedge funds and other institutional investors own 89.92% of the company's stock.

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.