Vertiv (NYSE:VRT) Trading Down 3.7% - Here's Why

Shares of Vertiv Holdings Co (NYSE:VRT - Get Free Report) dropped 3.7% during mid-day trading on Thursday . The company traded as low as $104.00 and last traded at $103.85. Approximately 2,949,612 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 9,862,411 shares. The stock had previously closed at $107.84.

Analysts Set New Price Targets

A number of brokerages have recently commented on VRT. TD Cowen raised their price target on Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. The Goldman Sachs Group raised their price target on Vertiv from $126.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Fox Advisors began coverage on Vertiv in a report on Monday, January 6th. They set an "equal weight" rating on the stock. Citigroup raised their price target on Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. raised their price target on Vertiv from $124.00 to $132.00 and gave the company an "overweight" rating in a report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $138.57.

Vertiv Trading Down 8.5 %

The business has a fifty day moving average of $120.90 and a 200-day moving average of $109.46. The stock has a market capitalization of $36.00 billion, a price-to-earnings ratio of 74.93, a price-to-earnings-growth ratio of 1.10 and a beta of 1.64. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same period last year, the business posted $0.56 earnings per share. On average, equities analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Insider Activity at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the firm's stock in a transaction dated Tuesday, November 26th. The stock was 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 in the company, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jan Van Dokkum sold 38,647 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $136.39, for a total value of $5,271,064.33. Following the sale, the director now owns 25,000 shares of the company's stock, valued at $3,409,750. The trade was a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.01% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vertiv

A number of institutional investors have recently bought and sold shares of VRT. Massachusetts Financial Services Co. MA acquired a new stake in Vertiv during the 4th quarter worth about $597,379,000. Jennison Associates LLC lifted its holdings in shares of Vertiv by 10,825.0% during the 3rd 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 during the last quarter. Norges Bank acquired a new stake in shares of Vertiv during the 4th quarter valued at about $391,777,000. Wellington Management Group LLP lifted its holdings in shares of Vertiv by 271.0% during 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 last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Vertiv by 136.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock valued at $379,101,000 after buying an additional 1,928,275 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.