Vertiv (NYSE:VRT) Trading Down 2.4%

Vertiv Holdings Co (NYSE:VRT - Get Free Report) shares were down 2.4% during trading on Monday . The company traded as low as $83.14 and last traded at $83.30. Approximately 1,808,415 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 7,380,920 shares. The stock had previously closed at $85.34.

Analysts Set New Price Targets

A number of research analysts recently commented on VRT shares. JPMorgan Chase & Co. increased their price target on Vertiv from $53.00 to $65.00 and gave the company an "overweight" rating in a report on Thursday, February 22nd. Bank of America increased their price target on Vertiv from $80.00 to $90.00 and gave the company a "buy" rating in a report on Monday, March 18th. Mizuho increased their price target on Vertiv from $50.00 to $56.00 and gave the company a "neutral" rating in a report on Thursday, February 22nd. Evercore ISI increased their price target on Vertiv from $80.00 to $90.00 and gave the company an "outperform" rating in a report on Friday. Finally, Oppenheimer assumed coverage on Vertiv in a report on Friday. They set an "outperform" rating and a $96.00 target price on the stock. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $66.33.

Vertiv Trading Down 1.4 %

The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.35 and a current ratio of 1.74. The business has a fifty day simple moving average of $69.81 and a 200 day simple moving average of $52.94. The company has a market cap of $32.14 billion, a P/E ratio of 70.25, a P/E/G ratio of 1.36 and a beta of 1.59.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. The business had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.88 billion. Vertiv had a return on equity of 39.46% and a net margin of 6.71%. The business's quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. Analysts anticipate that Vertiv Holdings Co will post 2.35 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date was Monday, March 18th. Vertiv's payout ratio is 8.47%.

Insider Transactions at Vertiv

In other news, CAO Scott Cripps sold 56,594 shares of the firm's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $70.76, for a total transaction of $4,004,591.44. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Vertiv news, EVP Stephen Liang sold 306,196 shares of the company's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the sale, the executive vice president now directly owns 51,841 shares in the company, valued at $3,641,311.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction on Friday, March 8th. The shares were sold at an average price of $70.76, for a total value of $4,004,591.44. The disclosure for this sale can be found here. Insiders own 5.62% of the company's stock.

Institutional Trading of Vertiv

Institutional investors have recently modified their holdings of the company. First Horizon Advisors Inc. raised its position in Vertiv by 161.7% in the third quarter. First Horizon Advisors Inc. now owns 662 shares of the company's stock worth $25,000 after acquiring an additional 409 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of Vertiv in the 4th quarter worth approximately $26,000. Raleigh Capital Management Inc. lifted its stake in Vertiv by 79.0% during the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company's stock valued at $27,000 after purchasing an additional 252 shares during the last quarter. Clear Street Markets LLC bought a new stake in Vertiv during the fourth quarter worth approximately $27,000. Finally, Brown Brothers Harriman & Co. grew its position in Vertiv by 648.5% in the first quarter. Brown Brothers Harriman & Co. now owns 2,500 shares of the company's stock worth $35,000 after buying an additional 2,166 shares during the last quarter. Institutional investors and hedge funds 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.