Vertiv (NYSE:VRT) Shares Down 1.2% - What's Next?

Vertiv Holdings Co. (NYSE:VRT - Get Free Report)'s share price was down 1.2% during trading on Friday . The company traded as low as $129.10 and last traded at $129.49. Approximately 1,766,394 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 9,508,457 shares. The stock had previously closed at $131.12.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on VRT shares. Wall Street Zen raised Vertiv from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. Citigroup raised their price target on Vertiv from $130.00 to $149.00 and gave the stock a "buy" rating in a report on Monday. Roth Capital raised Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Roth Mkm started coverage on Vertiv in a research report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price target on the stock. Finally, Mizuho set a $150.00 price objective on Vertiv and gave the stock an "outperform" rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $136.76.

Vertiv Stock Performance

The firm's 50 day moving average price is $115.44 and its 200-day moving average price is $104.03. The firm has a market cap of $49.21 billion, a price-to-earnings ratio of 75.25, a P/E/G ratio of 1.25 and a beta of 1.75. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.72 and a quick ratio of 1.28.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The business had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The firm's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 earnings per share. On average, analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were paid a $0.0375 dividend. This is a boost from Vertiv's previous dividend of $0.01. The ex-dividend date of this dividend was Monday, June 16th. This represents a yield of 0.14%. Vertiv's payout ratio is presently 8.72%.

Insider Buying and Selling

In other news, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the sale, the insider owned 18,847 shares in the company, valued at $1,777,837.51. This represents a 22.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $115.83, for a total value of $5,059,801.89. Following the sale, the executive vice president owned 9,551 shares in the company, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.63% of the company's stock.

Institutional Investors Weigh In On Vertiv

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Presidio Capital Management LLC grew its holdings in Vertiv by 1.3% in the 2nd quarter. Presidio Capital Management LLC now owns 6,010 shares of the company's stock valued at $772,000 after buying an additional 80 shares in the last quarter. Prestige Wealth Management Group LLC grew its holdings in shares of Vertiv by 2.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company's stock worth $420,000 after purchasing an additional 85 shares in the last quarter. Horizon Investment Services LLC lifted its position in shares of Vertiv by 4.1% during the 4th quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock worth $274,000 after buying an additional 95 shares during the last quarter. Grandview Asset Management LLC lifted its position in shares of Vertiv by 2.8% during the 2nd quarter. Grandview Asset Management LLC now owns 3,536 shares of the company's stock worth $454,000 after buying an additional 96 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC lifted its position in shares of Vertiv by 3.1% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company's stock worth $367,000 after buying an additional 97 shares during the last quarter. Institutional investors 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.

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