Vertiv (NYSE:VRT) Shares Down 1.2% - Here's Why

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on VRT shares. JPMorgan Chase & Co. increased their price objective on Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a report on Friday, May 16th. The Goldman Sachs Group reissued a "buy" rating on shares of Vertiv in a research note on Friday, July 11th. Evercore ISI restated an "outperform" rating on shares of Vertiv in a report on Thursday, July 10th. Mizuho set a $150.00 target price on shares of Vertiv and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Finally, Wolfe Research reiterated an "outperform" rating and issued a $155.00 price target on shares of Vertiv in a report on Thursday, July 10th. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Vertiv presently has an average rating of "Buy" and a consensus target price of $136.76.

Vertiv Stock Down 1.7%

The company's fifty day moving average price is $116.14 and its 200-day moving average price is $103.98. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72. The stock has a market cap of $48.33 billion, a P/E ratio of 73.81, a price-to-earnings-growth ratio of 1.28 and a beta of 1.75.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 EPS. Equities analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

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

Insider Activity at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the transaction, the insider owned 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Stephen Liang sold 43,683 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the completion of the sale, the executive vice president directly owned 9,551 shares of the company's stock, valued at $1,106,292.33. The trade was a 82.06% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.01% of the company's stock.

Institutional Investors Weigh In On Vertiv

A number of large investors have recently bought and sold shares of VRT. GW&K Investment Management LLC bought a new position in Vertiv during the first quarter worth $26,000. SouthState Corp bought a new stake in shares of Vertiv in the 1st quarter valued at about $27,000. North Star Investment Management Corp. grew its holdings in Vertiv by 4,120.0% during the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after acquiring an additional 412 shares during the period. Sachetta LLC raised its stake in Vertiv by 242.0% during the 1st quarter. Sachetta LLC now owns 448 shares of the company's stock worth $32,000 after buying an additional 317 shares during the period. Finally, Banque Transatlantique SA bought a new position in Vertiv during the 1st quarter valued at $33,000. 89.92% of the stock is currently owned by institutional investors.

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.