Vertiv (NYSE:VRT) Stock Price Down 6.1% - Should You Sell?

Vertiv Holdings Co. (NYSE:VRT - Get Free Report) shares traded down 6.1% on Tuesday . The company traded as low as $122.39 and last traded at $120.61. 2,268,968 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 8,540,312 shares. The stock had previously closed at $128.41.

Wall Street Analyst Weigh In

VRT has been the topic of several research reports. Citigroup raised their price objective on Vertiv from $98.00 to $130.00 and gave the stock a "buy" rating in a report on Monday, June 16th. KGI Securities began coverage on shares of Vertiv in a research note on Thursday, April 24th. They issued a "hold" rating on the stock. Cowen reaffirmed a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Royal Bank Of Canada started coverage on Vertiv in a research report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target on the stock. Finally, Roth Capital raised Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.69.

Vertiv Trading Up 1.4%

The business has a 50-day moving average of $106.62 and a 200 day moving average of $103.28. The stock has a market cap of $47.37 billion, a PE ratio of 72.27, a PEG ratio of 1.28 and a beta of 1.75. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The business had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter last year, the firm earned $0.43 earnings per share. The business's revenue was up 24.2% on a year-over-year basis. Equities research analysts predict that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were given a dividend of $0.0375 per share. This is a positive change 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 dividend payout ratio is 8.72%.

Insiders Place Their Bets

In related news, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction that occurred 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 in the company, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the transaction, the executive vice president directly owned 9,551 shares in the company, valued at approximately $1,106,292.33. This trade represents a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.63% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vertiv

A number of hedge funds have recently made changes to their positions in the business. Metis Global Partners LLC boosted its position in shares of Vertiv by 7.1% in the fourth quarter. Metis Global Partners LLC now owns 4,931 shares of the company's stock worth $560,000 after buying an additional 329 shares during the period. Smartleaf Asset Management LLC lifted its position in Vertiv by 91.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,240 shares of the company's stock worth $144,000 after acquiring an additional 592 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Vertiv by 511.2% in the 4th quarter. Jones Financial Companies Lllp now owns 71,421 shares of the company's stock worth $8,114,000 after acquiring an additional 59,735 shares during the period. LGT Group Foundation grew its position in Vertiv by 5.9% in the fourth quarter. LGT Group Foundation now owns 44,262 shares of the company's stock valued at $5,029,000 after acquiring an additional 2,479 shares in the last quarter. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Vertiv during the fourth quarter valued at approximately $240,000. Hedge funds and other 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.