Vertiv (NYSE:VRT) Shares Down 6.1% - Time to 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 trading, a decline of 73% from the average session volume of 8,540,312 shares. The stock had previously closed at $128.41.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VRT. Wall Street Zen upgraded shares of Vertiv from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. The Goldman Sachs Group boosted their price target on shares of Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Cowen reaffirmed a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Morgan Stanley decreased their target price on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Roth Mkm began coverage on Vertiv in a research note on Tuesday, April 8th. They set a "buy" rating and a $75.00 target price for the company. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $126.69.

Vertiv Stock Up 2.9%

The company has a current ratio of 1.72, a quick ratio of 1.28 and a debt-to-equity ratio of 1.09. The company has a market cap of $48.75 billion, a price-to-earnings ratio of 74.37, a PEG ratio of 1.24 and a beta of 1.75. The firm's fifty day simple moving average is $108.43 and its 200 day simple moving average is $103.44.

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

Vertiv Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were given a $0.0375 dividend. This is an increase 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%.

Insider Buying and Selling at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of the company'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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president owned 9,551 shares of the company's stock, valued at approximately $1,106,292.33. This trade represents a 82.06% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Vertiv

A number of large investors have recently bought and sold shares of the company. Trinity Financial Advisors LLC purchased a new position in Vertiv during the 2nd quarter worth $531,000. Garde Capital Inc. raised its position in Vertiv by 1,886.7% during the 2nd quarter. Garde Capital Inc. now owns 298 shares of the company's stock worth $38,000 after buying an additional 283 shares during the last quarter. Neville Rodie & Shaw Inc. raised its position in Vertiv by 7.4% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 59,460 shares of the company's stock worth $7,635,000 after buying an additional 4,105 shares during the last quarter. Harbor Investment Advisory LLC raised its position in Vertiv by 10.9% during the 2nd quarter. Harbor Investment Advisory LLC now owns 5,083 shares of the company's stock worth $653,000 after buying an additional 499 shares during the last quarter. Finally, Kera Capital Partners Inc. raised its position in Vertiv by 1.7% during the 2nd quarter. Kera Capital Partners Inc. now owns 70,853 shares of the company's stock worth $9,098,000 after buying an additional 1,216 shares during the last quarter. 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.