Vertiv (NYSE:VRT) Shares Gap Down - Should You Sell?

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $109.48, but opened at $105.80. Vertiv shares last traded at $106.30, with a volume of 1,120,415 shares trading hands.

Analysts Set New Price Targets

A number of analysts recently commented on VRT shares. Morgan Stanley decreased their target price on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Melius Research reaffirmed a "hold" rating and issued a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. JPMorgan Chase & Co. decreased their target price on Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Roth Mkm started coverage on Vertiv in a research report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 target price for the company. Finally, Citigroup decreased their target price on Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $120.38.

Vertiv Price Performance

The business has a 50 day moving average price of $81.68 and a two-hundred day moving average price of $106.15. The stock has a market cap of $40.92 billion, a PE ratio of 83.91, a P/E/G ratio of 1.07 and a beta of 1.70. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the business earned $0.43 EPS. The company's revenue was up 24.2% compared to the same quarter last year. Research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. Vertiv's payout ratio is presently 8.72%.

Insider Activity at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.01% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vertiv

Several institutional investors and hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp grew its holdings in Vertiv by 8.1% during the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company's stock valued at $128,000 after purchasing an additional 84 shares during the period. Prestige Wealth Management Group LLC boosted its holdings in shares of Vertiv by 2.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company's stock worth $420,000 after acquiring an additional 85 shares during the period. Accurate Wealth Management LLC boosted its holdings in shares of Vertiv by 4.1% in the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company's stock worth $254,000 after acquiring an additional 87 shares during the period. Horizon Investment Services LLC boosted its holdings in shares of Vertiv by 4.1% in the fourth quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock worth $274,000 after acquiring an additional 95 shares during the period. Finally, Focus Partners Advisor Solutions LLC boosted its holdings in shares of Vertiv by 3.1% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company's stock worth $367,000 after acquiring an additional 97 shares during the period. 89.92% of the stock is 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.

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