Vertiv (NYSE:VRT) Trading Down 0.2% - Here's What Happened

Shares of Vertiv Holdings Co (NYSE:VRT - Get Free Report) dropped 0.2% during mid-day trading on Tuesday . The company traded as low as $105.02 and last traded at $106.19. Approximately 1,278,959 shares traded hands during trading, a decline of 86% from the average daily volume of 8,986,153 shares. The stock had previously closed at $106.40.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Melius Research restated a "hold" rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Royal Bank of Canada assumed coverage on shares of Vertiv in a research note on Friday, March 7th. They set an "outperform" rating and a $121.00 target price for the company. Melius lowered shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target on the stock. in a research note on Tuesday, January 28th. Finally, Morgan Stanley lowered their price objective on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Vertiv has a consensus rating of "Moderate Buy" and an average target price of $122.06.

Vertiv Price Performance

The stock has a market cap of $39.31 billion, a PE ratio of 80.53, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. The stock's fifty day moving average is $83.90 and its 200-day moving average is $105.96. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share 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 net margin of 6.19% and a return on equity of 61.41%. The business's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 EPS. As a group, equities analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given 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 yield of 0.15%. Vertiv's dividend payout ratio is currently 8.72%.

Insider Activity

In related news, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the sale, the insider now directly owns 18,847 shares in the company, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.63% of the company's stock.

Institutional Investors Weigh In On Vertiv

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Vertiv by 3.7% in the first quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company's stock valued at $2,723,034,000 after purchasing an additional 1,359,070 shares during the period. Jennison Associates LLC grew its stake in shares of Vertiv by 68.6% in the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock valued at $880,971,000 after buying an additional 3,153,932 shares in the last quarter. Amundi grew its stake in shares of Vertiv by 96.8% in the first quarter. Amundi now owns 6,951,773 shares of the company's stock valued at $469,490,000 after buying an additional 3,420,144 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Vertiv by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock valued at $688,260,000 after buying an additional 99,181 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new position in Vertiv during the 4th quarter worth about $597,379,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.