Vertiv (NYSE:VRT) Trading Down 3.2% - What's Next?

Vertiv Holdings Co (NYSE:VRT - Get Free Report) fell 3.2% during trading on Friday . The company traded as low as $147.51 and last traded at $148.62. 2,925,960 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 6,182,233 shares. The stock had previously closed at $153.49.

Analysts Set New Price Targets

A number of research firms have recently weighed in on VRT. Jefferies Financial Group assumed coverage on Vertiv in a research note on Monday, October 7th. They set a "buy" rating and a $125.00 price target for the company. Citigroup raised their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, December 9th. JPMorgan Chase & Co. boosted their target price on shares of Vertiv from $124.00 to $132.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 19th. Evercore ISI dropped their price target on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, January 17th. Finally, Fox Advisors started coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an "equal weight" rating for the company. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $141.75.

Vertiv Trading Down 4.9 %

The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $54.81 billion, a price-to-earnings ratio of 97.35, a P/E/G ratio of 1.16 and a beta of 1.63. The company has a 50-day moving average price of $127.76 and a 200-day moving average price of $104.99.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the firm posted $0.52 EPS. The company's revenue was up 19.0% on a year-over-year basis. Research analysts predict that Vertiv Holdings Co will post 2.7 EPS for the current fiscal year.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.10%. This is a positive change from Vertiv's previous quarterly dividend of $0.03. Vertiv's payout ratio is 6.67%.

Insider Activity at Vertiv

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the transaction, the insider now owns 19,448 shares of the company's stock, valued at $2,751,114.08. This represents a 61.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Stephen Liang sold 86,619 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the sale, the executive vice president now owns 19,551 shares of the company's stock, valued at $2,562,549.57. This represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 171,527 shares of company stock worth $23,105,682 in the last ninety days. 5.01% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vertiv

Institutional investors and hedge funds have recently bought and sold shares of the business. Anchor Investment Management LLC bought a new position in shares of Vertiv during the 2nd quarter worth approximately $26,000. Krane Funds Advisors LLC acquired a new position in Vertiv during the third quarter worth $29,000. Global Trust Asset Management LLC bought a new position in shares of Vertiv during the third quarter valued at $30,000. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock valued at $30,000 after acquiring an additional 200 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in shares of Vertiv in the 3rd quarter valued at $30,000. 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.