Vertiv (NYSE:VRT) Shares Down 0.3% - What's Next?

Vertiv Holdings Co (NYSE:VRT - Get Free Report) shares traded down 0.3% on Thursday . The stock traded as low as $94.87 and last traded at $95.20. 1,808,397 shares were traded during mid-day trading, a decline of 80% from the average session volume of 8,980,952 shares. The stock had previously closed at $95.52.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Morgan Stanley reduced their price target on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Cowen reiterated a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Melius Research reissued a "hold" rating and set a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Royal Bank of Canada assumed coverage on shares of Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 target price on the stock. Finally, Evercore ISI decreased their price target on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, January 17th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $120.38.

Vertiv Stock Down 1.6 %

The firm has a market cap of $35.89 billion, a price-to-earnings ratio of 73.57, 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 current ratio of 1.65 and a quick ratio of 1.02. The firm's fifty day moving average is $80.47 and its two-hundred day moving average is $106.26.

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, 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 was up 24.2% on a year-over-year basis. During the same period last year, the firm posted $0.43 earnings per share. On average, sell-side analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.16%. Vertiv's dividend payout ratio is currently 8.72%.

Insider Buying and Selling at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the sale, the insider now directly owns 18,847 shares of the company's stock, valued at $1,777,837.51. This represents a 22.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.63% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vertiv

A number of institutional investors and hedge funds have recently modified their holdings of VRT. SOA Wealth Advisors LLC. acquired a new position in shares of Vertiv in the 4th quarter valued at $26,000. OLD Second National Bank of Aurora acquired a new position in shares of Vertiv in the fourth quarter worth about $30,000. Tradewinds Capital Management LLC increased its position in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after acquiring an additional 111 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Vertiv during the fourth quarter valued at approximately $34,000. Finally, Pittenger & Anderson Inc. lifted its position in shares of Vertiv by 92.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

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.