Vertiv (NYSE:VRT) Trading Down 0.4% - Here's Why

Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s share price fell 0.4% during mid-day trading on Friday . The company traded as low as $103.96 and last traded at $104.97. 1,477,405 shares were traded during mid-day trading, a decline of 84% from the average session volume of 9,013,209 shares. The stock had previously closed at $105.38.

Analyst Upgrades and Downgrades

Several research analysts have commented on VRT shares. Melius lowered shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective for the company. in a report on Tuesday, January 28th. KGI Securities initiated coverage on shares of Vertiv in a research report on Thursday, April 24th. They set a "hold" rating on the stock. Roth Mkm initiated coverage on shares of Vertiv in a report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price target on the stock. Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Finally, Citigroup lowered their price objective on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Vertiv currently has an average rating of "Moderate Buy" and a consensus price target of $120.38.

Vertiv Price Performance

The stock has a 50 day moving average price of $82.24 and a two-hundred day moving average price of $106.10. The firm has a market cap of $40.49 billion, a PE ratio of 82.98, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating 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 analyst estimates of $1.94 billion. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Vertiv's revenue for the quarter was up 24.2% on a year-over-year basis. As a group, equities analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

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

Insiders Place Their Bets

In other 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 in the company, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.01% of the company's stock.

Institutional Investors Weigh In On Vertiv

A number of hedge funds have recently bought and sold shares of VRT. Fifth Third Bancorp increased its position in Vertiv by 8.1% during the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company's stock worth $128,000 after buying an additional 84 shares during the period. Prestige Wealth Management Group LLC boosted its position in Vertiv by 2.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company's stock worth $420,000 after purchasing an additional 85 shares in the last quarter. Accurate Wealth Management LLC lifted its position 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 valued at $254,000 after acquiring an additional 87 shares in the last quarter. Horizon Investment Services LLC lifted its position 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 valued at $274,000 after acquiring an additional 95 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC lifted its position 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 valued at $367,000 after acquiring an additional 97 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.

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