Vertiv (NYSE:VRT) Trading Down 10.5% - Here's Why

Vertiv Holdings Co. (NYSE:VRT - Get Free Report)'s stock price was down 10.5% on Thursday . The stock traded as low as $110.06 and last traded at $114.91. Approximately 11,012,164 shares changed hands during trading, an increase of 29% from the average daily volume of 8,558,066 shares. The stock had previously closed at $128.37.

Analyst Ratings Changes

Several equities analysts have recently commented on VRT shares. Morgan Stanley lowered their target price on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Melius upgraded shares of Vertiv from a "hold" rating to a "buy" rating and set a $165.00 price target on the stock in a report on Tuesday. Citigroup upped their price target on shares of Vertiv from $98.00 to $130.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Barclays increased their target price on shares of Vertiv from $90.00 to $110.00 and gave the stock an "equal weight" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on shares of Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $134.24.

Vertiv Stock Performance

The stock's 50-day moving average price is $112.29 and its 200-day moving average price is $103.73. The company has a current ratio of 1.72, a quick ratio of 1.28 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $47.03 billion, a P/E ratio of 71.75, a P/E/G ratio of 1.28 and a beta of 1.75.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The firm's quarterly revenue was up 24.2% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share. As a group, equities analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Monday, June 16th. This is a boost from Vertiv's previous dividend of $0.01. This represents a yield of 0.14%. Vertiv's payout ratio is 8.72%.

Insider Buying and Selling at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction 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 transaction, the insider directly owned 18,847 shares in the company, valued at $1,777,837.51. This represents a 22.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephen Liang sold 43,683 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the transaction, the executive vice president directly owned 9,551 shares of the company's stock, valued at $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vertiv

A number of hedge funds have recently made changes to their positions in VRT. Wealth Management Partners LLC increased its position in Vertiv by 27.8% in the 2nd quarter. Wealth Management Partners LLC now owns 14,682 shares of the company's stock valued at $1,854,000 after acquiring an additional 3,197 shares in the last quarter. Bouvel Investment Partners LLC increased its position in Vertiv by 53.2% in the 2nd quarter. Bouvel Investment Partners LLC now owns 16,819 shares of the company's stock valued at $2,160,000 after acquiring an additional 5,839 shares in the last quarter. Kaufman Rossin Wealth LLC acquired a new stake in Vertiv in the 2nd quarter valued at about $395,000. Shelton Wealth Management LLC increased its position in Vertiv by 37.2% in the 2nd quarter. Shelton Wealth Management LLC now owns 14,988 shares of the company's stock valued at $1,925,000 after acquiring an additional 4,060 shares in the last quarter. Finally, Diversified Trust Co increased its position in Vertiv by 3.2% in the 2nd quarter. Diversified Trust Co now owns 5,370 shares of the company's stock valued at $690,000 after acquiring an additional 167 shares in the last quarter. Institutional investors and hedge funds 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.