Vertiv (NYSE:VRT) Trading Down 1.3% - What's Next?

Shares of Vertiv Holdings Co (NYSE:VRT - Get Free Report) were down 1.3% during mid-day trading on Friday . The company traded as low as $110.50 and last traded at $112.97. Approximately 2,092,014 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 8,699,910 shares. The stock had previously closed at $114.50.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on VRT shares. Morgan Stanley reduced their price target on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Barclays reduced their price target on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. Roth Capital raised Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. KGI Securities started coverage on Vertiv in a research report on Thursday, April 24th. They issued a "hold" rating on the stock. Finally, Evercore ISI reaffirmed an "outperform" rating and issued a $150.00 price target (up previously from $100.00) on shares of Vertiv in a research report on Tuesday, May 27th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $124.69.

Vertiv Stock Down 3.2%

The firm has a market cap of $42.22 billion, a price-to-earnings ratio of 86.55, a price-to-earnings-growth ratio of 1.07 and a beta of 1.73. The firm has a 50-day moving average price of $94.49 and a two-hundred day moving average price of $103.99. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm's revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share. On average, sell-side analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Insiders Place Their Bets

In other Vertiv news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the transaction, the insider now directly owns 18,847 shares in the company, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $115.83, for a total value of $5,059,801.89. Following the completion of the sale, the executive vice president now owns 9,551 shares in the company, valued at approximately $1,106,292.33. This trade represents 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 Trading of Vertiv

A number of institutional investors have recently modified their holdings of the business. Stanley Capital Management LLC boosted its stake in shares of Vertiv by 13.1% in the first quarter. Stanley Capital Management LLC now owns 259,000 shares of the company's stock valued at $18,700,000 after buying an additional 30,000 shares in the last quarter. Nicola Wealth Management LTD. purchased a new stake in shares of Vertiv in the first quarter valued at approximately $1,155,000. First Hawaiian Bank boosted its stake in shares of Vertiv by 17.3% in the first quarter. First Hawaiian Bank now owns 4,045 shares of the company's stock valued at $292,000 after buying an additional 598 shares in the last quarter. Inspire Investing LLC boosted its stake in shares of Vertiv by 79.1% in the first quarter. Inspire Investing LLC now owns 12,831 shares of the company's stock valued at $926,000 after buying an additional 5,665 shares in the last quarter. Finally, Anson Funds Management LP boosted its stake in shares of Vertiv by 80.9% in the first quarter. Anson Funds Management LP now owns 18,089 shares of the company's stock valued at $1,306,000 after buying an additional 8,089 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

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.