Vertiv Holdings Co (NYSE:VRT - Get Free Report)'s stock price fell 3.9% during mid-day trading on Tuesday . The stock traded as low as $107.91 and last traded at $107.59. 2,504,781 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 8,721,549 shares. The stock had previously closed at $112.00.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on VRT shares. Cowen reaffirmed a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. KGI Securities initiated coverage on shares of Vertiv in a research note on Thursday, April 24th. They issued a "hold" rating for the company. Evercore ISI restated an "outperform" rating and issued a $150.00 price target (up previously from $100.00) on shares of Vertiv in a report on Tuesday, May 27th. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Finally, Barclays lowered their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $124.69.
Read Our Latest Research Report on VRT
Vertiv Price Performance
The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The stock's 50 day moving average price is $93.54 and its two-hundred day moving average price is $104.14. The stock 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.
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, beating 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 net margin of 6.19% and a return on equity of 61.41%. The firm's revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the business earned $0.43 earnings per share. Equities research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.
Insider Buying and Selling
In related news, EVP Stephen Liang sold 43,683 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $115.83, for a total value of $5,059,801.89. Following the completion of the transaction, the executive vice president now directly owns 9,551 shares of the company's stock, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the transaction, the insider now owns 18,847 shares in the company, valued at $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.63% of the stock is owned by insiders.
Institutional Investors Weigh In On Vertiv
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stratos Wealth Partners LTD. raised its position in shares of Vertiv by 27.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 3,367 shares of the company's stock valued at $383,000 after buying an additional 734 shares during the period. Kingsview Wealth Management LLC raised its position in Vertiv by 60.7% in the fourth quarter. Kingsview Wealth Management LLC now owns 5,873 shares of the company's stock valued at $667,000 after purchasing an additional 2,219 shares during the period. Empowered Funds LLC lifted its stake in shares of Vertiv by 67.0% in the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock valued at $1,043,000 after purchasing an additional 3,682 shares during the last quarter. Stephens Inc. AR grew its holdings in shares of Vertiv by 26.2% during the 4th quarter. Stephens Inc. AR now owns 7,163 shares of the company's stock worth $814,000 after purchasing an additional 1,485 shares during the period. Finally, Kestra Private Wealth Services LLC raised its holdings in Vertiv by 64.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 7,314 shares of the company's stock valued at $831,000 after buying an additional 2,861 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.
Vertiv Company Profile
(
Get Free Report)
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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