Vertiv (NYSE:VRT) Shares Down 2.4% – Time to Sell?

Vertiv Holdings Co (NYSE:VRT) shares fell 2.4% during mid-day trading on Thursday . The stock traded as low as $107.94 and last traded at $109.71. 1,694,604 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 8,284,558 shares. The stock had previously closed at $112.45.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VRT. Mizuho boosted their target price on shares of Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Oppenheimer increased their price objective on Vertiv from $115.00 to $121.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. TD Cowen boosted their target price on Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Jefferies Financial Group initiated coverage on shares of Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 price target on the stock. Finally, The Goldman Sachs Group reduced their price objective on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $122.11.

Vertiv Trading Down 3.1 %

The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. The business’s fifty day moving average is $95.70 and its 200 day moving average is $90.82. The stock has a market cap of $40.88 billion, a PE ratio of 105.49, a P/E/G ratio of 1.47 and a beta of 1.59.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The company’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 EPS. As a group, analysts predict that Vertiv Holdings Co will post 2.58 earnings per share for the current year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were given a dividend of $0.025 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.09%. Vertiv’s dividend payout ratio is currently 9.62%.

Insider Activity at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the completion of the transaction, the insider now directly owns 10,542 shares of the company’s stock, valued at $843,254.58. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.01% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vertiv

A number of hedge funds and other institutional investors have recently modified their holdings of VRT. Vanguard Group Inc. grew its stake in Vertiv by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock worth $2,745,930,000 after acquiring an additional 1,766,784 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Vertiv by 303.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock valued at $390,143,000 after purchasing an additional 3,591,903 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Vertiv during the second quarter worth about $331,091,000. Westfield Capital Management Co. LP boosted its stake in Vertiv by 85.2% in the 1st quarter. Westfield Capital Management Co. LP now owns 3,399,272 shares of the company’s stock worth $277,619,000 after buying an additional 1,563,466 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Vertiv by 17.7% in the 1st quarter. Janus Henderson Group PLC now owns 3,002,197 shares of the company’s stock valued at $245,189,000 after buying an additional 451,830 shares during the period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

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.