Vertiv (NYSE:VRT) Shares Down 3.1%

Vertiv Holdings Co (NYSE:VRT) shares fell 3.1% during mid-day trading on Friday . The stock traded as low as $77.70 and last traded at $78.50. 2,108,472 shares were traded during mid-day trading, a decline of 72% from the average session volume of 7,407,206 shares. The stock had previously closed at $81.01.

Analyst Ratings Changes

Several research firms recently issued reports on VRT. Citigroup upped their price target on shares of Vertiv from $69.00 to $102.00 and gave the company a “buy” rating in a report on Monday, April 8th. Oppenheimer began coverage on shares of Vertiv in a report on Friday, April 5th. They issued an “outperform” rating and a $96.00 price target on the stock. Mizuho upped their price target on shares of Vertiv from $50.00 to $56.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. Bank of America upped their price target on shares of Vertiv from $80.00 to $90.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Vertiv from $65.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $74.56.

Vertiv Stock Down 6.5 %

The stock’s 50-day moving average is $74.10 and its 200-day moving average is $55.62. The stock has a market cap of $28.94 billion, a P/E ratio of 64.97, a price-to-earnings-growth ratio of 1.30 and a beta of 1.59. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 1.45.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. Vertiv had a net margin of 6.71% and a return on equity of 39.46%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the company earned $0.28 EPS. Vertiv’s revenue was up 12.7% on a year-over-year basis. As a group, research analysts anticipate that Vertiv Holdings Co will post 2.36 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend was Monday, March 18th. Vertiv’s dividend payout ratio is presently 8.47%.

Insider Buying and Selling at Vertiv

In other news, EVP Stephen Liang sold 306,196 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $70.24, for a total value of $21,507,207.04. Following the transaction, the executive vice president now owns 51,841 shares in the company, valued at approximately $3,641,311.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Scott Cripps sold 56,594 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $70.76, for a total value of $4,004,591.44. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Stephen Liang sold 306,196 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the transaction, the executive vice president now owns 51,841 shares in the company, valued at approximately $3,641,311.84. The disclosure for this sale can be found here. Insiders own 5.62% of the company’s stock.

Hedge Funds Weigh In On Vertiv

A number of large investors have recently made changes to their positions in VRT. Advisor Group Holdings Inc. increased its holdings in Vertiv by 11.5% in the first quarter. Advisor Group Holdings Inc. now owns 26,749 shares of the company’s stock worth $375,000 after buying an additional 2,756 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Vertiv by 17.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 15,756 shares of the company’s stock valued at $221,000 after purchasing an additional 2,361 shares during the last quarter. US Bancorp DE grew its holdings in Vertiv by 216.7% during the first quarter. US Bancorp DE now owns 21,756 shares of the company’s stock valued at $304,000 after purchasing an additional 14,886 shares during the last quarter. Citigroup Inc. grew its holdings in Vertiv by 40.2% during the first quarter. Citigroup Inc. now owns 66,068 shares of the company’s stock valued at $925,000 after purchasing an additional 18,935 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in Vertiv by 450.1% during the first quarter. Bank of Montreal Can now owns 461,842 shares of the company’s stock valued at $6,333,000 after purchasing an additional 377,884 shares during 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.