Vertiv (NYSE:VRT) Shares Down 0%

Vertiv Holdings Co (NYSE:VRT)’s stock price dropped 0% during trading on Tuesday . The company traded as low as $96.50 and last traded at $99.31. Approximately 1,450,131 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 7,978,035 shares. The stock had previously closed at $99.32.

Wall Street Analysts Forecast Growth

VRT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Evercore ISI lifted their target price on Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Citigroup lifted their target price on Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Bank of America lifted their target price on Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Finally, Mizuho lifted their target price on Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, April 26th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.00.

Vertiv Stock Performance

The stock has a 50 day simple moving average of $85.87 and a 200 day simple moving average of $64.17. The company has a market cap of $37.11 billion, a price-to-earnings ratio of 95.32, a PEG ratio of 1.46 and a beta of 1.55. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 2.09.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 earnings per share. As a group, analysts predict that Vertiv Holdings Co will post 2.42 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.10%. The ex-dividend date was Monday, March 18th. Vertiv’s dividend payout ratio (DPR) is 9.62%.

Insider Buying and Selling

In related news, Director Roger Fradin sold 16,667 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $103.86, for a total value of $1,731,034.62. Following the transaction, the director now owns 218,333 shares in the company, valued at $22,676,065.38. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Stephen Liang sold 306,196 shares of the business’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 completion of the sale, the executive vice president now directly owns 51,841 shares of the company’s stock, valued at $3,641,311.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Roger Fradin sold 16,667 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $103.86, for a total value of $1,731,034.62. Following the completion of the sale, the director now directly owns 218,333 shares of the company’s stock, valued at $22,676,065.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,426,331 shares of company stock worth $312,577,246. 5.01% of the stock is currently owned by corporate insiders.

Institutional Trading of Vertiv

Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC increased its holdings in Vertiv by 182.4% in the third quarter. FMR LLC now owns 47,236,496 shares of the company’s stock valued at $1,757,198,000 after buying an additional 30,511,907 shares during the last quarter. Vanguard Group Inc. increased its holdings in Vertiv by 5.5% in the first quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock valued at $2,745,930,000 after buying an additional 1,766,784 shares during the last quarter. Coatue Management LLC increased its holdings in Vertiv by 19.5% in the fourth quarter. Coatue Management LLC now owns 13,811,848 shares of the company’s stock valued at $663,383,000 after buying an additional 2,249,353 shares during the last quarter. Invesco Ltd. increased its holdings in Vertiv by 10.2% in the third quarter. Invesco Ltd. now owns 10,817,978 shares of the company’s stock valued at $402,429,000 after buying an additional 1,002,191 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Vertiv by 303.1% during 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. 89.92% of the stock is owned by 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.