Vertiv (NYSE:VRT) Shares Down 4.3% – What’s Next?

Vertiv Holdings Co (NYSE:VRT)’s stock price fell 4.3% on Tuesday . The company traded as low as $106.40 and last traded at $107.54. 3,635,256 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 8,342,762 shares. The stock had previously closed at $112.41.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on VRT shares. Bank of America lifted their price target on shares of Vertiv from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday. Jefferies Financial Group started coverage on Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 price objective for the company. TD Cowen lifted their price objective on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. The Goldman Sachs Group cut their target price on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Finally, Evercore ISI raised their price target on Vertiv from $105.00 to $125.00 and gave the company an “outperform” rating in a report on Monday, October 7th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $112.44.

Vertiv Stock Up 2.3 %

The company has a 50 day moving average price of $88.63 and a two-hundred day moving average price of $88.81. The stock has a market cap of $42.78 billion, a PE ratio of 109.65, a PEG ratio of 1.42 and a beta of 1.59. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm posted $0.46 EPS. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. Analysts expect that Vertiv Holdings Co will post 2.58 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently announced 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 of this dividend was Tuesday, September 17th. This represents a $0.10 annualized dividend and a yield of 0.09%. Vertiv’s dividend payout ratio (DPR) is 9.62%.

Insiders Place Their Bets

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the completion of the sale, the insider now owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 5.01% of the company’s stock.

Hedge Funds Weigh In On Vertiv

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Vertiv by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 31,855,473 shares of the company’s stock valued at $1,530,018,000 after buying an additional 226,716 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Vertiv by 296.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,205 shares of the company’s stock worth $634,000 after acquiring an additional 9,870 shares during the last quarter. HighPoint Advisor Group LLC bought a new position in shares of Vertiv during the 4th quarter valued at about $653,000. Kapitalo Investimentos Ltda bought a new position in Vertiv during the fourth quarter valued at approximately $167,000. Finally, Los Angeles Capital Management LLC grew its holdings in Vertiv by 457.7% during the 1st quarter. Los Angeles Capital Management LLC now owns 218,126 shares of the company’s stock valued at $17,814,000 after buying an additional 179,011 shares in the last quarter. 89.92% of the stock is currently 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.