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

Vertiv Holdings Co (NYSE:VRT) shares gapped down before the market opened on Wednesday . The stock had previously closed at $112.47, but opened at $107.00. Vertiv shares last traded at $113.89, with a volume of 4,326,018 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on VRT shares. TD Cowen increased their price objective on shares of Vertiv from $93.00 to $115.00 and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group cut their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Jefferies Financial Group initiated coverage on shares of Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 price target on the stock. Mizuho increased their price target on Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Evercore ISI raised their price objective on Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday. 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 a consensus price target of $122.11.

Vertiv Stock Performance

The stock has a fifty day simple moving average of $92.37 and a two-hundred day simple moving average of $89.83. The stock has a market capitalization of $41.20 billion, a price-to-earnings ratio of 105.82, a P/E/G ratio of 1.42 and a beta of 1.59. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.00 and a current ratio of 1.36.

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

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were issued a dividend of $0.025 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a yield of 0.09%. Vertiv’s payout ratio is 9.62%.

Insiders Place Their Bets

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 10,542 shares of the company’s stock, valued at $843,254.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.01% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Anchor Investment Management LLC bought a new position in shares of Vertiv during the 2nd quarter valued at about $26,000. Atticus Wealth Management LLC bought a new position in Vertiv during the first quarter valued at approximately $27,000. Mather Group LLC. raised its stake in shares of Vertiv by 132.5% during the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after acquiring an additional 200 shares in the last quarter. Krane Funds Advisors LLC bought a new stake in shares of Vertiv in the 3rd quarter worth approximately $29,000. Finally, Global Trust Asset Management LLC purchased a new position in Vertiv in the 3rd quarter worth $30,000. Institutional investors own 89.92% of the company’s stock.

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.