Vertiv (NYSE:VRT) Shares Down 0.3% – Should You Sell?

Vertiv Holdings Co (NYSE:VRT) was down 0.3% on Friday . The company traded as low as $112.12 and last traded at $113.99. Approximately 905,024 shares traded hands during trading, a decline of 89% from the average daily volume of 8,326,153 shares. The stock had previously closed at $114.28.

Analyst Upgrades and Downgrades

VRT has been the subject of a number of recent research reports. TD Cowen boosted their target price on Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Evercore ISI upped their price objective on shares of Vertiv from $105.00 to $125.00 and gave the company an “outperform” rating in a research note on Monday, October 7th. Mizuho lifted their target price on shares of Vertiv from $92.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday. Oppenheimer raised their price objective on Vertiv from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Bank of America boosted their target price on Vertiv from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vertiv has a consensus rating of “Buy” and a consensus target price of $112.44.

Vertiv Trading Down 1.8 %

The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00. The stock has a market capitalization of $42.02 billion, a P/E ratio of 107.93, a P/E/G ratio of 1.42 and a beta of 1.59. The firm’s 50 day moving average price is $90.31 and its 200 day moving average price is $89.26.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.10. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The business’s revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. As a group, equities research analysts expect that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Announces Dividend

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

Insider Transactions at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the transaction, the insider now owns 10,542 shares in the company, valued at $843,254.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.01% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in VRT. PNC Financial Services Group Inc. lifted its stake in shares of Vertiv by 296.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,205 shares of the company’s stock valued at $634,000 after purchasing an additional 9,870 shares during the period. Clearbridge Investments LLC raised its holdings in Vertiv by 15.4% in the second quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock worth $221,013,000 after purchasing an additional 340,639 shares in the last quarter. Swiss National Bank lifted its position in Vertiv by 1.3% during the first quarter. Swiss National Bank now owns 1,085,200 shares of the company’s stock valued at $88,628,000 after buying an additional 14,100 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Vertiv by 1,019.3% during the 1st quarter. Acadian Asset Management LLC now owns 4,007 shares of the company’s stock valued at $326,000 after buying an additional 3,649 shares in the last quarter. Finally, Covea Finance purchased a new stake in shares of Vertiv in the 3rd quarter worth about $3,870,000. Hedge funds and other institutional investors 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.