Vertiv (NYSE:VRT) Trading Down 2.6% – What’s Next?

Vertiv Holdings Co (NYSE:VRT) fell 2.6% on Tuesday . The company traded as low as $123.33 and last traded at $123.49. 1,118,756 shares traded hands during trading, a decline of 86% from the average session volume of 8,189,610 shares. The stock had previously closed at $126.80.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VRT. Jefferies Financial Group assumed coverage on Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 price target on the stock. Oppenheimer boosted their price objective on Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Citigroup increased their target price on Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Mizuho upped their price objective on shares of Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Bank of America lifted their target price on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vertiv has an average rating of “Buy” and an average price target of $122.11.

Vertiv Stock Performance

The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The firm’s fifty day moving average is $101.51 and its 200-day moving average is $92.86. The stock has a market capitalization of $46.47 billion, a PE ratio of 82.33, a price-to-earnings-growth ratio of 1.36 and a beta of 1.58.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.07. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. Vertiv’s revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. As a group, research analysts anticipate that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were issued a $0.025 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 annualized dividend and a yield of 0.08%. Vertiv’s payout ratio is 6.67%.

Insider Activity at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of the company’s stock in a transaction on 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 directly owns 10,542 shares of the company’s stock, valued at $843,254.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 5.01% of the stock is currently owned by company insiders.

Institutional Trading of Vertiv

Several institutional investors and hedge funds have recently bought and sold shares of the business. Clearbridge Investments LLC raised its holdings in shares of Vertiv by 15.4% in the 2nd quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock worth $221,013,000 after acquiring an additional 340,639 shares during the last quarter. Whittier Trust Co. boosted its position in shares of Vertiv by 7.2% during the 3rd quarter. Whittier Trust Co. now owns 127,210 shares of the company’s stock valued at $12,656,000 after acquiring an additional 8,579 shares during the last quarter. Janney Capital Management LLC purchased a new stake in Vertiv during the 3rd quarter valued at about $8,403,000. Assenagon Asset Management S.A. boosted its holdings in shares of Vertiv by 190.7% during the third quarter. Assenagon Asset Management S.A. now owns 55,923 shares of the company’s stock worth $5,564,000 after purchasing an additional 36,684 shares during the period. Finally, Generate Investment Management Ltd raised its holdings in shares of Vertiv by 180.8% during the third quarter. Generate Investment Management Ltd now owns 598,372 shares of the company’s stock valued at $59,532,000 after acquiring an additional 385,251 shares in the last quarter. 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.