Vertiv (NYSE:VRT) Stock Price Down 1% – Time to Sell?

Shares of Vertiv Holdings Co (NYSE:VRT) fell 1% on Thursday . The stock traded as low as $125.20 and last traded at $129.35. 4,113,388 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 6,702,735 shares. The stock had previously closed at $130.64.

Wall Street Analyst Weigh In

A number of analysts recently commented on VRT shares. Bank of America upped their price objective on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Barclays started coverage on Vertiv in a research note on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 price objective for the company. Morgan Stanley started coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. Mizuho upped their price objective on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Finally, Oppenheimer increased their price target on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $140.92.

Vertiv Stock Performance

The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The firm has a fifty day moving average price of $124.74 and a two-hundred day moving average price of $102.01. The stock has a market capitalization of $48.40 billion, a PE ratio of 85.97, a P/E/G ratio of 1.29 and a beta of 1.63.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. Vertiv’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period last year, the business posted $0.52 EPS. Research analysts expect that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were given a $0.0375 dividend. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

Insider Transactions at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the sale, the executive vice president now owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. The trade was a 81.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jan Van Dokkum sold 38,647 shares of Vertiv stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the transaction, the director now owns 25,000 shares of the company’s stock, valued at $3,409,750. The trade was a 60.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 171,527 shares of company stock valued at $23,105,682 in the last quarter. 5.01% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Vertiv

Institutional investors have recently modified their holdings of the stock. ORG Partners LLC increased its stake in shares of Vertiv by 108.7% in the 4th quarter. ORG Partners LLC now owns 956 shares of the company’s stock valued at $109,000 after purchasing an additional 498 shares in the last quarter. Watts Gwilliam & Co. LLC purchased a new position in shares of Vertiv in the 4th quarter valued at about $1,671,000. First Hawaiian Bank increased its stake in shares of Vertiv by 56.5% in the 4th quarter. First Hawaiian Bank now owns 3,447 shares of the company’s stock valued at $392,000 after purchasing an additional 1,244 shares in the last quarter. Fulton Bank N.A. boosted its holdings in Vertiv by 6.6% in the 4th quarter. Fulton Bank N.A. now owns 3,252 shares of the company’s stock worth $369,000 after buying an additional 201 shares during the last quarter. Finally, Diversified Trust Co boosted its holdings in Vertiv by 0.4% in the 4th quarter. Diversified Trust Co now owns 32,688 shares of the company’s stock worth $3,714,000 after buying an additional 123 shares during the last quarter. 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.