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

Vertiv Holdings Co (NYSE:VRT)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $117.02, but opened at $105.75. Vertiv shares last traded at $112.55, with a volume of 3,740,953 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Oppenheimer boosted their price objective on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Evercore ISI cut their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Barclays assumed coverage on shares of Vertiv in a report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price target for the company. Finally, Morgan Stanley started coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $139.36.

Vertiv Stock Down 3.6 %

The company’s fifty day simple moving average is $125.62 and its 200 day simple moving average is $106.30. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $42.32 billion, a PE ratio of 75.18, a price-to-earnings-growth ratio of 0.92 and a beta of 1.63.

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. The ex-dividend date was Tuesday, December 3rd. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. Vertiv’s payout ratio is currently 6.67%.

Insider Buying and Selling

In other news, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the sale, the insider now directly owns 19,448 shares of the company’s stock, valued at $2,751,114.08. The trade was a 61.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jan Van Dokkum sold 38,647 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $136.39, for a total value of $5,271,064.33. Following the completion of the sale, the director now owns 25,000 shares in the company, 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 have sold a total of 171,527 shares of company stock valued at $23,105,682 over the last ninety days. Company insiders own 5.01% of the company’s stock.

Hedge Funds Weigh In On Vertiv

Hedge funds have recently bought and sold shares of the company. Prakash Investment Advisors LLC purchased a new stake in Vertiv during the 4th quarter valued at $411,000. ING Groep NV purchased a new stake in shares of Vertiv during the fourth quarter valued at $19,030,000. Advyzon Investment Management LLC bought a new stake in Vertiv in the 4th quarter worth about $363,000. Handelsbanken Fonder AB raised its position in Vertiv by 15.3% in the 4th quarter. Handelsbanken Fonder AB now owns 384,674 shares of the company’s stock worth $43,703,000 after buying an additional 51,074 shares during the last quarter. Finally, WealthBridge Capital Management LLC bought a new position in Vertiv during the 4th quarter valued at about $360,000. 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.