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

Vertiv Holdings Co (NYSE:VRT) was down 1% during mid-day trading on Monday . The company traded as low as $105.86 and last traded at $108.18. Approximately 7,151,695 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 10,545,410 shares. The stock had previously closed at $109.28.

Analyst Ratings Changes

A number of research firms have issued reports on VRT. JPMorgan Chase & Co. increased their target price on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Morgan Stanley began coverage on Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target for the company. Evercore ISI decreased their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a report on Tuesday, January 28th. Finally, Fox Advisors began coverage on Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating for the company. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Vertiv has an average rating of “Moderate Buy” and a consensus price target of $138.57.

Vertiv Stock Down 2.1 %

The company has a market cap of $40.40 billion, a P/E ratio of 84.10, a PEG ratio of 1.10 and a beta of 1.64. The business’s 50 day moving average price is $122.27 and its 200-day moving average price is $109.31. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 69.69% and a net margin of 6.19%. During the same quarter in the prior year, the company earned $0.56 earnings per share. On average, analysts anticipate that Vertiv Holdings Co will post 3.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Stephen Liang sold 86,619 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value 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. This represents a 81.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the transaction, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. This represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 156,180 shares of company stock valued at $20,997,311. Company insiders own 5.01% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Toronto Dominion Bank increased its stake in Vertiv by 7.1% during the 4th quarter. Toronto Dominion Bank now owns 46,629 shares of the company’s stock worth $5,298,000 after acquiring an additional 3,108 shares during the period. Richmond Investment Services LLC acquired a new position in shares of Vertiv in the 4th quarter worth approximately $700,000. Vega Investment Solutions bought a new stake in shares of Vertiv during the 4th quarter valued at about $1,625,000. Sunbelt Securities Inc. grew its holdings in Vertiv by 13.6% in the fourth quarter. Sunbelt Securities Inc. now owns 15,533 shares of the company’s stock worth $1,804,000 after purchasing an additional 1,862 shares during the period. Finally, GTS Securities LLC raised its position in shares of Vertiv by 105.8% during the fourth quarter. GTS Securities LLC now owns 1,786 shares of the company’s stock worth $203,000 after purchasing an additional 32,729 shares during the period. Institutional investors and hedge funds 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.