Vertiv (NYSE:VRT) Stock Price Down 2.7% – Here’s What Happened

Vertiv Holdings Co (NYSE:VRT)’s share price fell 2.7% on Wednesday . The stock traded as low as $106.89 and last traded at $107.03. Approximately 1,617,160 shares changed hands during trading, a decline of 84% from the average session volume of 9,943,760 shares. The stock had previously closed at $109.96.

Analyst Ratings Changes

A number of research firms recently commented on VRT. Oppenheimer lifted their price objective on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Evercore ISI reduced their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Melius Research reissued a “hold” rating and set a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Morgan Stanley assumed coverage on Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. Finally, Mizuho raised their price target on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

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 company has a fifty day moving average of $122.27 and a two-hundred day moving average of $109.31. The stock has a market capitalization of $40.63 billion, a P/E ratio of 84.64, a price-to-earnings-growth ratio of 1.10 and a beta of 1.64.

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

Insiders Place Their Bets

In other news, Director Jan Van Dokkum sold 38,647 shares of Vertiv stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the sale, the director now owns 25,000 shares of the company’s stock, valued at approximately $3,409,750. The trade was a 60.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 156,180 shares of company stock valued at $20,997,311 over the last quarter. Insiders own 5.01% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA acquired a new stake in Vertiv in the fourth quarter worth about $597,379,000. Jennison Associates LLC lifted its stake in shares of Vertiv by 10,825.0% in the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after acquiring an additional 4,558,306 shares during the period. Norges Bank bought a new position in shares of Vertiv in the fourth quarter valued at approximately $391,777,000. Wellington Management Group LLP increased its stake in shares of Vertiv by 271.0% during the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after acquiring an additional 2,860,181 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Vertiv by 136.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company’s stock worth $379,101,000 after purchasing an additional 1,928,275 shares in the last quarter. 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.