Vertiv (NYSE:VRT) Stock Price Down 0.4% – Should You Sell?

Vertiv Holdings Co (NYSE:VRT)’s share price was down 0.4% during trading on Friday . The stock traded as low as $103.96 and last traded at $104.97. Approximately 1,477,405 shares changed hands during trading, a decline of 84% from the average daily volume of 9,013,209 shares. The stock had previously closed at $105.38.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on VRT shares. JPMorgan Chase & Co. raised their price objective on Vertiv from $100.00 to $127.00 and gave the company an “overweight” rating in a research report on Friday. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a report on Tuesday, January 28th. Cowen restated a “buy” rating on shares of Vertiv in a report on Thursday, April 24th. The Goldman Sachs Group reduced their price target on Vertiv from $135.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Finally, Royal Bank of Canada started coverage on Vertiv in a report on Friday, March 7th. They set an “outperform” rating and a $121.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $122.06.

Vertiv Price Performance

The firm has a fifty day moving average of $82.70 and a 200 day moving average of $106.00. The company has a market capitalization of $40.40 billion, a P/E ratio of 82.82, a P/E/G ratio of 1.07 and a beta of 1.70. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the company earned $0.43 EPS. Vertiv’s revenue for the quarter was up 24.2% on a year-over-year basis. On average, equities research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.14%. Vertiv’s payout ratio is 8.72%.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the business’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the sale, the insider now directly owns 18,847 shares in the company, valued at $1,777,837.51. The trade was a 22.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 5.01% of the company’s stock.

Institutional Investors Weigh In On Vertiv

A number of large investors have recently made changes to their positions in VRT. Massachusetts Financial Services Co. MA bought a new stake in shares of Vertiv during the 4th quarter valued at about $597,379,000. Norges Bank bought a new stake in shares of Vertiv during the 4th quarter valued at about $391,777,000. Amundi grew its stake in shares of Vertiv by 96.8% during the 1st quarter. Amundi now owns 6,951,773 shares of the company’s stock valued at $469,490,000 after purchasing an additional 3,420,144 shares during the period. Jennison Associates LLC grew its stake in shares of Vertiv by 68.6% during the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock valued at $880,971,000 after purchasing an additional 3,153,932 shares during the period. Finally, 1832 Asset Management L.P. grew its stake in shares of Vertiv by 985.3% during the 1st quarter. 1832 Asset Management L.P. now owns 2,301,700 shares of the company’s stock valued at $166,183,000 after purchasing an additional 2,089,612 shares during the period. 89.92% of the stock is currently owned by institutional investors.

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.