Vertiv (NYSE:VRT) Shares Down 0.3% – What’s Next?

Shares of Vertiv Holdings Co (NYSE:VRT) traded down 0.3% on Monday . The company traded as low as $102.56 and last traded at $105.76. 1,585,912 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 9,005,051 shares. The stock had previously closed at $106.04.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Cowen reaffirmed a “buy” rating on shares of Vertiv in a report on Thursday, April 24th. JPMorgan Chase & Co. raised their target price on Vertiv from $100.00 to $127.00 and gave the company an “overweight” rating in a report on Friday. Melius Research reiterated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Royal Bank of Canada began coverage on Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 price target for the company. Finally, Roth Capital upgraded Vertiv to a “strong-buy” rating in a research note on Monday, April 7th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $122.06.

Vertiv Trading Up 0.2%

The firm has a market cap of $40.51 billion, a PE ratio of 83.05, a PEG ratio of 1.07 and a beta of 1.70. The stock’s fifty day simple moving average is $82.70 and its 200-day simple moving average is $105.98. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The business’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. On average, sell-side analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. Vertiv’s dividend payout ratio (DPR) is 8.72%.

Insider Activity

In other news, insider Karsten Winther sold 5,500 shares of the firm’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the transaction, the insider now directly owns 18,847 shares of the company’s stock, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.63% of the company’s stock.

Hedge Funds Weigh In On Vertiv

Several hedge funds and other institutional investors have recently modified their holdings of the business. Fifth Third Bancorp raised its stake in Vertiv by 8.1% during the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock worth $128,000 after purchasing an additional 84 shares during the period. Prestige Wealth Management Group LLC grew its holdings in shares of Vertiv by 2.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company’s stock valued at $420,000 after purchasing an additional 85 shares in the last quarter. Horizon Investment Services LLC grew its holdings in Vertiv by 4.1% during the 4th quarter. Horizon Investment Services LLC now owns 2,410 shares of the company’s stock worth $274,000 after acquiring an additional 95 shares in the last quarter. Focus Partners Advisor Solutions LLC grew its holdings in Vertiv by 3.1% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company’s stock worth $367,000 after acquiring an additional 97 shares in the last quarter. Finally, Utah Retirement Systems grew its holdings in Vertiv by 0.3% during the 4th quarter. Utah Retirement Systems now owns 39,300 shares of the company’s stock worth $4,465,000 after acquiring an additional 100 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

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.