Vertiv (NYSE:VRT) Trading Down 3.7%

Vertiv Holdings Co (NYSE:VRT)’s share price dropped 3.7% during mid-day trading on Wednesday . The stock traded as low as $78.52 and last traded at $79.62. Approximately 2,686,128 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 7,348,925 shares. The stock had previously closed at $82.67.

Analysts Set New Price Targets

A number of brokerages have recently commented on VRT. Citigroup raised their target price on shares of Vertiv from $49.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, December 11th. The Goldman Sachs Group raised their price objective on Vertiv from $46.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, November 30th. JPMorgan Chase & Co. upped their target price on Vertiv from $53.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Evercore ISI raised their target price on Vertiv from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, March 13th. Finally, Mizuho boosted their price target on Vertiv from $50.00 to $56.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $61.38.

Vertiv Stock Performance

The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 1.45. The company has a 50 day moving average of $66.33 and a 200 day moving average of $50.88. The firm has a market cap of $31.19 billion, a price-to-earnings ratio of 69.20, a PEG ratio of 1.29 and a beta of 1.57.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. Vertiv had a net margin of 6.71% and a return on equity of 39.46%. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the firm earned $0.28 earnings per share. The business’s revenue was up 12.7% compared to the same quarter last year. As a group, equities research analysts expect that Vertiv Holdings Co will post 2.35 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were paid a $0.025 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a yield of 0.12%. Vertiv’s dividend payout ratio (DPR) is 8.47%.

Insider Activity at Vertiv

In other Vertiv news, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction on Friday, March 1st. The shares were sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the transaction, the executive vice president now owns 51,841 shares of the company’s stock, valued at $3,641,311.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Stephen Liang sold 306,196 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the sale, the executive vice president now directly owns 51,841 shares in the company, valued at approximately $3,641,311.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Scott Cripps sold 56,594 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $70.76, for a total value of $4,004,591.44. The disclosure for this sale can be found here. Corporate insiders own 5.62% of the company’s stock.

Institutional Trading of Vertiv

Several hedge funds have recently bought and sold shares of VRT. Quadrant Capital Group LLC boosted its position in shares of Vertiv by 24.7% during the fourth quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock worth $41,000 after buying an additional 170 shares during the period. Pitcairn Co. increased its holdings in shares of Vertiv by 1.1% during the fourth quarter. Pitcairn Co. now owns 18,608 shares of the company’s stock valued at $894,000 after purchasing an additional 200 shares during the period. Simon Quick Advisors LLC increased its holdings in shares of Vertiv by 1.0% during the fourth quarter. Simon Quick Advisors LLC now owns 20,065 shares of the company’s stock valued at $964,000 after purchasing an additional 205 shares during the period. Hanseatic Management Services Inc. raised its stake in shares of Vertiv by 0.8% during the third quarter. Hanseatic Management Services Inc. now owns 29,541 shares of the company’s stock valued at $1,099,000 after purchasing an additional 246 shares in the last quarter. Finally, Raleigh Capital Management Inc. lifted its holdings in Vertiv by 79.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock worth $27,000 after purchasing an additional 252 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.