Vertiv (NYSE:VRT) Trading Down 1.1% – Should You Sell?

Shares of Vertiv Holdings Co (NYSE:VRT) dropped 1.1% during mid-day trading on Thursday . The company traded as low as $104.62 and last traded at $106.94. Approximately 1,517,407 shares traded hands during trading, a decline of 82% from the average daily volume of 8,377,330 shares. The stock had previously closed at $108.12.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on VRT shares. Evercore ISI raised their price target on Vertiv from $105.00 to $125.00 and gave the company an “outperform” rating in a report on Monday, October 7th. TD Cowen upped their price target on shares of Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. The Goldman Sachs Group lowered their price objective on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Jefferies Financial Group began coverage on Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 target price for the company. Finally, Mizuho raised Vertiv from a “neutral” rating to an “outperform” rating and dropped their price objective for the stock from $95.00 to $92.00 in a research note on Wednesday, August 7th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $106.89.

Vertiv Price Performance

The stock has a 50-day moving average of $86.08 and a two-hundred day moving average of $88.16. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90. The firm has a market cap of $41.96 billion, a price-to-earnings ratio of 87.38, a price-to-earnings-growth ratio of 1.42 and a beta of 1.59.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.10. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share. On average, analysts anticipate that Vertiv Holdings Co will post 2.58 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were given a $0.025 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.09%. Vertiv’s dividend payout ratio (DPR) is presently 7.81%.

Insider Activity at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the transaction, the insider now owns 10,542 shares of the company’s stock, valued at $843,254.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.01% of the stock is owned by insiders.

Hedge Funds Weigh In On Vertiv

Institutional investors and hedge funds have recently modified their holdings of the stock. Creative Planning increased its position in Vertiv by 20.2% in the 3rd quarter. Creative Planning now owns 43,618 shares of the company’s stock worth $4,340,000 after purchasing an additional 7,341 shares during the last quarter. Novare Capital Management LLC grew its stake in shares of Vertiv by 44.8% in the 3rd quarter. Novare Capital Management LLC now owns 3,555 shares of the company’s stock valued at $354,000 after buying an additional 1,100 shares in the last quarter. ORG Partners LLC increased its holdings in Vertiv by 25.1% in the third quarter. ORG Partners LLC now owns 458 shares of the company’s stock worth $46,000 after buying an additional 92 shares during the last quarter. ORG Wealth Partners LLC bought a new position in Vertiv during the third quarter valued at approximately $36,000. Finally, Procyon Advisors LLC acquired a new stake in Vertiv in the third quarter valued at approximately $539,000. 89.92% of the stock is currently owned by hedge funds and other 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.