Vertiv (NYSE:VRT) Trading Down 2.1%

Vertiv Holdings Co (NYSE:VRT)’s stock price dropped 2.1% during trading on Thursday . The stock traded as low as $76.90 and last traded at $77.08. Approximately 2,557,728 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 8,659,909 shares. The stock had previously closed at $78.70.

Wall Street Analyst Weigh In

VRT has been the subject of several analyst reports. Evercore ISI boosted their target price on Vertiv from $95.00 to $105.00 and gave the stock an “outperform” rating in a research note on Friday, June 14th. Mizuho increased their price objective on Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Citigroup raised their price objective on shares of Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Oppenheimer upped their price objective on shares of Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Finally, Bank of America boosted their target price on Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.56.

Vertiv Stock Performance

The stock’s fifty day simple moving average is $90.52 and its 200-day simple moving average is $80.54. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.98 and a current ratio of 1.36. The company has a market capitalization of $28.00 billion, a PE ratio of 71.96, a price-to-earnings-growth ratio of 0.95 and a beta of 1.58.

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

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.13%. Vertiv’s dividend payout ratio is currently 9.62%.

Insider Transactions at Vertiv

In related news, Director Roger Fradin sold 16,667 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $103.86, for a total value of $1,731,034.62. Following the completion of the transaction, the director now owns 218,333 shares in the company, valued at approximately $22,676,065.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Vertiv news, Director Roger Fradin sold 16,667 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $103.86, for a total value of $1,731,034.62. Following the transaction, the director now owns 218,333 shares in the company, valued at $22,676,065.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Anders Karlborg sold 46,206 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $93.75, for a total value of $4,331,812.50. Following the sale, the executive vice president now directly owns 23,003 shares of the company’s stock, valued at $2,156,531.25. The disclosure for this sale can be found here. Insiders have sold 1,162,739 shares of company stock valued at $119,773,814 in the last quarter. Insiders own 5.01% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Bogart Wealth LLC bought a new stake in Vertiv during the 1st quarter valued at approximately $25,000. GAMMA Investing LLC bought a new stake in Vertiv in the 4th quarter valued at $26,000. Raleigh Capital Management Inc. increased its holdings in shares of Vertiv by 79.0% during the 4th 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. Atticus Wealth Management LLC acquired a new position in shares of Vertiv during the first quarter valued at about $27,000. Finally, Mather Group LLC. grew its position in Vertiv by 132.5% during the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after buying an additional 200 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

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.