Vertiv (NYSE:VRT) Shares Down 2.7%

Shares of Vertiv Holdings Co (NYSE:VRT) traded down 2.7% on Monday . The company traded as low as $82.81 and last traded at $84.24. 3,133,428 shares were traded during mid-day trading, a decline of 63% from the average session volume of 8,492,379 shares. The stock had previously closed at $86.57.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Oppenheimer raised their price objective on Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Bank of America lifted their price target on Vertiv from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. JPMorgan Chase & Co. lifted their price target on Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Mizuho lifted their price target on Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. Finally, The Goldman Sachs Group lifted their price target on Vertiv from $103.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, May 17th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vertiv has an average rating of “Moderate Buy” and a consensus price target of $92.11.

Vertiv Stock Performance

The stock has a market capitalization of $32.94 billion, a PE ratio of 84.62, a price-to-earnings-growth ratio of 1.26 and a beta of 1.58. The firm’s fifty day moving average is $94.44 and its 200-day moving average is $75.16. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 2.09.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. Vertiv’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.24 EPS. As a group, research analysts anticipate that Vertiv Holdings Co will post 2.43 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Monday, June 17th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.11%. The ex-dividend date of this dividend was Monday, June 17th. Vertiv’s dividend payout ratio is currently 9.62%.

Insider Buying and Selling at Vertiv

In other Vertiv news, Director Doherty Philip O’ sold 9,529 shares of Vertiv stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $109.30, for a total value of $1,041,519.70. Following the completion of the transaction, the director now directly owns 6,882,859 shares of the company’s stock, valued at approximately $752,296,488.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Doherty Philip O’ sold 9,529 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $109.30, for a total transaction of $1,041,519.70. Following the completion of the sale, the director now owns 6,882,859 shares in the company, valued at $752,296,488.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Roger Fradin sold 16,667 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 218,333 shares of the company’s stock, valued at approximately $22,676,065.38. The disclosure for this sale can be found here. Insiders sold a total of 4,162,739 shares of company stock valued at $400,713,362 in the last three months. 5.01% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vertiv

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in Vertiv by 22.3% during the first quarter. GAMMA Investing LLC now owns 653 shares of the company’s stock worth $53,000 after acquiring an additional 119 shares during the period. Lindbrook Capital LLC increased its position in Vertiv by 33.2% during the 1st quarter. Lindbrook Capital LLC now owns 550 shares of the company’s stock worth $45,000 after purchasing an additional 137 shares in the last quarter. Quadrant Capital Group LLC increased its position in Vertiv by 24.7% during the 4th quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock worth $41,000 after purchasing an additional 170 shares in the last quarter. Farmers & Merchants Investments Inc. increased its position in Vertiv by 66.7% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 500 shares of the company’s stock worth $41,000 after purchasing an additional 200 shares in the last quarter. Finally, Simon Quick Advisors LLC increased its position in Vertiv by 1.0% during the 4th quarter. Simon Quick Advisors LLC now owns 20,065 shares of the company’s stock worth $964,000 after purchasing an additional 205 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

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.