Vertiv (NYSE:VRT) Trading Down 2.4%

Shares of Vertiv Holdings Co (NYSE:VRT) were down 2.4% during trading on Tuesday . The stock traded as low as $96.16 and last traded at $97.13. Approximately 1,544,132 shares changed hands during trading, a decline of 82% from the average daily volume of 8,481,040 shares. The stock had previously closed at $99.49.

Wall Street Analysts Forecast Growth

VRT has been the topic of several research analyst reports. Mizuho upgraded shares of Vertiv from a “neutral” rating to an “outperform” rating and reduced their price objective for the company from $95.00 to $92.00 in a report on Wednesday, August 7th. The Goldman Sachs Group cut their target price on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Evercore ISI reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of Vertiv in a research note on Thursday, August 15th. Finally, TD Cowen increased their target price on Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $102.13.

Vertiv Stock Performance

The firm has a market capitalization of $36.75 billion, a price-to-earnings ratio of 93.39, a PEG ratio of 1.26 and a beta of 1.58. The firm has a 50 day moving average price of $81.04 and a 200-day moving average price of $86.61. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00.

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

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date was Tuesday, September 17th. Vertiv’s dividend payout ratio is presently 9.62%.

Insider Buying and Selling

In other news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the completion of the sale, the insider now directly owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.01% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Neville Rodie & Shaw Inc. grew its stake in shares of Vertiv by 58.2% in the 3rd quarter. Neville Rodie & Shaw Inc. now owns 15,970 shares of the company’s stock valued at $1,589,000 after purchasing an additional 5,875 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in shares of Vertiv during the second quarter worth $26,000. KP Management LLC grew its position in Vertiv by 9.1% in the 2nd quarter. KP Management LLC now owns 60,000 shares of the company’s stock valued at $5,194,000 after buying an additional 5,000 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Vertiv in the 2nd quarter valued at $1,632,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new position in Vertiv during the 2nd quarter worth $346,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.