Vertiv (NYSE:VRT) Stock Price Down 1.2% – Time to Sell?

Shares of Vertiv Holdings Co (NYSE:VRT) dropped 1.2% on Tuesday . The stock traded as low as $114.10 and last traded at $114.72. Approximately 912,378 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 7,971,463 shares. The stock had previously closed at $116.16.

Analysts Set New Price Targets

A number of research firms recently commented on VRT. Evercore ISI increased their price objective on Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Oppenheimer upped their price objective on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. TD Cowen boosted their price objective on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Bank of America boosted their target price on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Citigroup increased their target price on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $140.09.

Vertiv Stock Performance

The stock has a market cap of $42.64 billion, a P/E ratio of 75.74, a PEG ratio of 1.29 and a beta of 1.61. The stock has a fifty day simple moving average of $122.38 and a 200-day simple moving average of $100.30. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the firm earned $0.52 EPS. Vertiv’s quarterly revenue was up 19.0% compared to the same quarter last year. Equities analysts expect that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend was Tuesday, December 3rd. This is an increase from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

Insiders Place Their Bets

In other news, Director Jakki L. Haussler sold 15,347 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the completion of the transaction, the director now directly owns 3,425 shares of the company’s stock, valued at $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the sale, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. The trade was a 61.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 171,527 shares of company stock worth $23,105,682 over the last ninety days. 5.01% of the stock is currently owned by corporate insiders.

Institutional Trading of Vertiv

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. ORG Partners LLC boosted its position in Vertiv by 25.1% during the third quarter. ORG Partners LLC now owns 458 shares of the company’s stock valued at $46,000 after purchasing an additional 92 shares during the last quarter. Allworth Financial LP grew its stake in shares of Vertiv by 18.6% in the third quarter. Allworth Financial LP now owns 638 shares of the company’s stock valued at $63,000 after buying an additional 100 shares in the last quarter. NBC Securities Inc. increased its holdings in Vertiv by 0.9% during the third quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock worth $1,305,000 after buying an additional 112 shares during the last quarter. Nvwm LLC raised its position in Vertiv by 1.3% during the third quarter. Nvwm LLC now owns 10,035 shares of the company’s stock worth $998,000 after acquiring an additional 124 shares in the last quarter. Finally, Callan Family Office LLC lifted its stake in Vertiv by 0.9% in the third quarter. Callan Family Office LLC now owns 14,989 shares of the company’s stock valued at $1,491,000 after acquiring an additional 137 shares during the last quarter. 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.