Vertiv (NYSE:VRT) Shares Down 5.9%

Vertiv Holdings Co (NYSE:VRT)’s stock price traded down 5.9% on Monday . The stock traded as low as $62.40 and last traded at $65.34. 5,959,184 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 8,748,222 shares. The stock had previously closed at $69.46.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on VRT shares. TD Cowen boosted their target price on shares of Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Mizuho boosted their target price on Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Oppenheimer boosted their target price on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. boosted their target price on Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Finally, Citigroup upped their price target on shares of Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $96.56.

Vertiv Stock Down 2.4 %

The company’s fifty day moving average is $89.25 and its 200-day moving average is $81.08. The company has a market capitalization of $25.37 billion, a PE ratio of 65.18, a price-to-earnings-growth ratio of 0.97 and a beta of 1.58. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.98 and a current ratio of 1.36.

Vertiv (NYSE:VRT) last released its earnings results 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. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates 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 in the prior year, the firm posted $0.46 EPS. As a group, analysts predict that Vertiv Holdings Co will post 2.58 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Monday, June 17th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.15%. The ex-dividend date of this dividend was Monday, June 17th. Vertiv’s dividend payout ratio is 9.62%.

Insider Buying and Selling

In other Vertiv news, Director Doherty Philip O’ sold 9,529 shares of the company’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 value of $1,041,519.70. Following the completion of the transaction, the director now directly owns 6,882,859 shares in the company, valued at approximately $752,296,488.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Roger Fradin sold 16,667 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $103.86, for a total transaction of $1,731,034.62. Following the completion of the transaction, the director now directly 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 can be accessed through this hyperlink. Also, Director Doherty Philip O’ sold 9,529 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $109.30, for a total value of $1,041,519.70. Following the transaction, the director now owns 6,882,859 shares of the company’s stock, valued at $752,296,488.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,115,865 shares of company stock valued at $115,378,949. 5.01% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. raised its holdings in Vertiv by 16.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 28,193 shares of the company’s stock valued at $1,354,000 after buying an additional 4,028 shares during the period. Arizona State Retirement System raised its holdings in Vertiv by 8.8% during the 4th quarter. Arizona State Retirement System now owns 94,126 shares of the company’s stock valued at $4,521,000 after buying an additional 7,627 shares during the period. Asset Management One Co. Ltd. purchased a new stake in Vertiv during the 4th quarter valued at $6,819,000. Arkadios Wealth Advisors purchased a new stake in Vertiv in the fourth quarter worth $201,000. Finally, DekaBank Deutsche Girozentrale increased its stake in Vertiv by 7,552.9% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 338,027 shares of the company’s stock worth $16,878,000 after purchasing an additional 333,610 shares during the period. 89.92% of the stock is currently owned by 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.