Vertiv (NYSE:VRT) Trading Down 2.7% – What’s Next?

Vertiv Holdings Co (NYSE:VRT) shares traded down 2.7% on Wednesday . The company traded as low as $106.89 and last traded at $107.03. 1,617,160 shares traded hands during trading, a decline of 84% from the average session volume of 9,943,760 shares. The stock had previously closed at $109.96.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on VRT shares. The Goldman Sachs Group increased their price objective on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Morgan Stanley started coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target for the company. Bank of America lifted their price objective on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Melius Research reiterated a “hold” rating and issued a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.57.

Vertiv Trading Down 8.5 %

The company has a fifty day simple moving average of $121.49 and a 200-day simple moving average of $109.27. The stock has a market cap of $36.00 billion, a price-to-earnings ratio of 74.93, a P/E/G ratio of 1.10 and a beta of 1.64. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same period in the prior year, the firm posted $0.56 earnings per share. On average, research analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the transaction, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jan Van Dokkum sold 38,647 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the completion of the transaction, the director now directly owns 25,000 shares in the company, valued at $3,409,750. The trade was a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.01% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Vertiv by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock valued at $4,130,415,000 after purchasing an additional 1,244,780 shares in the last quarter. Jennison Associates LLC raised its holdings in Vertiv by 68.6% during the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock worth $880,971,000 after purchasing an additional 3,153,932 shares during the last quarter. State Street Corp raised its stake in shares of Vertiv by 4.2% during the third quarter. State Street Corp now owns 7,635,081 shares of the company’s stock worth $759,614,000 after buying an additional 308,704 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Vertiv by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company’s stock valued at $688,260,000 after purchasing an additional 99,181 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new position in Vertiv during the fourth quarter worth about $597,379,000. 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.