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

Vertiv Holdings Co. (NYSE:VRT)’s share price dropped 1.2% during trading on Tuesday . The company traded as low as $197.38 and last traded at $199.50. Approximately 6,631,719 shares changed hands during mid-day trading, an increase of 23% from the average daily volume of 5,408,210 shares. The stock had previously closed at $202.00.

Wall Street Analyst Weigh In

Several brokerages have commented on VRT. Weiss Ratings lowered shares of Vertiv from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 29th. Oppenheimer lifted their price objective on shares of Vertiv from $190.00 to $195.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. JPMorgan Chase & Co. reduced their target price on Vertiv from $230.00 to $225.00 and set an “overweight” rating for the company in a report on Friday, January 16th. UBS Group lifted their price objective on shares of Vertiv from $173.00 to $201.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $216.00 target price on Vertiv and gave the company a “buy” rating in a report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $187.89.

Vertiv Price Performance

The company’s 50 day moving average price is $175.10 and its 200 day moving average price is $161.93. The firm has a market capitalization of $76.28 billion, a P/E ratio of 75.28, a PEG ratio of 1.20 and a beta of 2.08. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.83 and a quick ratio of 1.43.

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, November 25th were given a dividend of $0.0625 per share. This is a positive change from Vertiv’s previous quarterly dividend of $0.04. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Tuesday, November 25th. Vertiv’s payout ratio is 9.43%.

Insider Buying and Selling at Vertiv

In other news, EVP Stephen Liang sold 5,501 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $170.48, for a total value of $937,810.48. Following the completion of the transaction, the executive vice president owned 4,050 shares in the company, valued at $690,444. This represents a 57.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.01% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vertiv

A number of institutional investors have recently added to or reduced their stakes in VRT. Norges Bank bought a new position in shares of Vertiv in the fourth quarter worth $808,701,000. Winslow Capital Management LLC purchased a new position in Vertiv in the second quarter worth $459,284,000. Nordea Investment Management AB increased its position in shares of Vertiv by 100.1% during the 2nd quarter. Nordea Investment Management AB now owns 3,246,769 shares of the company’s stock valued at $415,132,000 after purchasing an additional 1,624,456 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of Vertiv by 148.0% during the third quarter. Schroder Investment Management Group now owns 1,828,750 shares of the company’s stock worth $275,885,000 after acquiring an additional 1,091,210 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Vertiv by 102.7% in the second quarter. SG Americas Securities LLC now owns 26,837 shares of the company’s stock worth $3,446,000 after purchasing an additional 1,026,837 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Company Profile

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.