Vertiv (NYSE:VRT) Trading Down 1.8% – Here’s Why

Shares of Vertiv Holdings Co (NYSE:VRT) fell 1.8% during trading on Tuesday . The company traded as low as $97.50 and last traded at $100.73. 10,381,504 shares were traded during mid-day trading, an increase of 14% from the average session volume of 9,123,183 shares. The stock had previously closed at $102.60.

Wall Street Analysts Forecast Growth

VRT has been the topic of several research reports. UBS Group initiated coverage on shares of Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target on the stock. Oppenheimer boosted their target price on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Barclays assumed coverage on shares of Vertiv in a report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price target for the company. Melius Research restated a “hold” rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday. Finally, JPMorgan Chase & Co. upped their target price on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Vertiv currently has a consensus rating of “Moderate Buy” and an average target price of $139.36.

Vertiv Stock Up 3.4 %

The firm’s 50 day moving average price is $127.86 and its two-hundred day moving average price is $105.60. The company has a market cap of $39.84 billion, a P/E ratio of 70.76, a price-to-earnings-growth ratio of 1.16 and a beta of 1.63. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $0.0375 per share. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. Vertiv’s payout ratio is currently 6.67%.

Insider Activity at Vertiv

In related news, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the sale, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction on 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 transaction, the director now directly owns 3,425 shares in the company, valued at $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. SOA Wealth Advisors LLC. purchased a new position in shares of Vertiv in the 4th quarter worth about $26,000. OLD Second National Bank of Aurora bought a new stake in Vertiv in the fourth quarter worth about $30,000. Krane Funds Advisors LLC purchased a new position in Vertiv in the third quarter valued at about $29,000. Anchor Investment Management LLC purchased a new position in Vertiv in the second quarter valued at about $26,000. Finally, Global Trust Asset Management LLC bought a new position in shares of Vertiv during the 3rd quarter valued at approximately $30,000. Institutional investors own 89.92% of the company’s stock.

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.