Vertiv (NYSE:VRT) Sees Large Volume Increase – Here’s Why

Vertiv Holdings Co (NYSE:VRT) shares saw unusually-high trading volume on Tuesday . Approximately 8,671,583 shares changed hands during mid-day trading, a decline of 4% from the previous session’s volume of 8,989,386 shares.The stock last traded at $102.55 and had previously closed at $102.60.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VRT. JPMorgan Chase & Co. upped their price objective on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research report on Tuesday. Morgan Stanley assumed coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective on the stock. Barclays assumed coverage on shares of Vertiv in a research report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price target on the stock. Finally, Oppenheimer increased their price objective on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Vertiv has an average rating of “Moderate Buy” and an average target price of $139.36.

Vertiv Price Performance

The firm has a market cap of $43.02 billion, a P/E ratio of 76.41, a P/E/G 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. The company has a 50-day moving average of $126.63 and a 200 day moving average of $105.75.

Vertiv Increases Dividend

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

Insider Activity at Vertiv

In other news, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the sale, 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 disclosure for this sale can be found here. Insiders sold 171,527 shares of company stock valued at $23,105,682 in the last three months. Corporate insiders own 5.01% of the company’s stock.

Hedge Funds Weigh In On Vertiv

Hedge funds and other institutional investors have recently bought and sold shares of the business. Anchor Investment Management LLC bought a new stake in shares of Vertiv in the second quarter worth about $26,000. SOA Wealth Advisors LLC. bought a new stake in shares of Vertiv during the fourth quarter worth $26,000. Krane Funds Advisors LLC bought a new stake in Vertiv in the 3rd quarter valued at $29,000. Global Trust Asset Management LLC acquired a new position in Vertiv in the 3rd quarter worth $30,000. Finally, Mark Sheptoff Financial Planning LLC raised its stake in shares of Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the period. 89.92% of the stock is owned by institutional investors.

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.