Vertiv (NYSE:VRT) Shares Down 5.2%

Vertiv Holdings Co (NYSE:VRT) dropped 5.2% on Wednesday . The company traded as low as $84.39 and last traded at $86.31. Approximately 6,921,221 shares changed hands during trading, a decline of 18% from the average daily volume of 8,457,400 shares. The stock had previously closed at $91.00.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on VRT shares. JPMorgan Chase & Co. boosted their target price on shares of Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Evercore ISI lifted their price target on shares of Vertiv from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, June 14th. Mizuho upped their price target on Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Bank of America raised their price objective on Vertiv from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Finally, Citigroup upped their target price on Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and a consensus target price of $92.11.

Vertiv Trading Down 13.6 %

The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 2.09. The stock has a 50-day simple moving average of $93.23 and a 200 day simple moving average of $79.59. The company has a market cap of $29.42 billion, a price-to-earnings ratio of 76.76, a PEG ratio of 1.27 and a beta of 1.58.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the business posted $0.24 earnings per share. As a group, equities research analysts predict that Vertiv Holdings Co will post 2.44 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Monday, June 17th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date was Monday, June 17th. Vertiv’s dividend payout ratio is presently 9.62%.

Insider Activity

In related news, Director Doherty Philip O’ sold 2,511,295 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $93.64, for a total transaction of $235,157,663.80. Following the completion of the transaction, the director now owns 9,324,181 shares of the company’s stock, valued at $873,116,308.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Doherty Philip O’ sold 2,511,295 shares of Vertiv stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $93.64, for a total transaction of $235,157,663.80. Following the completion of the transaction, the director now directly owns 9,324,181 shares in the company, valued at $873,116,308.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Anders Karlborg sold 46,206 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $93.75, for a total value of $4,331,812.50. Following the completion of the sale, the executive vice president now owns 23,003 shares in the company, valued at approximately $2,156,531.25. The disclosure for this sale can be found here. Insiders have sold 4,162,739 shares of company stock valued at $400,713,362 in the last ninety days. Insiders own 5.01% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Bogart Wealth LLC purchased a new position in shares of Vertiv in the 1st quarter valued at about $25,000. GAMMA Investing LLC acquired a new position in shares of Vertiv during the 4th quarter worth approximately $26,000. Raleigh Capital Management Inc. lifted its position in shares of Vertiv by 79.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock valued at $27,000 after buying an additional 252 shares in the last quarter. Atticus Wealth Management LLC acquired a new stake in Vertiv in the 1st quarter valued at $27,000. Finally, Mather Group LLC. increased its holdings in Vertiv by 132.5% in the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds 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.