Vertiv (NYSE:VRT) Shares Gap Down – Should You Sell?

Vertiv Holdings Co (NYSE:VRT) gapped down before the market opened on Monday . The stock had previously closed at $146.32, but opened at $117.05. Vertiv shares last traded at $110.19, with a volume of 14,836,098 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a report on Tuesday. TD Cowen boosted their target price on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Morgan Stanley started coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 price target on the stock. Bank of America boosted 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. Finally, Fox Advisors assumed coverage on Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $139.36.

Vertiv Trading Up 3.4 %

The firm has a market cap of $39.84 billion, a price-to-earnings ratio of 70.76, a price-to-earnings-growth ratio of 1.16 and a beta of 1.63. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The business has a 50 day moving average price of $127.16 and a 200-day moving average price of $105.72.

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 paid a dividend of $0.0375 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio (DPR) is currently 6.67%.

Insider Activity

In other Vertiv news, Director Jakki L. Haussler sold 15,347 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the completion of the transaction, the director now directly owns 3,425 shares of the company’s stock, valued at $470,526.50. This trade represents a 81.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the sale, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at approximately $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. Over the last three months, insiders sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vertiv

Institutional investors have recently made changes to their positions in the company. SOA Wealth Advisors LLC. bought a new position in shares of Vertiv during the fourth quarter valued at approximately $26,000. OLD Second National Bank of Aurora bought a new position in Vertiv during the 4th quarter worth $30,000. Krane Funds Advisors LLC acquired a new stake in Vertiv in the third quarter worth $29,000. Anchor Investment Management LLC bought a new stake in Vertiv in the second quarter valued at $26,000. Finally, Global Trust Asset Management LLC bought a new position in shares of Vertiv during the third quarter worth about $30,000. 89.92% of the stock is currently 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.