Vertiv (NYSE:VRT) Sees Unusually-High Trading Volume – What’s Next?

Vertiv Holdings Co (NYSE:VRT) shares saw strong trading volume on Tuesday . 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.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VRT. Oppenheimer raised their price objective on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research note on Tuesday. The Goldman Sachs Group upped their price target on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Melius Research reiterated a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a research report on Tuesday. Finally, Jefferies Financial Group assumed coverage on shares of Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.36.

Vertiv Price Performance

The firm has a market cap of $39.83 billion, a PE ratio of 70.37, a price-to-earnings-growth ratio of 1.16 and a beta of 1.63. The company has a 50 day moving average price of $127.86 and a 200 day moving average price of $105.60. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60.

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were given a $0.0375 dividend. 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 boost from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio (DPR) is currently 6.67%.

Insider Buying and Selling

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the firm’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 transaction, the executive vice president now owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Anand Sanghi sold 30,914 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the sale, the insider now directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock worth $23,105,682 in the last three months. Corporate insiders own 5.01% of the company’s stock.

Institutional Trading of Vertiv

A number of hedge funds have recently bought and sold shares of VRT. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv during the fourth quarter worth $26,000. OLD Second National Bank of Aurora purchased a new stake in Vertiv in the 4th quarter valued at about $30,000. Krane Funds Advisors LLC acquired a new position in shares of Vertiv during the 3rd quarter valued at about $29,000. Anchor Investment Management LLC purchased a new position in shares of Vertiv during the 2nd quarter worth about $26,000. Finally, Global Trust Asset Management LLC acquired a new stake in shares of Vertiv in the third quarter worth approximately $30,000. 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.