Vertiv (NYSE:VRT) Trading Down 3.7% – What’s Next?

Vertiv Holdings Co (NYSE:VRT)’s share price was down 3.7% during trading on Thursday . The stock traded as low as $104.00 and last traded at $103.85. Approximately 2,949,612 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 9,862,411 shares. The stock had previously closed at $107.84.

Wall Street Analyst Weigh In

VRT has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Oppenheimer lifted their price objective 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. Bank of America upped their target price on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Morgan Stanley began coverage on Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target for the company. Finally, Citigroup boosted their price target on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Vertiv currently has a consensus rating of “Moderate Buy” and an average price target of $138.57.

Vertiv Trading Down 3.9 %

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 company’s 50-day moving average is $121.91 and its 200 day moving average is $109.30. The company has a market cap of $38.88 billion, a price-to-earnings ratio of 80.93, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 69.69% and a net margin of 6.19%. During the same quarter in the previous year, the firm posted $0.56 EPS. Research analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Insider Transactions at Vertiv

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 156,180 shares of company stock valued at $20,997,311 in the last three months. 5.01% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vertiv

Hedge funds and other institutional investors have recently modified their holdings of the business. Silverleafe Capital Partners LLC purchased a new position in Vertiv in the 4th quarter worth approximately $4,219,000. Foundations Investment Advisors LLC lifted its position in Vertiv by 7.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after buying an additional 13,559 shares in the last quarter. Empowered Funds LLC boosted its stake in Vertiv by 67.0% during the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock worth $1,043,000 after buying an additional 3,682 shares during the last quarter. Janney Capital Management LLC acquired a new position in Vertiv during the third quarter worth $8,403,000. Finally, Gordian Capital Singapore Pte Ltd grew its holdings in Vertiv by 112.5% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock valued at $846,000 after buying an additional 4,500 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other 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.