Vertiv (NYSE:VRT) Shares Down 1.8% – Should You Sell?

Vertiv Holdings Co (NYSE:VRT) shares traded down 1.8% during trading on Tuesday . The company traded as low as $97.50 and last traded at $100.73. 10,381,504 shares were traded during mid-day trading, an increase of 14% from the average session volume of 9,123,183 shares. The stock had previously closed at $102.60.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Fox Advisors assumed coverage on Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating on the stock. Melius lowered shares of 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. 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 target price on the stock. JPMorgan Chase & Co. raised their target price on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Finally, UBS Group initiated coverage on Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and an average target price of $139.36.

Vertiv Price Performance

The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The firm has a market cap of $43.02 billion, a price-to-earnings ratio of 76.41, a P/E/G ratio of 1.16 and a beta of 1.63. The business’s 50-day simple moving average is $126.63 and its two-hundred day simple moving average is $105.75.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. Vertiv’s dividend payout ratio (DPR) is 6.67%.

Insider Buying and Selling

In other news, Director Jakki L. Haussler sold 15,347 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the sale, the director now owns 3,425 shares in the company, valued at $470,526.50. This represents a 81.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the transaction, the executive vice president now directly owns 19,551 shares in the company, valued at $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock valued at $23,105,682 over the last ninety days. 5.01% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Csenge Advisory Group bought a new position in shares of Vertiv during the 4th quarter valued at approximately $2,037,000. Sheaff Brock Investment Advisors LLC purchased a new position in shares of Vertiv in the fourth quarter worth about $298,000. Principal Securities Inc. raised its position in shares of Vertiv by 71.1% in the fourth quarter. Principal Securities Inc. now owns 5,128 shares of the company’s stock valued at $583,000 after purchasing an additional 2,131 shares during the period. Quantum Private Wealth LLC lifted its stake in shares of Vertiv by 9.2% during the 4th quarter. Quantum Private Wealth LLC now owns 5,938 shares of the company’s stock valued at $675,000 after buying an additional 500 shares in the last quarter. Finally, bLong Financial LLC bought a new position in Vertiv in the 4th quarter worth approximately $222,000. Hedge funds and other institutional investors 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.