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

Vertiv Holdings Co (NYSE:VRT) shares fell 3.7% during mid-day trading on Friday . The company traded as low as $99.89 and last traded at $100.95. 4,123,050 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 9,865,832 shares. The stock had previously closed at $104.83.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VRT. Morgan Stanley began coverage on Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. Melius Research reissued a “hold” rating and issued a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Fox Advisors began coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating on the stock. Mizuho increased their target price on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Finally, TD Cowen increased their target price on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $138.57.

Vertiv Price Performance

The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The company has a market capitalization of $36.00 billion, a PE ratio of 74.93, a PEG ratio of 1.07 and a beta of 1.64. The firm has a 50-day moving average of $120.90 and a 200 day moving average of $109.74.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the previous year, the firm earned $0.56 EPS. As a group, research analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the transaction, the executive vice president now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jan Van Dokkum sold 38,647 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $136.39, for a total value of $5,271,064.33. Following the completion of the transaction, the director now directly owns 25,000 shares in the company, valued at $3,409,750. The trade was a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.01% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. SOA Wealth Advisors LLC. purchased a new stake in Vertiv in the 4th quarter worth approximately $26,000. OLD Second National Bank of Aurora bought a new position in shares of Vertiv in the fourth quarter worth approximately $30,000. Tradewinds Capital Management LLC increased its stake in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after purchasing an additional 111 shares in the last quarter. Global Trust Asset Management LLC purchased a new stake in shares of Vertiv in the third quarter worth $30,000. Finally, Mark Sheptoff Financial Planning LLC lifted its stake in shares of Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after buying an additional 200 shares in the last quarter. 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.