Vertiv (NYSE:VRT) Shares Down 3.7% – Here’s Why

Vertiv Holdings Co (NYSE:VRT)’s share price was down 3.7% during mid-day 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 Analysts Forecast Growth

VRT has been the topic of several recent research reports. The Goldman Sachs Group lifted their target price on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” 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 for the company. in a research report on Tuesday, January 28th. Fox Advisors began coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating on the stock. Evercore ISI cut their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Finally, Melius Research restated a “hold” rating and set a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and a consensus price target of $138.57.

Vertiv Price Performance

The company has a fifty day moving average price of $120.90 and a 200 day moving average price of $109.46. 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 P/E ratio of 74.93, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same quarter in the prior year, the business posted $0.56 EPS. On average, sell-side analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Insider Buying and Selling at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the company’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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jan Van Dokkum sold 38,647 shares of Vertiv stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $136.39, for a total transaction 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. This represents a 60.72 % decrease in their position. The disclosure for this sale can be found here. 5.01% of the stock is currently owned by corporate insiders.

Institutional Trading of Vertiv

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Silverleafe Capital Partners LLC bought a new position in shares of Vertiv in the fourth quarter valued at $4,219,000. Foundations Investment Advisors LLC boosted its position in shares of Vertiv by 7.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock valued at $21,076,000 after purchasing an additional 13,559 shares during the period. Empowered Funds LLC raised its holdings in Vertiv by 67.0% during the 4th 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 period. Janney Capital Management LLC purchased a new stake in Vertiv during the third quarter valued at about $8,403,000. Finally, Gordian Capital Singapore Pte Ltd boosted its holdings in shares of Vertiv by 112.5% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock worth $846,000 after buying an additional 4,500 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

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.