Vertiv (NYSE:VRT) Shares Down 3.2% – Time to Sell?

Vertiv Holdings Co (NYSE:VRT) fell 3.2% during mid-day trading on Monday . The stock traded as low as $105.00 and last traded at $113.25. 5,526,042 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 10,325,267 shares. The stock had previously closed at $117.02.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on VRT. Mizuho raised their price objective on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Barclays began coverage on Vertiv in a research report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price target for the company. Jefferies Financial Group assumed coverage on Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective on the stock. Bank of America lifted their price objective on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Oppenheimer upped their target price on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Vertiv has a consensus rating of “Moderate Buy” and a consensus target price of $139.36.

Vertiv Trading Down 3.7 %

The firm’s 50 day simple moving average is $125.62 and its 200-day simple moving average is $106.30. 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 has a market capitalization of $42.30 billion, a PE ratio of 75.13, a P/E/G ratio of 0.92 and a beta of 1.63.

Vertiv Increases Dividend

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

Insider Transactions at Vertiv

In related news, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the sale, the insider now owns 19,448 shares of the company’s stock, valued at $2,751,114.08. The trade was a 61.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the completion of the transaction, the director now directly owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. The trade was a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 171,527 shares of company stock valued at $23,105,682 over the last quarter. Company insiders own 5.01% of the company’s stock.

Hedge Funds Weigh In On Vertiv

A number of institutional investors have recently made changes to their positions in the business. Anchor Investment Management LLC bought a new position in Vertiv during the 2nd quarter valued at $26,000. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv in the 4th quarter valued at about $26,000. Krane Funds Advisors LLC bought a new position in shares of Vertiv during the third quarter worth about $29,000. Global Trust Asset Management LLC acquired a new position in Vertiv in the third quarter worth about $30,000. Finally, Mark Sheptoff Financial Planning LLC raised its stake in Vertiv by 200.0% during the third 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. 89.92% of the stock is owned by institutional investors and hedge funds.

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.