Vertiv (NYSE:VRT) Trading Down 3.7% – Time to Sell?

Vertiv Holdings Co (NYSE:VRT) dropped 3.7% during trading on Thursday . The company traded as low as $104.00 and last traded at $103.85. Approximately 2,949,612 shares were traded 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

A number of equities research analysts have issued reports on VRT shares. TD Cowen increased their price objective on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Bank of America lifted their price target on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Morgan Stanley assumed coverage on shares of Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective for the company. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a report on Tuesday, January 28th. Finally, Evercore ISI dropped their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.57.

Vertiv Stock Performance

The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The business has a 50-day moving average of $121.91 and a 200-day moving average of $109.30. The company has a market capitalization of $38.88 billion, a P/E ratio of 80.93, a P/E/G ratio of 1.12 and a beta of 1.64.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 69.69%. During the same period last year, the firm posted $0.56 earnings per share. On average, sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Insider Activity

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the sale, the insider now directly 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 Securities & Exchange Commission, which is available at 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 stock was 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 approximately $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 156,180 shares of company stock valued at $20,997,311. 5.01% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. SOA Wealth Advisors LLC. bought a new stake in shares of Vertiv in the 4th quarter valued at about $26,000. Global Trust Asset Management LLC acquired a new stake in Vertiv in the third quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC boosted its stake in Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Vertiv during the third quarter worth $30,000. Finally, OLD Second National Bank of Aurora acquired a new position in shares of Vertiv during the fourth quarter worth $30,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

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.