Vertiv (NYSE:VRT) Trading Down 0.8%

Vertiv Holdings Co (NYSE:VRT) shares fell 0.8% during trading on Monday . The company traded as low as $95.95 and last traded at $97.58. 1,154,676 shares were traded during mid-day trading, a decline of 86% from the average session volume of 8,498,269 shares. The stock had previously closed at $98.41.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VRT. Evercore ISI restated an “outperform” rating and set a $105.00 price objective on shares of Vertiv in a research report on Thursday, August 15th. TD Cowen lifted their target price on shares of Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. The Goldman Sachs Group reduced their target price on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Finally, Mizuho raised shares of Vertiv from a “neutral” rating to an “outperform” rating and dropped their price target for the company from $95.00 to $92.00 in a research note on Wednesday, August 7th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $102.13.

Vertiv Stock Performance

The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. The firm has a market cap of $36.98 billion, a PE ratio of 93.83, a PEG ratio of 1.26 and a beta of 1.58. The company has a 50-day simple moving average of $80.81 and a two-hundred day simple moving average of $86.43.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.10. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter last year, the firm posted $0.46 EPS. The company’s revenue was up 12.6% compared to the same quarter last year. As a group, equities research analysts forecast that Vertiv Holdings Co will post 2.58 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.10%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s payout ratio is 9.62%.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the sale, the insider now directly owns 10,542 shares in the company, valued at approximately $843,254.58. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 5.01% of the company’s stock.

Hedge Funds Weigh In On Vertiv

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Anchor Investment Management LLC bought a new stake in Vertiv during the 2nd quarter valued at about $26,000. Bogart Wealth LLC purchased a new stake in Vertiv during the 1st quarter valued at $25,000. Atticus Wealth Management LLC bought a new stake in shares of Vertiv in the 1st quarter worth $27,000. Mather Group LLC. raised its stake in shares of Vertiv by 132.5% in the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Vertiv during the second quarter valued at approximately $34,000. Institutional investors own 89.92% of the company’s stock.

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.