Vertiv (NYSE:VRT) Stock Price Down 3.8% – What’s Next?

Vertiv Holdings Co. (NYSE:VRT)’s share price fell 3.8% on Wednesday . The company traded as low as $172.60 and last traded at $182.92. 8,222,797 shares traded hands during mid-day trading, an increase of 60% from the average session volume of 5,145,537 shares. The stock had previously closed at $190.15.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on VRT shares. Evercore ISI raised their price objective on Vertiv from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Royal Bank Of Canada reissued an “outperform” rating and set a $200.00 price target on shares of Vertiv in a research note on Thursday, January 15th. Cfra Research raised Vertiv to a “moderate buy” rating in a research note on Tuesday, October 7th. Mizuho raised their price objective on shares of Vertiv from $165.00 to $198.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Finally, TD Cowen reissued a “buy” rating and set a $211.00 target price on shares of Vertiv in a report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $187.89.

Vertiv Stock Down 3.8%

The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.83. The company has a market cap of $69.94 billion, a price-to-earnings ratio of 69.03, a P/E/G ratio of 1.17 and a beta of 2.08. The stock’s 50-day moving average is $174.03 and its 200-day moving average is $160.20.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Tuesday, November 25th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. This is an increase from Vertiv’s previous quarterly dividend of $0.04. Vertiv’s dividend payout ratio is presently 9.43%.

Insider Buying and Selling

In other Vertiv news, EVP Stephen Liang sold 5,501 shares of Vertiv stock in a transaction on Monday, November 24th. The shares were sold at an average price of $170.48, for a total transaction of $937,810.48. Following the transaction, the executive vice president directly owned 4,050 shares of the company’s stock, valued at $690,444. The trade was a 57.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.01% of the company’s stock.

Hedge Funds Weigh In On Vertiv

Several institutional investors have recently added to or reduced their stakes in VRT. Strategic Family Wealth Counselors L.L.C. purchased a new stake in shares of Vertiv during the 4th quarter valued at approximately $268,000. Pacer Advisors Inc. raised its holdings in Vertiv by 9,587.7% during the 4th quarter. Pacer Advisors Inc. now owns 16,566 shares of the company’s stock valued at $2,684,000 after acquiring an additional 16,395 shares during the period. Ameritas Advisory Services LLC raised its holdings in Vertiv by 15.5% during the 4th quarter. Ameritas Advisory Services LLC now owns 2,282 shares of the company’s stock valued at $370,000 after acquiring an additional 307 shares during the period. Liberty Wealth Management LLC lifted its position in shares of Vertiv by 2.8% during the fourth quarter. Liberty Wealth Management LLC now owns 3,595 shares of the company’s stock worth $582,000 after acquiring an additional 99 shares in the last quarter. Finally, Atlantic Union Bankshares Corp boosted its holdings in shares of Vertiv by 3.7% in the fourth quarter. Atlantic Union Bankshares Corp now owns 29,120 shares of the company’s stock worth $4,718,000 after acquiring an additional 1,026 shares during the period. Institutional investors own 89.92% of the company’s stock.

About Vertiv

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.