Vertiv (NYSE:VRT) Stock Price Down 1.2% – What’s Next?

Vertiv Holdings Co. (NYSE:VRT) shares were down 1.2% on Tuesday . The stock traded as low as $197.38 and last traded at $199.50. Approximately 6,631,719 shares were traded during trading, an increase of 23% from the average daily volume of 5,408,210 shares. The stock had previously closed at $202.00.

Analyst Ratings Changes

A number of equities analysts have issued reports on VRT shares. Wolfe Research downgraded Vertiv from an “outperform” rating to a “peer perform” rating in a report on Tuesday, December 9th. Zacks Research raised Vertiv from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Roth Mkm reissued a “buy” rating and issued a $195.00 target price (up from $162.00) on shares of Vertiv in a report on Tuesday, October 21st. Mizuho raised their target price on shares of Vertiv from $165.00 to $198.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, Weiss Ratings cut shares of Vertiv from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Vertiv has a consensus rating of “Moderate Buy” and a consensus target price of $187.89.

Vertiv Trading Down 1.2%

The company has a quick ratio of 1.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.83. The company’s 50-day moving average is $175.10 and its 200 day moving average is $161.93. The company has a market cap of $76.28 billion, a price-to-earnings ratio of 75.28, a price-to-earnings-growth ratio of 1.20 and a beta of 2.08.

Vertiv Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, November 25th were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. This is a positive change from Vertiv’s previous quarterly dividend of $0.04. The ex-dividend date was Tuesday, November 25th. Vertiv’s dividend payout ratio (DPR) is currently 9.43%.

Insider Transactions at Vertiv

In related news, EVP Stephen Liang sold 5,501 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $170.48, for a total value of $937,810.48. Following the completion of the sale, the executive vice president owned 4,050 shares of the company’s stock, valued at approximately $690,444. This represents a 57.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 5.01% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vertiv

Several institutional investors and hedge funds have recently modified their holdings of VRT. Abundance Wealth Counselors increased its holdings in Vertiv by 313.7% in the 3rd quarter. Abundance Wealth Counselors now owns 10,165 shares of the company’s stock worth $1,533,000 after acquiring an additional 7,708 shares in the last quarter. Union Bancaire Privee UBP SA raised its holdings in shares of Vertiv by 35.5% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 272,608 shares of the company’s stock worth $41,126,000 after acquiring an additional 71,361 shares during the period. KLP Kapitalforvaltning AS raised its position in shares of Vertiv by 5.5% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 143,100 shares of the company’s stock valued at $21,588,000 after buying an additional 7,400 shares during the period. Nordea Investment Management AB lifted its position in Vertiv by 100.1% in the second quarter. Nordea Investment Management AB now owns 3,246,769 shares of the company’s stock valued at $415,132,000 after buying an additional 1,624,456 shares during the last quarter. Finally, Plato Investment Management Ltd boosted its position in shares of Vertiv by 272.7% during the third quarter. Plato Investment Management Ltd now owns 8,825 shares of the company’s stock worth $1,321,000 after buying an additional 6,457 shares during the period. Hedge funds and other 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.