Vertiv (NYSE:VRT) Shares Gap Down – Here’s Why

Vertiv Holdings Co (NYSE:VRT)’s share price gapped down prior to trading on Monday . The stock had previously closed at $117.02, but opened at $105.75. Vertiv shares last traded at $112.55, with a volume of 3,740,953 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. UBS Group started coverage on shares of Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target on the stock. Oppenheimer upped their target price on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Fox Advisors began coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating for the company. Barclays started coverage on Vertiv in a research note on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price objective on the stock. Finally, Citigroup raised their target price on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $139.36.

Vertiv Stock Performance

The stock has a market capitalization of $41.74 billion, a P/E ratio of 74.14, a PEG ratio of 0.92 and a beta of 1.64. The company’s fifty day simple moving average is $124.83 and its two-hundred day simple moving average is $106.69. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.0375 per share. This is a boost from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

Insider Activity at Vertiv

In other Vertiv news, Director Jakki L. Haussler sold 15,347 shares of the 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 sale, the director now directly owns 3,425 shares in the company, valued at $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the transaction, the executive vice president now owns 19,551 shares of the company’s stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 171,527 shares of company stock worth $23,105,682 in the last ninety days. 5.01% of the stock is owned by company insiders.

Institutional Trading of Vertiv

Large investors have recently made changes to their positions in the company. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv in the 4th quarter valued at $26,000. Krane Funds Advisors LLC bought a new stake in shares of Vertiv during the 3rd quarter worth $29,000. Global Trust Asset Management LLC acquired a new stake in Vertiv in the third quarter valued at about $30,000. Mark Sheptoff Financial Planning LLC grew its position 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 during the last quarter. Finally, Brooklyn Investment Group acquired a new position in Vertiv during the third quarter worth about $30,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

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.