Vertiv (NYSE:VRT) Sees Unusually-High Trading Volume – Should You Buy?

Vertiv Holdings Co (NYSE:VRT) shares saw unusually-high trading volume on Tuesday . Approximately 8,671,583 shares changed hands during trading, a decline of 4% from the previous session’s volume of 8,989,386 shares.The stock last traded at $102.55 and had previously closed at $102.60.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on VRT shares. Mizuho raised their target price on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. UBS Group began coverage on shares of Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price on the stock. The Goldman Sachs Group raised their price objective on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. TD Cowen boosted their target price on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Oppenheimer raised their price target on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Vertiv has a consensus rating of “Moderate Buy” and a consensus price target of $139.36.

Vertiv Stock Up 3.8 %

The stock has a 50-day moving average of $126.63 and a 200 day moving average of $105.75. The company has a market cap of $43.02 billion, a P/E ratio of 76.41, a PEG ratio of 1.16 and a beta of 1.63. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

Vertiv Increases Dividend

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

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the transaction, the insider now directly owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock worth $23,105,682 over the last 90 days. Insiders own 5.01% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Csenge Advisory Group bought a new stake in Vertiv in the 4th quarter worth about $2,037,000. Sheaff Brock Investment Advisors LLC bought a new position in Vertiv during the 4th quarter worth approximately $298,000. Principal Securities Inc. raised its holdings in shares of Vertiv by 71.1% during the fourth quarter. Principal Securities Inc. now owns 5,128 shares of the company’s stock valued at $583,000 after acquiring an additional 2,131 shares in the last quarter. Quantum Private Wealth LLC raised its holdings in Vertiv by 9.2% in the fourth quarter. Quantum Private Wealth LLC now owns 5,938 shares of the company’s stock worth $675,000 after purchasing an additional 500 shares in the last quarter. Finally, bLong Financial LLC purchased a new position in shares of Vertiv in the 4th quarter worth about $222,000. 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.