Vertiv Holdings Co (NYSE:VRT) Given Consensus Rating of “Buy” by Analysts

Vertiv Holdings Co (NYSE:VRT) has been assigned a consensus rating of “Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. Ten equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $138.50.

Several equities analysts have recently weighed in on the company. Oppenheimer lifted their price target on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Evercore ISI lifted their price target on Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Jefferies Financial Group assumed coverage on Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 price target for the company. JPMorgan Chase & Co. lifted their price target on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. Finally, Citigroup lifted their price target on Vertiv from $134.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th.

Insiders Place Their Bets

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 completion of the sale, the insider now owns 19,448 shares of the company’s stock, valued at $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction dated 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 of the company’s stock, valued at approximately $843,254.58. This trade represents a 80.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,832 shares of company stock valued at $15,346,000 over the last 90 days. Insiders own 5.01% of the company’s stock.

Institutional Investors Weigh In On Vertiv

A number of hedge funds and other institutional investors have recently modified their holdings of VRT. Jennison Associates LLC lifted its stake in shares of Vertiv by 10,825.0% in the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock valued at $457,695,000 after acquiring an additional 4,558,306 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Vertiv in the 2nd quarter valued at about $331,091,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Vertiv by 303.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock valued at $390,143,000 after acquiring an additional 3,591,903 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Vertiv by 271.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after acquiring an additional 2,860,181 shares during the last quarter. Finally, Castle Hook Partners LP lifted its stake in shares of Vertiv by 215.6% in the 3rd quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock valued at $185,492,000 after acquiring an additional 1,273,746 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv Stock Performance

NYSE:VRT opened at $131.67 on Friday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The business has a fifty day simple moving average of $112.73 and a two-hundred day simple moving average of $95.67. Vertiv has a 1 year low of $41.01 and a 1 year high of $145.67. The company has a market capitalization of $49.42 billion, a P/E ratio of 87.78, a P/E/G ratio of 1.44 and a beta of 1.58.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the business posted $0.52 earnings per share. The business’s revenue for the quarter was up 19.0% on a year-over-year basis. On average, analysts expect that Vertiv will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.0375 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.15 annualized dividend and a yield of 0.11%. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is 6.67%.

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.