Vertiv Holdings Co. (NYSE:VRT) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Vertiv Holdings Co. (NYSE:VRTGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-nine analysts that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, twenty-one have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $342.7273.

A number of analysts have recently issued reports on the stock. Zacks Research cut shares of Vertiv from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. The Goldman Sachs Group lifted their target price on shares of Vertiv from $277.00 to $311.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Citigroup upped their target price on shares of Vertiv from $353.00 to $414.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Morgan Stanley increased their price target on Vertiv from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Finally, Mizuho set a $380.00 price target on Vertiv in a report on Thursday, May 21st.

Check Out Our Latest Stock Analysis on VRT

Vertiv Trading Up 4.5%

Vertiv stock opened at $304.73 on Wednesday. The firm has a 50 day moving average of $317.64 and a 200 day moving average of $272.03. The firm has a market capitalization of $117.05 billion, a price-to-earnings ratio of 76.56, a P/E/G ratio of 1.26 and a beta of 2.03. Vertiv has a 12-month low of $118.70 and a 12-month high of $379.93. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.69.

Vertiv (NYSE:VRTGet Free Report) last released its earnings results on Wednesday, April 22nd. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.17. Vertiv had a net margin of 14.37% and a return on equity of 49.90%. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.63 billion. During the same quarter last year, the business earned $0.64 EPS. The firm’s revenue was up 30.1% compared to the same quarter last year. As a group, research analysts predict that Vertiv will post 6.38 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were given a dividend of $0.0625 per share. The ex-dividend date was Monday, June 15th. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. Vertiv’s dividend payout ratio (DPR) is currently 6.28%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Sachetta LLC grew its holdings in Vertiv by 41.4% during the 1st quarter. Sachetta LLC now owns 123 shares of the company’s stock valued at $31,000 after buying an additional 36 shares in the last quarter. Cornerstone Planning Group LLC raised its position in shares of Vertiv by 60.5% during the first quarter. Cornerstone Planning Group LLC now owns 130 shares of the company’s stock valued at $33,000 after buying an additional 49 shares during the last quarter. GoalVest Advisory LLC lifted its holdings in shares of Vertiv by 87.3% in the second quarter. GoalVest Advisory LLC now owns 148 shares of the company’s stock worth $50,000 after buying an additional 69 shares in the last quarter. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Vertiv by 58.3% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 152 shares of the company’s stock worth $25,000 after buying an additional 56 shares in the last quarter. Finally, Center for Financial Planning Inc. boosted its position in shares of Vertiv by 554.2% during the first quarter. Center for Financial Planning Inc. now owns 157 shares of the company’s stock worth $39,000 after acquiring an additional 133 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv News Summary

Here are the key news stories impacting Vertiv this week:

Vertiv Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Vertiv (NYSE:VRT)

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