Vertiv Holdings Co (NYSE:VRT) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Vertiv Holdings Co (NYSE:VRT) have been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $81.11.

VRT has been the topic of a number of research reports. Citigroup increased their price objective on shares of Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. increased their price objective on shares of Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Oppenheimer increased their price objective on shares of Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Bank of America increased their price objective on shares of Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Finally, Evercore ISI raised their price target on shares of Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th.

Vertiv Trading Up 0.9 %

NYSE:VRT opened at $93.01 on Monday. Vertiv has a 52 week low of $14.27 and a 52 week high of $95.70. The firm has a 50 day moving average of $79.56 and a 200 day moving average of $59.54. The company has a quick ratio of 1.35, a current ratio of 1.34 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of $35.53 billion, a price-to-earnings ratio of 89.43, a PEG ratio of 1.41 and a beta of 1.55.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $0.24 earnings per share. As a group, sell-side analysts anticipate that Vertiv will post 2.42 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date was Monday, March 18th. Vertiv’s dividend payout ratio (DPR) is 9.62%.

Insider Activity

In related news, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the transaction, the executive vice president now owns 51,841 shares in the company, valued at $3,641,311.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Vertiv news, CAO Scott Cripps sold 56,594 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stephen Liang sold 306,196 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the transaction, the executive vice president now directly owns 51,841 shares in the company, valued at $3,641,311.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,362,790 shares of company stock valued at $306,451,347. Company insiders own 5.62% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VRT. Nordea Investment Management AB purchased a new position in Vertiv during the fourth quarter worth about $1,040,000. Xponance Inc. raised its holdings in shares of Vertiv by 2.9% during the 4th quarter. Xponance Inc. now owns 14,984 shares of the company’s stock valued at $720,000 after buying an additional 426 shares during the period. WT Asset Management Ltd purchased a new stake in shares of Vertiv during the 4th quarter valued at about $24,486,000. CenterBook Partners LP raised its holdings in shares of Vertiv by 82.0% during the 3rd quarter. CenterBook Partners LP now owns 174,938 shares of the company’s stock valued at $6,508,000 after buying an additional 78,793 shares during the period. Finally, Quadrature Capital Ltd raised its holdings in shares of Vertiv by 791.6% during the 3rd quarter. Quadrature Capital Ltd now owns 92,628 shares of the company’s stock valued at $3,445,000 after buying an additional 82,239 shares during the period. 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.