Vertiv Holdings Co (NYSE:VRT) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Vertiv Holdings Co (NYSE:VRTGet Rating) have earned an average rating of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $17.19.

Several equities analysts recently weighed in on VRT shares. TheStreet cut shares of Vertiv from a “c-” rating to a “d” rating in a research report on Wednesday, February 23rd. Vertical Research reissued a “hold” rating and set a $15.00 target price on shares of Vertiv in a research report on Wednesday, February 23rd. JPMorgan Chase & Co. raised shares of Vertiv from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $29.00 to $18.00 in a research report on Friday, April 1st. Zacks Investment Research cut shares of Vertiv from a “buy” rating to a “hold” rating in a research report on Wednesday, December 29th. Finally, The Goldman Sachs Group dropped their target price on shares of Vertiv from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, March 22nd.

Shares of NYSE VRT opened at $12.38 on Friday. Vertiv has a fifty-two week low of $9.59 and a fifty-two week high of $28.80. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 37.52, a PEG ratio of 1.17 and a beta of 1.14. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.12 and a current ratio of 1.45. The firm’s 50-day simple moving average is $14.57 and its 200 day simple moving average is $20.86.

Vertiv (NYSE:VRTGet Rating) last announced its quarterly earnings results on Thursday, February 24th. The company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.24). Vertiv had a net margin of 2.39% and a return on equity of 30.27%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the business posted $0.33 EPS. Vertiv’s revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts predict that Vertiv will post 0.64 EPS for the current year.

In related news, CEO Robert Joseph Johnson sold 100,000 shares of Vertiv stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of $12.77, for a total value of $1,277,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Patrick R. Johnson acquired 15,000 shares of Vertiv stock in a transaction that occurred on Wednesday, March 16th. The stock was acquired at an average price of $12.39 per share, with a total value of $185,850.00. The disclosure for this purchase can be found here. Insiders purchased a total of 38,000 shares of company stock worth $475,960 in the last ninety days. 5.06% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Vertiv by 118.5% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 10,319,047 shares of the company’s stock valued at $257,667,000 after purchasing an additional 5,597,221 shares in the last quarter. Ceredex Value Advisors LLC grew its position in shares of Vertiv by 72.0% during the 4th quarter. Ceredex Value Advisors LLC now owns 8,406,879 shares of the company’s stock valued at $209,919,000 after purchasing an additional 3,518,329 shares in the last quarter. Impax Asset Management Group plc grew its position in shares of Vertiv by 147.3% during the 4th quarter. Impax Asset Management Group plc now owns 5,141,260 shares of the company’s stock valued at $128,377,000 after purchasing an additional 3,062,199 shares in the last quarter. Norges Bank purchased a new position in shares of Vertiv during the 4th quarter valued at $65,187,000. Finally, Janus Henderson Group PLC grew its position in shares of Vertiv by 1,370.5% during the 3rd quarter. Janus Henderson Group PLC now owns 2,465,566 shares of the company’s stock valued at $59,385,000 after purchasing an additional 2,297,898 shares in the last quarter. Institutional investors and hedge funds own 81.95% of the company’s stock.

Vertiv Company Profile (Get Rating)

Vertiv Holdings Co engages in the design, manufacturing, and service of critical digital infrastructure technology that powers, cools, deploys, secures and maintains electronics that process, store and transmit data. It also offers power management products, thermal management products, integrated rack systems, modular solutions, and management systems for monitoring and controlling digital infrastructure.

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Analyst Recommendations for Vertiv (NYSE:VRT)

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