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

Shares of Vertiv Holdings Co (NYSE:VRT) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $81.11.

VRT has been the subject of a number of recent analyst reports. Mizuho raised their price target on Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Oppenheimer lifted their target price on Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. lifted their target price on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Citigroup lifted their target price on Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Finally, Evercore ISI raised their price target on Vertiv from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th.

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 306,196 shares of the business’s stock in a transaction that occurred 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 owns 51,841 shares of the company’s stock, valued at $3,641,311.84. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Stephen Liang sold 306,196 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the sale, the executive vice president now directly owns 51,841 shares in the company, valued at $3,641,311.84. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Doherty Philip O’ sold 488,705 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $93.68, for a total value of $45,781,884.40. Following the completion of the sale, the director now owns 11,835,476 shares of the company’s stock, valued at $1,108,747,391.68. The disclosure for this sale can be found here. Insiders have sold a total of 3,362,790 shares of company stock valued at $306,451,347 over the last 90 days. 5.62% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VRT. FMR LLC increased its holdings in Vertiv by 182.4% in the third quarter. FMR LLC now owns 47,236,496 shares of the company’s stock valued at $1,757,198,000 after purchasing an additional 30,511,907 shares during the period. Vanguard Group Inc. grew its holdings in Vertiv by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 31,855,473 shares of the company’s stock worth $1,530,018,000 after acquiring an additional 226,716 shares during the period. Coatue Management LLC boosted its position in shares of Vertiv by 19.5% during the 4th quarter. Coatue Management LLC now owns 13,811,848 shares of the company’s stock worth $663,383,000 after purchasing an additional 2,249,353 shares in the last quarter. Invesco Ltd. boosted its position in shares of Vertiv by 10.2% during the 3rd quarter. Invesco Ltd. now owns 10,817,978 shares of the company’s stock worth $402,429,000 after purchasing an additional 1,002,191 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Vertiv during the 4th quarter worth about $185,339,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Price Performance

Vertiv stock opened at $93.01 on Monday. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 1.35. The company has a market capitalization of $35.53 billion, a PE ratio of 89.43, a price-to-earnings-growth ratio of 1.41 and a beta of 1.55. Vertiv has a one year low of $14.27 and a one year high of $95.70. The business has a 50 day simple moving average of $79.56 and a 200 day simple moving average of $59.54.

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

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were given 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 of this dividend was Monday, March 18th. Vertiv’s dividend payout ratio is currently 9.62%.

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.