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

Vertiv Holdings Co (NYSE:VRT) has been given an average recommendation of “Moderate Buy” by the nineteen analysts that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $122.38.

Several research firms have recently weighed in on VRT. KGI Securities assumed coverage on Vertiv in a report on Thursday, April 24th. They issued a “hold” rating for the company. JPMorgan Chase & Co. increased their price target on shares of Vertiv from $100.00 to $127.00 and gave the stock an “overweight” rating in a research note on Friday, May 16th. Morgan Stanley lowered their price objective on shares of Vertiv from $140.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Barclays reduced their target price on shares of Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a report on Friday, April 4th. Finally, Evercore ISI reissued an “outperform” rating and set a $150.00 price target (up previously from $100.00) on shares of Vertiv in a report on Tuesday, May 27th.

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the sale, the insider now directly owns 18,847 shares in the company, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $115.83, for a total value of $5,059,801.89. Following the completion of the transaction, the executive vice president now directly owns 9,551 shares of the company’s stock, valued at $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.63% of the company’s stock.

Institutional Investors Weigh In On Vertiv

Large investors have recently added to or reduced their stakes in the business. GW&K Investment Management LLC purchased a new position in shares of Vertiv during the 1st quarter worth approximately $26,000. SouthState Corp acquired a new position in shares of Vertiv in the first quarter valued at approximately $27,000. North Star Investment Management Corp. grew its position in shares of Vertiv by 4,120.0% in the first quarter. North Star Investment Management Corp. now owns 422 shares of the company’s stock valued at $30,000 after purchasing an additional 412 shares during the period. Sachetta LLC increased its stake in shares of Vertiv by 242.0% during the 1st quarter. Sachetta LLC now owns 448 shares of the company’s stock valued at $32,000 after acquiring an additional 317 shares during the last quarter. Finally, Tradewinds Capital Management LLC boosted its position in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Price Performance

Shares of NYSE VRT opened at $112.08 on Tuesday. The stock’s 50-day simple moving average is $90.68 and its 200-day simple moving average is $104.19. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The firm has a market capitalization of $42.71 billion, a PE ratio of 87.56, a price-to-earnings-growth ratio of 1.07 and a beta of 1.73. Vertiv has a fifty-two week low of $53.60 and a fifty-two week high of $155.84.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the business posted $0.43 EPS. The company’s revenue for the quarter was up 24.2% on a year-over-year basis. As a group, equities research analysts forecast that Vertiv will post 3.59 EPS for the current fiscal year.

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.