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

Vertiv Holdings Co. (NYSE:VRT) has been assigned an average rating of “Moderate Buy” from the twenty-eight analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, twenty-one have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $182.4762.

Several research analysts have recently weighed in on the stock. Roth Capital reiterated a “buy” rating and issued a $195.00 price target (up previously from $162.00) on shares of Vertiv in a report on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft set a $216.00 price objective on shares of Vertiv and gave the company a “buy” rating in a research report on Wednesday, October 15th. Cowen reaffirmed a “buy” rating and issued a $211.00 target price on shares of Vertiv in a research note on Monday, December 1st. Evercore ISI increased their target price on Vertiv from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Finally, Citigroup lifted their price target on Vertiv from $198.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, December 8th.

Vertiv Trading Down 1.2%

NYSE VRT opened at $174.78 on Wednesday. Vertiv has a one year low of $53.60 and a one year high of $202.45. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.83 and a quick ratio of 1.43. The firm has a market cap of $66.82 billion, a P/E ratio of 65.95, a P/E/G ratio of 1.06 and a beta of 2.06. The stock’s 50-day moving average is $169.99 and its 200-day moving average is $155.92.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, October 22nd. The company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.25. The business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Vertiv had a return on equity of 50.82% and a net margin of 10.67%.Vertiv’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 EPS. Sell-side analysts anticipate that Vertiv will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, November 25th were given a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. This is a boost from Vertiv’s previous quarterly dividend of $0.04. Vertiv’s payout ratio is 9.43%.

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 5,501 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $170.48, for a total transaction of $937,810.48. Following the completion of the transaction, the executive vice president owned 4,050 shares of the company’s stock, valued at $690,444. This represents a 57.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.01% of the stock is currently owned by company insiders.

Institutional Trading of Vertiv

A number of institutional investors have recently made changes to their positions in VRT. Kelleher Financial Advisors grew its position in Vertiv by 2,742.0% in the fourth quarter. Kelleher Financial Advisors now owns 1,421 shares of the company’s stock valued at $230,000 after purchasing an additional 1,371 shares in the last quarter. Signaturefd LLC lifted its position in Vertiv by 9.8% during the 4th quarter. Signaturefd LLC now owns 7,220 shares of the company’s stock worth $1,170,000 after buying an additional 642 shares in the last quarter. Tran Capital Management L.P. bought a new stake in Vertiv during the 4th quarter worth about $264,000. Sovran Advisors LLC boosted its stake in shares of Vertiv by 1.7% during the 4th quarter. Sovran Advisors LLC now owns 29,071 shares of the company’s stock worth $5,016,000 after buying an additional 483 shares during the last quarter. Finally, Savvy Advisors Inc. bought a new position in shares of Vertiv in the 4th quarter valued at about $229,000. Institutional investors own 89.92% of the company’s stock.

Vertiv Company Profile

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.