Vertiv Holdings Co (NYSE:VRT) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Vertiv Holdings Co (NYSE:VRT) have earned a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $74.56.

A number of brokerages have weighed in on VRT. JPMorgan Chase & Co. increased their target price on shares of Vertiv from $65.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Oppenheimer began coverage on shares of Vertiv in a research report on Friday, April 5th. They set an “outperform” rating and a $96.00 target price for the company. Bank of America raised their price objective on shares of Vertiv from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Mizuho raised their price objective on shares of Vertiv from $50.00 to $56.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Finally, Citigroup raised their price objective on shares of Vertiv from $69.00 to $102.00 and gave the company a “buy” rating in a research report on Monday, April 8th.

Insider Activity at Vertiv

In related news, EVP Stephen Liang sold 306,196 shares of the firm’s 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 sale, the executive vice president now directly owns 51,841 shares of the company’s stock, valued at $3,641,311.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Vertiv news, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Stephen Liang sold 306,196 shares of Vertiv 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 directly owns 51,841 shares in the company, valued at $3,641,311.84. The disclosure for this sale can be found here. 5.62% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. FMR LLC grew its holdings in shares of Vertiv by 182.4% in the third quarter. FMR LLC now owns 47,236,496 shares of the company’s stock worth $1,757,198,000 after purchasing an additional 30,511,907 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Vertiv by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 31,855,473 shares of the company’s stock worth $1,530,018,000 after purchasing an additional 226,716 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Vertiv by 32.8% in the first quarter. BlackRock Inc. now owns 18,988,356 shares of the company’s stock worth $265,836,000 after purchasing an additional 4,693,256 shares during the last quarter. Starboard Value LP bought a new position in shares of Vertiv in the fourth quarter worth approximately $230,880,000. Finally, Clearbridge Investments LLC grew its holdings in shares of Vertiv by 9.5% in the first quarter. Clearbridge Investments LLC now owns 14,099,958 shares of the company’s stock worth $197,399,000 after purchasing an additional 1,226,985 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Price Performance

VRT opened at $80.64 on Thursday. The firm has a market cap of $30.80 billion, a P/E ratio of 68.34, a PEG ratio of 1.35 and a beta of 1.59. The firm has a 50-day moving average of $72.83 and a 200 day moving average of $54.94. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.35 and a current ratio of 1.74. Vertiv has a fifty-two week low of $11.95 and a fifty-two week high of $88.69.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 21st. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.88 billion. Vertiv had a net margin of 6.71% and a return on equity of 39.46%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business earned $0.28 earnings per share. On average, research analysts expect that Vertiv will post 2.34 EPS for the current year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend was Monday, March 18th. Vertiv’s dividend payout ratio is currently 8.47%.

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.