Vertiv Holdings Co. (NYSE:VRT) Receives $182.48 Consensus Target Price from Analysts

Vertiv Holdings Co. (NYSE:VRT) has been assigned a consensus rating of “Moderate Buy” from the twenty-five analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, nineteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $187.8889.

VRT has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft set a $216.00 target price on shares of Vertiv and gave the company a “buy” rating in a research report on Wednesday, October 15th. The Goldman Sachs Group raised their price objective on Vertiv from $182.00 to $204.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Roth Mkm reiterated a “buy” rating and set a $195.00 target price (up previously from $162.00) on shares of Vertiv in a report on Tuesday, October 21st. KGI Securities upgraded Vertiv from a “hold” rating to an “outperform” rating in a research note on Thursday, October 23rd. Finally, TD Cowen reaffirmed a “buy” rating and set a $211.00 price target on shares of Vertiv in a research report on Monday, December 1st.

Vertiv Trading Up 0.8%

NYSE:VRT opened at $182.55 on Wednesday. The company has a market cap of $69.80 billion, a P/E ratio of 68.89, a price-to-earnings-growth ratio of 1.12 and a beta of 2.06. Vertiv has a twelve month low of $53.60 and a twelve month high of $202.45. The business has a 50 day moving average price of $170.74 and a two-hundred day moving average price of $157.08. The company has a quick ratio of 1.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.83.

Vertiv Increases Dividend

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

Insider Activity at Vertiv

In other Vertiv news, EVP Stephen Liang sold 5,501 shares of Vertiv stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $170.48, for a total value of $937,810.48. Following the completion of the sale, the executive vice president owned 4,050 shares in the company, valued at $690,444. The trade was a 57.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.01% of the company’s stock.

Institutional Trading of Vertiv

A number of institutional investors have recently modified their holdings of VRT. Empowered Funds LLC raised its stake in Vertiv by 25.9% in the first quarter. Empowered Funds LLC now owns 11,557 shares of the company’s stock valued at $834,000 after purchasing an additional 2,377 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Vertiv during the second quarter worth about $567,000. Diversified Trust Co increased its holdings in Vertiv by 3.2% in the 2nd quarter. Diversified Trust Co now owns 5,370 shares of the company’s stock valued at $690,000 after buying an additional 167 shares during the period. Park Avenue Securities LLC acquired a new position in shares of Vertiv in the 2nd quarter valued at approximately $1,628,000. Finally, Clear Harbor Asset Management LLC lifted its holdings in shares of Vertiv by 49.5% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 10,910 shares of the company’s stock worth $1,401,000 after acquiring an additional 3,610 shares during the period. 89.92% of the stock is currently owned by institutional investors.

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.