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

Vertiv Holdings Co (NYSE:VRT) has earned an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $74.56.

Several analysts recently weighed in on VRT shares. Mizuho increased their price target on Vertiv from $50.00 to $56.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. increased their price target on Vertiv from $65.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Citigroup increased their price target on Vertiv from $69.00 to $102.00 and gave the company a “buy” rating in a report on Monday, April 8th. Evercore ISI increased their price target on Vertiv from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Finally, Bank of America increased their price target on Vertiv from $80.00 to $90.00 and gave the company a “buy” rating in a report on Monday, March 18th.

Insiders Place Their Bets

In other news, CAO Scott Cripps sold 56,594 shares of the stock in a transaction on Friday, March 8th. The stock was 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 is accessible through this hyperlink. In other news, EVP Stephen Liang sold 306,196 shares of the stock in a transaction 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 approximately $3,641,311.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Scott Cripps sold 56,594 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $70.76, for a total value of $4,004,591.44. The disclosure for this sale can be found here. Insiders own 5.62% of the company’s stock.

Institutional Investors Weigh In On Vertiv

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new stake in Vertiv during the fourth quarter valued at about $26,000. Raleigh Capital Management Inc. boosted its position in Vertiv by 79.0% during the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock valued at $27,000 after purchasing an additional 252 shares in the last quarter. First Horizon Advisors Inc. boosted its position in Vertiv by 161.7% during the third quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock valued at $25,000 after purchasing an additional 409 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Vertiv during the fourth quarter valued at about $38,000. Finally, Quadrant Capital Group LLC boosted its position in Vertiv by 24.7% during the fourth quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock valued at $41,000 after purchasing an additional 170 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv Stock Down 3.9 %

NYSE VRT opened at $80.64 on Thursday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.35 and a current ratio of 1.74. The company has a market capitalization of $30.80 billion, a P/E ratio of 68.34, a P/E/G ratio of 1.35 and a beta of 1.59. Vertiv has a one year low of $11.95 and a one year high of $88.69. The stock has a 50 day moving average price of $72.83 and a 200-day moving average price of $54.94.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, February 21st. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.88 billion. Vertiv had a return on equity of 39.46% and a net margin of 6.71%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 EPS. As a group, equities analysts predict that Vertiv will post 2.34 EPS for the current fiscal year.

Vertiv Announces Dividend

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