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

Shares of Vertiv Holdings Co. (NYSE:VRT) have received an average rating of “Moderate Buy” from the twenty-five research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, nineteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $187.8889.

A number of equities research analysts have issued reports on VRT shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Vertiv in a research report on Thursday, January 15th. Evercore ISI increased their price target on Vertiv from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Wolfe Research downgraded Vertiv from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, December 9th. Barclays upgraded shares of Vertiv from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $181.00 to $200.00 in a research report on Friday, January 2nd. Finally, Morgan Stanley increased their target price on Vertiv from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd.

Insider Transactions at Vertiv

In related news, EVP Stephen Liang sold 5,501 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were 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 approximately $690,444. This represents a 57.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.01% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. OVERSEA CHINESE BANKING Corp Ltd increased its stake in Vertiv by 39.3% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 24,873 shares of the company’s stock worth $4,028,000 after acquiring an additional 7,022 shares during the last quarter. Evergreen Capital Management LLC purchased a new stake in shares of Vertiv during the 4th quarter worth about $596,000. DSG Capital Advisors LLC increased its position in Vertiv by 51.1% during the 4th quarter. DSG Capital Advisors LLC now owns 6,594 shares of the company’s stock worth $1,138,000 after purchasing an additional 2,230 shares in the last quarter. Smith Salley Wealth Management raised its holdings in Vertiv by 0.7% in the fourth quarter. Smith Salley Wealth Management now owns 22,721 shares of the company’s stock valued at $3,681,000 after buying an additional 166 shares during the period. Finally, Waterfront Wealth Inc. lifted its position in Vertiv by 2.5% during the fourth quarter. Waterfront Wealth Inc. now owns 2,253 shares of the company’s stock valued at $365,000 after buying an additional 56 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Stock Performance

Shares of VRT stock opened at $189.12 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.43 and a current ratio of 1.83. The firm has a market cap of $72.31 billion, a P/E ratio of 71.37, a P/E/G ratio of 1.11 and a beta of 2.06. The firm’s 50 day moving average price is $171.50 and its 200-day moving average price is $157.96. Vertiv has a one year low of $53.60 and a one year high of $202.45.

Vertiv Increases Dividend

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

About Vertiv

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.