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

Shares of Vertiv Holdings Co (NYSE:VRT) have earned an average rating of “Moderate Buy” from the nine analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $92.11.

Several equities analysts have recently issued reports on VRT shares. Oppenheimer boosted their price objective on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Bank of America boosted their price target on Vertiv from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Evercore ISI raised their price target on Vertiv from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, June 14th. Mizuho upped their price objective on shares of Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. Finally, Citigroup raised their target price on shares of Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, April 25th.

Vertiv Price Performance

Shares of VRT opened at $86.57 on Tuesday. Vertiv has a 12 month low of $23.51 and a 12 month high of $109.27. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 0.98. The stock has a fifty day moving average price of $94.05 and a 200 day moving average price of $74.23. The company has a market cap of $32.41 billion, a P/E ratio of 83.24, a PEG ratio of 1.26 and a beta of 1.56.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 earnings per share. On average, research analysts forecast that Vertiv will post 2.43 earnings per share for the current year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Monday, June 17th were issued a $0.025 dividend. The ex-dividend date was Monday, June 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.12%. Vertiv’s dividend payout ratio is currently 9.62%.

Insider Transactions at Vertiv

In other news, Director Doherty Philip O’ sold 2,511,295 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $93.64, for a total transaction of $235,157,663.80. Following the sale, the director now directly owns 9,324,181 shares of the company’s stock, valued at $873,116,308.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Doherty Philip O’ sold 2,511,295 shares of Vertiv stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $93.64, for a total value of $235,157,663.80. Following the transaction, the director now directly owns 9,324,181 shares of the company’s stock, valued at $873,116,308.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Yibin Edward Cui sold 668 shares of the company’s stock in a transaction that occurred on Saturday, May 4th. The shares were sold at an average price of $94.39, for a total transaction of $63,052.52. Following the completion of the sale, the insider now owns 19,452 shares of the company’s stock, valued at approximately $1,836,074.28. The disclosure for this sale can be found here. Insiders sold a total of 4,162,739 shares of company stock valued at $400,713,362 in the last three months. 5.01% of the stock is currently owned by corporate insiders.

Institutional Trading of Vertiv

Several hedge funds and other institutional investors have recently modified their holdings of VRT. Bogart Wealth LLC purchased a new stake in Vertiv in the 1st quarter worth about $25,000. GAMMA Investing LLC acquired a new position in shares of Vertiv in the 4th quarter valued at about $26,000. Raleigh Capital Management Inc. lifted its position in shares of Vertiv by 79.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock worth $27,000 after purchasing an additional 252 shares in the last quarter. Atticus Wealth Management LLC acquired a new stake in shares of Vertiv during the first quarter worth approximately $27,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in Vertiv during the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

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.