Vertiv Holdings Co (NYSE:VRT) Receives $140.09 Consensus Price Target from Brokerages

Shares of Vertiv Holdings Co (NYSE:VRTGet Free Report) have been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $140.09.

A number of research firms have recently weighed in on VRT. Oppenheimer lifted their price target on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Jefferies Financial Group assumed coverage on Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 target price for the company. JPMorgan Chase & Co. raised their price target on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group upped their price objective on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, UBS Group initiated coverage on shares of Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price on the stock.

View Our Latest Research Report on VRT

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jan Van Dokkum sold 38,647 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at $3,409,750. The trade was a 60.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vertiv

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Clearbridge Investments LLC lifted its holdings in Vertiv by 15.4% in the second quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock valued at $221,013,000 after buying an additional 340,639 shares during the period. Whittier Trust Co. lifted its stake in shares of Vertiv by 7.2% in the 3rd quarter. Whittier Trust Co. now owns 127,210 shares of the company’s stock valued at $12,656,000 after purchasing an additional 8,579 shares during the period. Janney Capital Management LLC acquired a new stake in Vertiv during the third quarter worth approximately $8,403,000. Gordian Capital Singapore Pte Ltd grew its stake in Vertiv by 112.5% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock worth $846,000 after purchasing an additional 4,500 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in Vertiv by 190.7% in the third quarter. Assenagon Asset Management S.A. now owns 55,923 shares of the company’s stock worth $5,564,000 after purchasing an additional 36,684 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Performance

Shares of NYSE VRT opened at $115.44 on Tuesday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The firm has a market cap of $43.33 billion, a price-to-earnings ratio of 76.96, a P/E/G ratio of 1.29 and a beta of 1.61. The stock’s fifty day moving average price is $121.39 and its two-hundred day moving average price is $98.68. Vertiv has a one year low of $44.31 and a one year high of $145.67.

Vertiv (NYSE:VRTGet Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the company posted $0.52 earnings per share. Vertiv’s revenue was up 19.0% compared to the same quarter last year. On average, equities analysts forecast that Vertiv will post 2.69 EPS for the current year.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were paid a $0.0375 dividend. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a yield of 0.13%. Vertiv’s dividend payout ratio is presently 6.67%.

About Vertiv

(Get Free Report

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.

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Analyst Recommendations for Vertiv (NYSE:VRT)

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