Vertiv Holdings Co (NYSE:VRT) Receives $140.92 Average PT from Brokerages

Shares of Vertiv Holdings Co (NYSE:VRT) have been given a consensus recommendation of “Moderate Buy” by the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and eleven have given a 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 $140.92.

VRT has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Barclays started coverage on Vertiv in a report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 price target on the stock. Citigroup lifted their price objective on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Mizuho upped their target price on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, UBS Group started coverage on Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target for the company.

Vertiv Stock Down 3.8 %

VRT opened at $124.06 on Friday. The business has a 50 day simple moving average of $125.10 and a 200-day simple moving average of $102.45. Vertiv has a 12 month low of $48.86 and a 12 month high of $145.67. The stock has a market capitalization of $46.56 billion, a P/E ratio of 82.71, a P/E/G ratio of 1.29 and a beta of 1.63. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

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

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.0375 per share. This is a boost from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. The ex-dividend date was Tuesday, December 3rd. Vertiv’s dividend payout ratio (DPR) is currently 6.67%.

Insider Transactions at Vertiv

In related news, insider Anand Sanghi sold 30,914 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the transaction, the insider now directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. This represents a 61.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the sale, the executive vice president now owns 19,551 shares of the company’s stock, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 171,527 shares of company stock worth $23,105,682 over the last ninety days. 5.01% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Vertiv

Institutional investors and hedge funds have recently bought and sold shares of the stock. Anchor Investment Management LLC purchased a new stake in shares of Vertiv during the 2nd quarter valued at $26,000. Krane Funds Advisors LLC purchased a new stake in Vertiv during the third quarter valued at about $29,000. Global Trust Asset Management LLC acquired a new stake in Vertiv during the third quarter worth about $30,000. Mark Sheptoff Financial Planning LLC raised its holdings in shares of Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the period. Finally, Brooklyn Investment Group purchased a new position in shares of Vertiv in the 3rd quarter worth about $30,000. 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.