Vertiv Holdings Co (NYSE:VRT) Given Consensus Rating of “Buy” by Brokerages

Vertiv Holdings Co (NYSE:VRT) has been given a consensus recommendation of “Buy” by the nine brokerages that are covering the firm, Marketbeat reports. Nine investment analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $96.22.

Several research firms have commented on VRT. Oppenheimer boosted their price objective on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Mizuho upgraded Vertiv from a “neutral” rating to an “outperform” rating and cut their price objective for the stock from $95.00 to $92.00 in a research note on Wednesday, August 7th. Bank of America boosted their price objective on Vertiv from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Citigroup boosted their price objective on Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Finally, The Goldman Sachs Group cut their price objective on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, July 25th.

Insider Transactions at Vertiv

In other news, Director Doherty Philip O’ sold 1,089,669 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $103.34, for a total transaction of $112,606,394.46. Following the transaction, the director now directly owns 8,234,512 shares in the company, valued at approximately $850,954,470.08. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 5.01% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VRT. Bogart Wealth LLC acquired a new position in Vertiv in the first quarter valued at approximately $25,000. GAMMA Investing LLC acquired a new position in Vertiv in the fourth quarter valued at approximately $26,000. Raleigh Capital Management Inc. lifted its holdings in Vertiv by 79.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock valued at $27,000 after acquiring an additional 252 shares during the last quarter. Atticus Wealth Management LLC acquired a new position in Vertiv in the first quarter valued at approximately $27,000. Finally, Mather Group LLC. lifted its holdings in Vertiv by 132.5% in the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after acquiring an additional 200 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Price Performance

Shares of Vertiv stock opened at $76.48 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. Vertiv has a twelve month low of $33.65 and a twelve month high of $109.27. The business has a 50-day moving average price of $84.00 and a 200 day moving average price of $82.72. The firm has a market cap of $28.63 billion, a PE ratio of 73.54, a P/E/G ratio of 0.97 and a beta of 1.58.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.10. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the business earned $0.46 EPS. Vertiv’s revenue for the quarter was up 12.6% compared to the same quarter last year. Sell-side analysts predict that Vertiv will post 2.58 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.13%. The ex-dividend date was Monday, June 17th. Vertiv’s dividend payout ratio is currently 9.62%.

About Vertiv

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.