Vertiv Holdings Co (NYSE:VRT) Receives $92.11 Average PT from Brokerages

Vertiv Holdings Co (NYSE:VRT) has received an average recommendation of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $96.56.

A number of brokerages recently weighed in on VRT. Mizuho upped their price objective on Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. TD Cowen upped their price objective on Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday. Evercore ISI upped their target price on Vertiv from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, June 14th. JPMorgan Chase & Co. upped their target price on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Finally, The Goldman Sachs Group reduced their target price on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday.

Insider Transactions at Vertiv

In other news, EVP Anders Karlborg sold 46,206 shares of Vertiv stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $93.75, for a total value of $4,331,812.50. Following the sale, the executive vice president now directly owns 23,003 shares of the company’s stock, valued at $2,156,531.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Vertiv news, EVP Anders Karlborg sold 46,206 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $93.75, for a total transaction of $4,331,812.50. Following the transaction, the executive vice president now owns 23,003 shares of the company’s stock, valued at $2,156,531.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Yibin Edward Cui sold 668 shares of the business’s stock in a transaction on Saturday, May 4th. The stock was sold at an average price of $94.39, for a total value of $63,052.52. Following the transaction, the insider now directly owns 19,452 shares in the company, valued at approximately $1,836,074.28. The disclosure for this sale can be found here. Insiders have sold 3,674,034 shares of company stock valued at $354,931,478 over the last ninety days. Insiders own 5.01% of the company’s stock.

Institutional Investors Weigh In On Vertiv

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Diversified Trust Co purchased a new stake in shares of Vertiv in the 4th quarter valued at $222,000. Nordea Investment Management AB acquired a new position in Vertiv during the 4th quarter worth $1,040,000. Gulf International Bank UK Ltd acquired a new position in Vertiv during the 4th quarter worth $1,637,000. Chesley Taft & Associates LLC grew its stake in Vertiv by 76.1% during the 4th quarter. Chesley Taft & Associates LLC now owns 12,184 shares of the company’s stock worth $585,000 after purchasing an additional 5,264 shares in the last quarter. Finally, IFM Investors Pty Ltd acquired a new position in Vertiv during the 4th quarter worth $3,404,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

Shares of VRT stock opened at $77.10 on Friday. Vertiv has a twelve month low of $25.09 and a twelve month high of $109.27. The stock has a market capitalization of $28.86 billion, a price-to-earnings ratio of 74.13, a P/E/G ratio of 1.11 and a beta of 1.58. The stock has a fifty day simple moving average of $91.90 and a two-hundred day simple moving average of $79.76. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 2.09.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.10. Vertiv had a return on equity of 49.53% and a net margin of 6.93%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the business earned $0.46 EPS. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, analysts predict that Vertiv will post 2.5 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date was Monday, June 17th. Vertiv’s dividend payout ratio is presently 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.