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

Vertiv Holdings Co (NYSE:VRT) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $92.11.

A number of research firms have recently weighed in on VRT. Oppenheimer boosted their price objective on shares of Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Mizuho increased their price target on Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. lifted their price objective on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Bank of America increased their target price on Vertiv from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Finally, The Goldman Sachs Group upped their price objective on shares of Vertiv from $103.00 to $116.00 and gave the company a “buy” rating in a research note on Friday, May 17th.

Vertiv Price Performance

Shares of NYSE:VRT opened at $78.62 on Friday. Vertiv has a one year low of $25.09 and a one year high of $109.27. The stock has a market cap of $29.43 billion, a PE ratio of 75.60, a price-to-earnings-growth ratio of 1.27 and a beta of 1.58. The business’s fifty day moving average price is $92.71 and its two-hundred day moving average price is $79.58. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.98 and a current ratio of 1.34.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 EPS. On average, analysts forecast that Vertiv will post 2.44 EPS for the current fiscal year.

Vertiv Announces Dividend

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

Insider Activity

In related news, Director Doherty Philip O’ sold 2,511,295 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $93.64, for a total transaction of $235,157,663.80. Following the completion of the sale, the director now directly owns 9,324,181 shares of the company’s stock, valued at approximately $873,116,308.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Roger Fradin sold 16,667 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $103.86, for a total transaction of $1,731,034.62. Following the completion of the sale, the director now directly owns 218,333 shares in the company, valued at $22,676,065.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Doherty Philip O’ sold 2,511,295 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 9,324,181 shares of the company’s stock, valued at approximately $873,116,308.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,162,739 shares of company stock valued at $400,713,362. Company insiders own 5.01% of the company’s stock.

Institutional Trading of Vertiv

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in Vertiv by 22.3% in the first quarter. GAMMA Investing LLC now owns 653 shares of the company’s stock valued at $53,000 after buying an additional 119 shares during the last quarter. Lindbrook Capital LLC increased its holdings in shares of Vertiv by 33.2% during the first quarter. Lindbrook Capital LLC now owns 550 shares of the company’s stock valued at $45,000 after purchasing an additional 137 shares during the period. Quadrant Capital Group LLC increased its stake in Vertiv by 24.7% during the 4th quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock valued at $41,000 after buying an additional 170 shares during the period. Farmers & Merchants Investments Inc. boosted its holdings in shares of Vertiv by 66.7% in the first quarter. Farmers & Merchants Investments Inc. now owns 500 shares of the company’s stock valued at $41,000 after acquiring an additional 200 shares in the last quarter. Finally, Mather Group LLC. grew its holdings in Vertiv by 132.5% during the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after acquiring an additional 200 shares during the period. 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.