Vertiv Holdings Co (NYSE:VRT) Receives $139.36 Consensus Target Price from Analysts

Vertiv Holdings Co (NYSE:VRT) has been given a consensus rating of “Moderate Buy” by the fifteen brokerages that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $139.36.

A number of equities research analysts have issued reports on VRT shares. Evercore ISI decreased their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Bank of America upped their price objective on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Morgan Stanley assumed coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price on the stock. Citigroup upped their price target on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Mizuho raised their price target on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th.

Insider Activity

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction that occurred on Tuesday, November 26th. The stock was 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 approximately $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jan Van Dokkum sold 38,647 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the completion of the sale, the director now owns 25,000 shares in the company, valued at approximately $3,409,750. This represents a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 171,527 shares of company stock worth $23,105,682. Company insiders own 5.01% of the company’s stock.

Institutional Investors Weigh In On Vertiv

Several institutional investors and hedge funds have recently made changes to their positions in the company. SOA Wealth Advisors LLC. acquired a new position in shares of Vertiv in the 4th quarter worth approximately $26,000. Krane Funds Advisors LLC acquired a new position in Vertiv in the third quarter worth $29,000. Global Trust Asset Management LLC bought a new stake in shares of Vertiv during the third quarter worth $30,000. Mark Sheptoff Financial Planning LLC grew its holdings in shares of Vertiv by 200.0% during the third 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 last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Vertiv in the third quarter valued at about $30,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Performance

VRT opened at $123.10 on Wednesday. The stock has a 50-day moving average of $124.37 and a 200-day moving average of $107.76. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. Vertiv has a 52-week low of $55.00 and a 52-week high of $155.84. The company has a market cap of $46.20 billion, a PE ratio of 82.07, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64.

Vertiv Increases Dividend

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

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.