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

Shares of Vertiv Holdings Co (NYSE:VRT) have been given an average rating of “Moderate Buy” by the fifteen analysts that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $135.33.

Several research analysts have recently issued reports on VRT shares. Barclays dropped their target price on shares of Vertiv from $111.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Royal Bank of Canada began coverage on Vertiv in a report on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price on the stock. Melius cut shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Tuesday, January 28th. Melius Research reiterated a “hold” rating and set a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. Finally, Citigroup raised their price target on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th.

Vertiv Stock Performance

Vertiv stock opened at $81.73 on Thursday. The stock has a market cap of $31.12 billion, a price-to-earnings ratio of 63.85, a PEG ratio of 1.07 and a beta of 1.71. The stock’s 50 day simple moving average is $105.10 and its two-hundred day simple moving average is $111.48. Vertiv has a fifty-two week low of $62.40 and a fifty-two week high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same quarter last year, the firm posted $0.56 earnings per share. As a group, analysts expect that Vertiv will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be given a $0.0375 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.18%. Vertiv’s dividend payout ratio is currently 11.72%.

Hedge Funds Weigh In On Vertiv

Several large investors have recently modified their holdings of the stock. Fifth Third Bancorp lifted its holdings in Vertiv by 8.1% during the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock valued at $128,000 after buying an additional 84 shares in the last quarter. Prestige Wealth Management Group LLC lifted its holdings in shares of Vertiv by 2.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company’s stock valued at $420,000 after purchasing an additional 85 shares during the last quarter. Accurate Wealth Management LLC boosted its holdings in Vertiv by 4.1% in the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock worth $254,000 after acquiring an additional 87 shares in the last quarter. Horizon Investment Services LLC boosted its stake in Vertiv by 4.1% in the 4th quarter. Horizon Investment Services LLC now owns 2,410 shares of the company’s stock worth $274,000 after purchasing an additional 95 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC grew its holdings in shares of Vertiv by 3.1% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company’s stock valued at $367,000 after buying an additional 97 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

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.