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

Vertiv Holdings Co (NYSE:VRT) has been given a consensus rating of “Moderate Buy” by the eleven analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $140.09.

VRT has been the subject of a number of research analyst reports. Bank of America upped their price target on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Jefferies Financial Group started coverage on Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 target price for the company. UBS Group began coverage on Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target on the stock. Barclays began coverage on Vertiv in a report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 price objective for the company. Finally, Oppenheimer boosted their price target on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th.

Insiders Place Their Bets

In other news, EVP Stephen Liang sold 86,619 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the sale, the executive vice president now owns 19,551 shares in the company, valued at $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the transaction, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. This represents a 61.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 171,527 shares of company stock worth $23,105,682 over the last ninety days. 5.01% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vertiv

Large investors have recently made changes to their positions in the business. Anchor Investment Management LLC acquired a new position in Vertiv in the 2nd quarter valued at approximately $26,000. Krane Funds Advisors LLC purchased a new position in shares of Vertiv during the 3rd quarter valued at $29,000. Global Trust Asset Management LLC acquired a new position in shares of Vertiv in the third quarter worth $30,000. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Vertiv in the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Price Performance

VRT opened at $125.95 on Tuesday. Vertiv has a twelve month low of $44.31 and a twelve month high of $145.67. The firm has a market cap of $47.27 billion, a price-to-earnings ratio of 83.97, a PEG ratio of 1.29 and a beta of 1.61. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The company has a fifty day simple moving average of $120.83 and a 200 day simple moving average of $98.29.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.07. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 earnings per share. Equities research analysts expect that Vertiv will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. Vertiv’s dividend payout ratio 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.