Vertiv Holdings Co (NYSE:VRT) Receives $96.22 Average Target Price from Analysts

Shares of Vertiv Holdings Co (NYSE:VRT) have earned an average recommendation of “Buy” from the nine ratings firms that are presently covering the company, MarketBeat reports. Nine research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $96.22.

VRT has been the topic of a number of research reports. Oppenheimer raised their price target on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Citigroup raised their price target on Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Mizuho raised Vertiv from a “neutral” rating to an “outperform” rating and reduced their price objective for the stock from $95.00 to $92.00 in a research note on Wednesday, August 7th. Evercore ISI reissued an “outperform” rating and set a $105.00 price objective on shares of Vertiv in a research note on Thursday. Finally, Bank of America boosted their price objective on Vertiv from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th.

Vertiv Stock Performance

Shares of VRT opened at $79.42 on Wednesday. The business’s fifty day simple moving average is $84.51 and its two-hundred day simple moving average is $82.48. The company has a current ratio of 1.36, a quick ratio of 0.98 and a debt-to-equity ratio of 1.90. Vertiv has a 12 month low of $32.38 and a 12 month high of $109.27. The company has a market cap of $29.73 billion, a price-to-earnings ratio of 76.37, a P/E/G ratio of 0.97 and a beta of 1.58.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.57 by $0.10. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same period last year, the business posted $0.46 EPS. Research analysts anticipate that Vertiv will post 2.58 earnings per share for the current fiscal year.

Vertiv Announces Dividend

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

Insider Buying and Selling at Vertiv

In related news, Director Doherty Philip O’ sold 1,089,669 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $103.34, for a total value of $112,606,394.46. Following the completion of the sale, the director now owns 8,234,512 shares in the company, valued at $850,954,470.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.01% of the company’s stock.

Institutional Trading of Vertiv

A number of large investors have recently modified their holdings of VRT. Bogart Wealth LLC purchased a new stake in shares of Vertiv in the first quarter valued at approximately $25,000. GAMMA Investing LLC purchased a new stake in Vertiv during the fourth quarter worth $26,000. Raleigh Capital Management Inc. lifted its holdings in Vertiv by 79.0% during the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock worth $27,000 after buying an additional 252 shares during the period. Atticus Wealth Management LLC purchased a new stake in Vertiv during the first quarter worth $27,000. Finally, Mather Group LLC. lifted 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 buying an additional 200 shares during the period. Hedge funds and other institutional investors 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.