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

Vertiv Holdings Co (NYSE:VRT) has been given an average recommendation of “Buy” by the nine brokerages that are covering the firm, Marketbeat reports. Nine equities research analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have covered the stock in the last year is $106.89.

Several equities research analysts recently commented on VRT shares. Jefferies Financial Group started coverage on shares of Vertiv in a research report on Monday. They issued a “buy” rating and a $125.00 price objective on the stock. Mizuho upgraded shares of Vertiv from a “neutral” rating to an “outperform” rating and decreased their price objective for the stock from $95.00 to $92.00 in a research report on Wednesday, August 7th. TD Cowen raised their price target on shares of Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Evercore ISI raised their price target on shares of Vertiv from $105.00 to $125.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, The Goldman Sachs Group decreased their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th.

Insider Buying and Selling

In related news, insider Karsten Winther sold 44,924 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the sale, the insider now directly owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.01% of the company’s stock.

Institutional Investors Weigh In On Vertiv

Hedge funds have recently modified their holdings of the stock. Anchor Investment Management LLC acquired a new stake in shares of Vertiv in the second quarter worth approximately $26,000. Atticus Wealth Management LLC purchased a new position in Vertiv in the first quarter valued at approximately $27,000. Mather Group LLC. raised its holdings in Vertiv by 132.5% in the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after buying an additional 200 shares during the period. OFI Invest Asset Management purchased a new position in Vertiv in the second quarter valued at approximately $34,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in Vertiv in the first quarter valued at approximately $34,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Price Performance

Vertiv stock opened at $106.72 on Thursday. Vertiv has a 52 week low of $34.60 and a 52 week high of $109.27. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. The firm’s 50-day simple moving average is $82.73 and its 200 day simple moving average is $87.33. The firm has a market capitalization of $39.95 billion, a PE ratio of 102.62, a P/E/G ratio of 1.26 and a beta of 1.59.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.57 by $0.10. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the firm earned $0.46 EPS. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, equities research analysts predict that Vertiv will post 2.58 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were given a $0.025 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.09%. Vertiv’s dividend payout ratio is presently 9.62%.

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.