Brokerages Set Vertiv Holdings Co (NYSE:VRT) Target Price at $140.09

Vertiv Holdings Co (NYSE:VRT) has received a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $140.09.

A number of research firms recently issued reports on VRT. Bank of America raised their target price on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Oppenheimer lifted their price objective on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Citigroup increased their target price on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. TD Cowen lifted their price target on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. increased their price objective on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th.

Vertiv Price Performance

VRT opened at $117.74 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. Vertiv has a 1 year low of $44.31 and a 1 year high of $145.67. The stock has a fifty day moving average price of $121.55 and a 200 day moving average price of $98.90. The stock has a market cap of $44.19 billion, a price-to-earnings ratio of 78.49, a PEG ratio of 1.29 and a beta of 1.61.

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

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. Vertiv’s dividend payout ratio is 6.67%.

Insider Buying and Selling at Vertiv

In related news, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the completion of the transaction, the director now directly owns 3,425 shares of the company’s stock, valued at $470,526.50. This trade represents a 81.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction dated 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 in the company, valued at $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vertiv

Several institutional investors have recently bought and sold shares of VRT. Principal Financial Group Inc. grew its holdings in shares of Vertiv by 430.5% during the third quarter. Principal Financial Group Inc. now owns 165,557 shares of the company’s stock worth $16,471,000 after purchasing an additional 134,349 shares during the last quarter. Lord Abbett & CO. LLC grew its holdings in Vertiv by 31.6% during the 3rd quarter. Lord Abbett & CO. LLC now owns 843,058 shares of the company’s stock worth $83,876,000 after acquiring an additional 202,576 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its position in Vertiv by 18.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,502 shares of the company’s stock valued at $660,000 after acquiring an additional 1,021 shares in the last quarter. Blankinship & Foster LLC bought a new position in shares of Vertiv in the third quarter worth about $8,798,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Vertiv during the third quarter valued at approximately $584,000. 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.