Roth Capital Upgrades Vertiv (NYSE:VRT) to “Strong-Buy”

Roth Capital upgraded shares of Vertiv (NYSE:VRT) to a strong-buy rating in a report issued on Monday morning,Zacks.com reports.

VRT has been the subject of a number of other reports. Royal Bank of Canada started coverage on Vertiv in a report on Friday, March 7th. They set an “outperform” rating and a $121.00 price target for the company. Fox Advisors assumed coverage on Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating for the company. Melius Research restated a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research report on Tuesday, January 28th. Finally, Evercore ISI decreased their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and an average target price of $128.94.

Vertiv Stock Up 15.5 %

Shares of NYSE:VRT opened at $72.63 on Monday. The company’s fifty day moving average is $90.90 and its 200-day moving average is $109.92. 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 has a 52 week low of $53.60 and a 52 week high of $155.84. The company has a market capitalization of $27.65 billion, a PE ratio of 56.74, a P/E/G ratio of 1.07 and a beta of 1.71.

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

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date was Tuesday, March 18th. Vertiv’s dividend payout ratio is currently 11.72%.

Institutional Investors Weigh In On Vertiv

Large investors have recently bought and sold shares of the company. Fifth Third Bancorp grew its holdings in shares of Vertiv by 8.1% in 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 during the period. Prestige Wealth Management Group LLC grew its stake in Vertiv by 2.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company’s stock valued at $420,000 after acquiring an additional 85 shares during the period. Accurate Wealth Management LLC increased its holdings in shares of 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 increased its holdings in shares of Vertiv by 4.1% in the fourth quarter. Horizon Investment Services LLC now owns 2,410 shares of the company’s stock worth $274,000 after acquiring an additional 95 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC raised its position 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 worth $367,000 after purchasing an additional 97 shares during the period. 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.