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

Vertiv Holdings Co (NYSE:VRT) has been assigned a consensus rating of “Moderate Buy” from the seventeen analysts that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $121.94.

A number of research firms recently issued reports on VRT. JPMorgan Chase & Co. dropped their target price on shares of Vertiv from $132.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Melius Research reissued a “hold” rating and issued a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Roth Mkm assumed coverage on shares of Vertiv in a research report on Tuesday, April 8th. They issued a “buy” rating and a $75.00 target price for the company. Citigroup dropped their price target on Vertiv from $153.00 to $98.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Barclays cut their target price on shares of Vertiv from $100.00 to $90.00 and set an “equal weight” rating on the stock in a report on Friday, April 4th.

Institutional Trading of Vertiv

Hedge funds and other institutional investors have recently modified their holdings of the company. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv during the 4th quarter valued at $26,000. OLD Second National Bank of Aurora acquired a new stake in shares of Vertiv during the fourth quarter worth $30,000. Tradewinds Capital Management LLC lifted its holdings in shares of Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Vertiv in the 4th quarter valued at $34,000. Finally, Pittenger & Anderson Inc. increased its stake in Vertiv by 92.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

VRT opened at $73.24 on Monday. Vertiv has a 1 year low of $53.60 and a 1 year high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The company’s 50 day simple moving average is $84.24 and its 200 day simple moving average is $108.59. The stock has a market capitalization of $27.89 billion, a PE ratio of 57.22, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm posted $0.56 earnings per share. As a group, sell-side analysts expect that Vertiv will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s payout ratio is currently 11.72%.

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.