Vertiv Holdings Co (NYSE:VRT) Receives $120.38 Consensus PT from Analysts

Shares of Vertiv Holdings Co (NYSE:VRT) have earned a consensus recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $122.06.

Several analysts have issued reports on the company. Roth Mkm initiated coverage on Vertiv in a research note on Tuesday, April 8th. They issued a “buy” rating and a $75.00 price target on the stock. Roth Capital upgraded Vertiv to a “strong-buy” rating in a report on Monday, April 7th. Morgan Stanley cut their target price on Vertiv from $140.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. raised their price target on shares of Vertiv from $100.00 to $127.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, The Goldman Sachs Group lowered their price objective on shares of Vertiv from $135.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, April 10th.

Insider Buying and Selling at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the transaction, the insider now directly owns 18,847 shares of the company’s stock, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.63% of the company’s stock.

Institutional Investors Weigh In On Vertiv

Several hedge funds have recently added to or reduced their stakes in VRT. Massachusetts Financial Services Co. MA acquired a new stake in shares of Vertiv during the 4th quarter worth about $597,379,000. Norges Bank bought a new position in Vertiv in the 4th quarter valued at about $391,777,000. Amundi lifted its position in Vertiv by 96.8% during the first quarter. Amundi now owns 6,951,773 shares of the company’s stock worth $469,490,000 after acquiring an additional 3,420,144 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Vertiv by 68.6% during the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock worth $880,971,000 after acquiring an additional 3,153,932 shares during the period. Finally, 1832 Asset Management L.P. boosted its holdings in shares of Vertiv by 985.3% during the first quarter. 1832 Asset Management L.P. now owns 2,301,700 shares of the company’s stock worth $166,183,000 after acquiring an additional 2,089,612 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Price Performance

Shares of VRT stock opened at $106.01 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. Vertiv has a 12-month low of $53.60 and a 12-month high of $155.84. The firm has a fifty day moving average of $82.70 and a 200-day moving average of $105.98. The firm has a market capitalization of $40.40 billion, a price-to-earnings ratio of 82.82, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The company’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share. On average, equities research analysts forecast that Vertiv will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date was Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is presently 8.72%.

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.