Analysts Set Vertiv Holdings Co (NYSE:VRT) PT at $122.11

Shares of Vertiv Holdings Co (NYSE:VRT) have received an average rating of “Buy” from the nine analysts that are covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $122.11.

Several equities research analysts have commented on the stock. The Goldman Sachs Group dropped 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. Bank of America increased their price objective on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 24th. TD Cowen increased their price objective on shares of Vertiv from $93.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Citigroup increased their price objective on shares of Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group assumed coverage on shares of Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective for the company.

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 completion of the transaction, the insider now owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.01% of the company’s stock.

Hedge Funds Weigh In On Vertiv

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Old West Investment Management LLC lifted its position in Vertiv by 44.1% in the 3rd quarter. Old West Investment Management LLC now owns 28,372 shares of the company’s stock worth $2,823,000 after buying an additional 8,683 shares in the last quarter. Cornerstone Capital Inc. purchased a new stake in Vertiv in the 3rd quarter worth approximately $3,133,000. FSM Wealth Advisors LLC purchased a new stake in Vertiv in the 3rd quarter worth approximately $219,000. Catalyst Capital Advisors LLC purchased a new stake in Vertiv in the 3rd quarter worth approximately $1,063,000. Finally, Hazlett Burt & Watson Inc. lifted its position in Vertiv by 322.1% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,625 shares of the company’s stock worth $159,000 after buying an additional 1,240 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Performance

NYSE:VRT opened at $112.47 on Monday. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00. The firm has a 50-day moving average of $95.70 and a two-hundred day moving average of $90.82. The stock has a market cap of $42.19 billion, a P/E ratio of 108.14, a PEG ratio of 1.47 and a beta of 1.59. Vertiv has a 1-year low of $37.21 and a 1-year high of $116.41.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 EPS. On average, research analysts expect that Vertiv will post 2.58 earnings per share for the current fiscal year.

Vertiv Announces Dividend

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

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.