Vertiv (NYSE:VRT) Coverage Initiated at Fox Advisors

Fox Advisors assumed coverage on shares of Vertiv (NYSE:VRT) in a research report released on Monday,Benzinga reports. The firm issued an equal weight rating on the stock.

A number of other research firms have also recently weighed in on VRT. UBS Group began coverage on Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price objective for the company. Barclays initiated coverage on Vertiv in a report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price target for the company. Citigroup boosted their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Mizuho raised their target price on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Finally, The Goldman Sachs Group boosted their price target on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $140.92.

Vertiv Stock Performance

Shares of Vertiv stock opened at $134.07 on Monday. The firm’s fifty day simple moving average is $123.23 and its 200-day simple moving average is $101.06. Vertiv has a 12 month low of $46.62 and a 12 month high of $145.67. The stock has a market capitalization of $50.32 billion, a price-to-earnings ratio of 89.38, a PEG ratio of 1.29 and a beta of 1.63. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

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

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

Insider Buying and Selling

In other Vertiv news, Director Jan Van Dokkum sold 38,647 shares of Vertiv stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the completion of the transaction, the director now owns 25,000 shares in the company, valued at approximately $3,409,750. The trade was a 60.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Stephen Liang sold 86,619 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the sale, the executive vice president now 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. Insiders have sold a total of 171,527 shares of company stock worth $23,105,682 in the last quarter. Company insiders own 5.01% of the company’s stock.

Institutional Investors Weigh In On Vertiv

Institutional investors and hedge funds have recently bought and sold shares of the stock. Silverleafe Capital Partners LLC purchased a new position in Vertiv during the fourth quarter worth $4,219,000. Neville Rodie & Shaw Inc. boosted its stake in shares of Vertiv by 160.2% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 41,555 shares of the company’s stock valued at $4,721,000 after acquiring an additional 25,585 shares during the last quarter. Nordea Investment Management AB increased its position in Vertiv by 3,417.9% during the 4th quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock worth $110,544,000 after purchasing an additional 936,698 shares in the last quarter. Everence Capital Management Inc. acquired a new position in Vertiv in the 4th quarter valued at about $862,000. Finally, GAMMA Investing LLC lifted its holdings in Vertiv by 50.1% in the 4th quarter. GAMMA Investing LLC now owns 2,857 shares of the company’s stock valued at $325,000 after purchasing an additional 953 shares in the last quarter. Hedge funds and other 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.