Vertiv Holdings Co (NYSE:VRT) Receives $139.36 Consensus PT from Analysts

Shares of Vertiv Holdings Co (NYSE:VRT) have earned an average rating of “Moderate Buy” from the fifteen ratings firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $139.36.

Several research firms have recently commented on VRT. Barclays began coverage on shares of Vertiv in a research note on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price target on the stock. Evercore ISI reduced their price objective 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. UBS Group initiated coverage on shares of Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective on the stock. Citigroup raised 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. Finally, The Goldman Sachs Group raised their price objective on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th.

Vertiv Price Performance

VRT opened at $121.42 on Wednesday. Vertiv has a one year low of $55.00 and a one year high of $155.84. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The company’s 50 day simple moving average is $124.52 and its 200-day simple moving average is $106.87. The stock has a market capitalization of $45.57 billion, a P/E ratio of 80.95, a price-to-earnings-growth ratio of 0.92 and a beta of 1.64.

Vertiv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.12%. Vertiv’s dividend payout ratio (DPR) is 6.67%.

Insiders Place Their Bets

In related news, Director Jakki L. Haussler sold 15,347 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the sale, the director now directly owns 3,425 shares in the company, valued at $470,526.50. This trade represents a 81.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 171,527 shares of company stock worth $23,105,682. Company insiders own 5.01% of the company’s stock.

Institutional Investors Weigh In On Vertiv

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp raised its holdings in shares of Vertiv by 8.1% during the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock worth $128,000 after acquiring an additional 84 shares during the period. Accurate Wealth Management LLC grew its position in Vertiv by 4.1% in the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock valued at $254,000 after purchasing an additional 87 shares in the last quarter. ORG Partners LLC grew its position in Vertiv by 25.1% in the third quarter. ORG Partners LLC now owns 458 shares of the company’s stock valued at $46,000 after purchasing an additional 92 shares in the last quarter. Allworth Financial LP grew its position in Vertiv by 18.6% in the third quarter. Allworth Financial LP now owns 638 shares of the company’s stock valued at $63,000 after purchasing an additional 100 shares in the last quarter. Finally, Tradewinds Capital Management LLC grew its position in Vertiv by 61.3% in 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 in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.