Brokerages Set Vertiv Holdings Co (NYSE:VRT) PT at $135.33

Shares of Vertiv Holdings Co (NYSE:VRT) have been assigned a consensus rating of “Moderate Buy” from the fifteen research firms that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $135.33.

A number of brokerages have recently weighed in on VRT. Fox Advisors assumed coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating on the stock. Evercore ISI reduced their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Citigroup upped their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Morgan Stanley began coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target for the company. Finally, Barclays decreased their price target on Vertiv from $111.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday.

Institutional Investors Weigh In On Vertiv

Several large investors have recently added to or reduced their stakes in the stock. SOA Wealth Advisors LLC. bought a new position in shares of Vertiv during the 4th quarter worth $26,000. Mark Sheptoff Financial Planning LLC increased its holdings in shares of Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the period. Brooklyn Investment Group bought a new stake in Vertiv during the third quarter valued at about $30,000. OLD Second National Bank of Aurora purchased a new position in shares of Vertiv in the 4th quarter worth approximately $30,000. Finally, Tradewinds Capital Management LLC lifted its position in 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 acquiring an additional 111 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Trading Down 2.6 %

Shares of VRT stock opened at $74.32 on Thursday. The stock has a market capitalization of $28.30 billion, a PE ratio of 58.06, a P/E/G ratio of 1.07 and a beta of 1.71. Vertiv has a 1-year low of $62.40 and a 1-year high of $155.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The business has a 50-day moving average of $102.74 and a 200 day moving average of $111.48.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the company earned $0.56 earnings per share. As a group, sell-side analysts anticipate that Vertiv will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.20%. Vertiv’s dividend payout ratio (DPR) is 11.72%.

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.