Vertiv Holdings Co (NYSE:VRT) Receives Consensus Rating of “Buy” from Analysts

Vertiv Holdings Co (NYSE:VRT) has earned a consensus recommendation of “Buy” from the ten analysts that are covering the stock, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have covered the stock in the last year is $138.50.

A number of brokerages recently issued reports on VRT. The Goldman Sachs Group increased their price target on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday. Evercore ISI increased their price target on Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. TD Cowen raised their target price on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday. UBS Group assumed coverage on Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price on the stock. Finally, Mizuho raised their target price on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday.

Insider Activity at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the sale, the insider now owns 10,542 shares of the company’s stock, valued at $843,254.58. This trade represents a 80.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.01% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VRT. Jennison Associates LLC raised its position in Vertiv by 10,825.0% during the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after purchasing an additional 4,558,306 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in Vertiv during the 2nd quarter worth $331,091,000. Price T Rowe Associates Inc. MD raised its position in shares of Vertiv by 303.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock worth $390,143,000 after acquiring an additional 3,591,903 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Vertiv by 271.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after acquiring an additional 2,860,181 shares in the last quarter. Finally, Castle Hook Partners LP raised its position in shares of Vertiv by 215.6% in the 3rd quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock worth $185,492,000 after acquiring an additional 1,273,746 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Vertiv Price Performance

Shares of NYSE VRT opened at $141.75 on Friday. The firm has a market cap of $53.20 billion, a P/E ratio of 94.50, a price-to-earnings-growth ratio of 1.53 and a beta of 1.58. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. Vertiv has a 1-year low of $41.01 and a 1-year high of $145.67. The business’s 50 day moving average is $109.85 and its 200-day moving average is $94.90.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 earnings per share. Equities research analysts predict that Vertiv will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be issued a dividend of $0.0375 per share. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 3rd. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. Vertiv’s dividend payout ratio (DPR) is 6.67%.

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.