Brokerages Set Vertiv Holdings Co (NYSE:VRT) Target Price at $140.09

Shares of Vertiv Holdings Co (NYSE:VRT) have received an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $140.09.

A number of analysts have weighed in on VRT shares. Jefferies Financial Group began coverage on Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 price target on the stock. Evercore ISI increased their target price on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price target on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. Mizuho raised their price objective on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, Bank of America increased their price target on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th.

Insiders Place Their Bets

In other news, Director Jan Van Dokkum sold 38,647 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was 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 directly owns 25,000 shares of the company’s stock, valued at $3,409,750. This represents a 60.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the sale, the insider now directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. This represents a 61.38 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 171,527 shares of company stock worth $23,105,682. Corporate insiders own 5.01% of the company’s stock.

Hedge Funds Weigh In On Vertiv

Large investors have recently modified their holdings of the business. Principal Financial Group Inc. increased its holdings in Vertiv by 430.5% during the third quarter. Principal Financial Group Inc. now owns 165,557 shares of the company’s stock worth $16,471,000 after buying an additional 134,349 shares during the last quarter. Lord Abbett & CO. LLC grew its position in shares of Vertiv by 31.6% in the 3rd quarter. Lord Abbett & CO. LLC now owns 843,058 shares of the company’s stock valued at $83,876,000 after acquiring an additional 202,576 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in shares of Vertiv by 18.6% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,502 shares of the company’s stock worth $660,000 after purchasing an additional 1,021 shares during the last quarter. Blankinship & Foster LLC bought a new stake in shares of Vertiv in the 3rd quarter valued at about $8,798,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Vertiv in the 3rd quarter valued at about $584,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Stock Up 1.2 %

VRT opened at $115.44 on Tuesday. Vertiv has a 1-year low of $44.31 and a 1-year high of $145.67. The business has a 50 day moving average of $121.39 and a 200-day moving average of $98.68. The stock has a market capitalization of $43.33 billion, a price-to-earnings ratio of 76.96, a P/E/G ratio of 1.29 and a beta of 1.61. 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 (NYSE:VRT) last released its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter last year, the company earned $0.52 earnings per share. The firm’s revenue was up 19.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Vertiv will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued a $0.0375 dividend. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. Vertiv’s payout ratio 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.