Vertiv Holdings Co (NYSE:VRT) Given Consensus Recommendation of "Buy" by Analysts

Shares of Vertiv Holdings Co (NYSE:VRT - Get Free Report) have received a consensus recommendation of "Buy" from the nine analysts that are covering the company, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $122.11.

A number of brokerages have recently issued reports on VRT. Evercore ISI boosted their price target on shares of Vertiv from $125.00 to $135.00 and gave the stock an "outperform" rating in a research note on Thursday. Mizuho upped their target price on shares of Vertiv from $110.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday. Jefferies Financial Group began coverage on shares of Vertiv in a report on Monday, October 7th. They issued a "buy" rating and a $125.00 price target on the stock. Oppenheimer upped their price target on shares of Vertiv from $115.00 to $121.00 and gave the company an "outperform" rating in a report on Thursday. Finally, The Goldman Sachs Group reduced their price target on shares of Vertiv from $116.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, July 25th.

Vertiv Stock Up 1.3 %

Shares of Vertiv stock traded up $1.41 during trading on Monday, hitting $113.58. 4,764,376 shares of the stock were exchanged, compared to its average volume of 8,359,586. The stock has a market cap of $42.61 billion, a price-to-earnings ratio of 88.74, a price-to-earnings-growth ratio of 1.47 and a beta of 1.59. The firm's 50-day moving average price is $93.57 and its 200 day moving average price is $90.26. Vertiv has a 12-month low of $36.40 and a 12-month high of $116.41. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00.

Vertiv (NYSE:VRT - Get Free Report) 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. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. Vertiv's quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 earnings per share. As a group, analysts forecast that Vertiv will post 2.58 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv's dividend payout ratio is currently 7.81%.

Insiders Place Their Bets

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the transaction, the insider now owns 10,542 shares of the company's stock, valued at $843,254.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.01% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vertiv

Large investors have recently made changes to their positions in the business. Clearbridge Investments LLC increased its position in shares of Vertiv by 15.4% in the second quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company's stock worth $221,013,000 after acquiring an additional 340,639 shares in the last quarter. Whittier Trust Co. increased its position in shares of Vertiv by 7.2% in the third quarter. Whittier Trust Co. now owns 127,210 shares of the company's stock worth $12,656,000 after acquiring an additional 8,579 shares in the last quarter. Generate Investment Management Ltd increased its position in shares of Vertiv by 180.8% in the third quarter. Generate Investment Management Ltd now owns 598,372 shares of the company's stock worth $59,532,000 after acquiring an additional 385,251 shares in the last quarter. Swiss National Bank increased its position in shares of Vertiv by 1.3% in the first quarter. Swiss National Bank now owns 1,085,200 shares of the company's stock worth $88,628,000 after acquiring an additional 14,100 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Vertiv by 1,019.3% in the first quarter. Acadian Asset Management LLC now owns 4,007 shares of the company's stock worth $326,000 after acquiring an additional 3,649 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

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.