Vertiv Holdings Co (NYSE:VRT) Given Average Recommendation of "Moderate Buy" by Brokerages

Vertiv Holdings Co (NYSE:VRT - Get Free Report) has been given an average rating of "Moderate Buy" by the thirteen ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $140.92.

Several research analysts have weighed in on VRT shares. Citigroup upped their price objective on shares of Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Evercore ISI upped their target price on shares of Vertiv from $125.00 to $135.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Oppenheimer raised their price target on shares of Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. Bank of America boosted their price objective on Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, 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, November 19th.

Insiders Place Their Bets

In related news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the transaction, the executive vice president now directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. The trade was a 81.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jan Van Dokkum sold 38,647 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $136.39, for a total value of $5,271,064.33. Following the sale, the director now owns 25,000 shares in the company, valued at approximately $3,409,750. This represents a 60.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 171,527 shares of company stock valued at $23,105,682 over the last ninety days. 5.01% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Silverleafe Capital Partners LLC bought a new stake in Vertiv during the fourth quarter valued at $4,219,000. Clearbridge Investments LLC raised its holdings in shares of Vertiv by 15.4% in the 2nd quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company's stock valued at $221,013,000 after acquiring an additional 340,639 shares in the last quarter. Whittier Trust Co. boosted its position in shares of Vertiv by 7.2% during the 3rd quarter. Whittier Trust Co. now owns 127,210 shares of the company's stock valued at $12,656,000 after acquiring an additional 8,579 shares during the last quarter. Janney Capital Management LLC purchased a new position in shares of Vertiv during the third quarter worth about $8,403,000. Finally, Gordian Capital Singapore Pte Ltd increased its position in shares of Vertiv by 112.5% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company's stock worth $846,000 after purchasing an additional 4,500 shares during the last quarter. Institutional investors own 89.92% of the company's stock.

Vertiv Stock Down 0.2 %

Shares of VRT stock traded down $0.32 on Friday, reaching $128.95. 5,203,529 shares of the company were exchanged, compared to its average volume of 6,461,631. Vertiv has a one year low of $48.22 and a one year high of $145.67. The company has a market cap of $48.40 billion, a price-to-earnings ratio of 85.97, a PEG ratio of 1.29 and a beta of 1.63. The company has a 50-day moving average of $124.74 and a 200-day moving average of $102.08. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the company earned $0.52 earnings per share. The company's quarterly revenue was up 19.0% on a year-over-year basis. Analysts anticipate that Vertiv will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. This is an increase from Vertiv's previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date was Tuesday, December 3rd. Vertiv's dividend payout ratio is currently 6.67%.

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.