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

Shares of Vertiv Holdings Co (NYSE:VRT - Get Free Report) have earned an average rating of "Moderate Buy" from the eleven analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $140.09.

A number of equities research analysts have recently weighed in on VRT shares. TD Cowen raised their price target on shares of Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Oppenheimer upped their price target on Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. Barclays started coverage on shares of Vertiv in a research note on Thursday, December 12th. They set an "equal weight" rating and a $142.00 target price for the company. Bank of America boosted their price target on Vertiv from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, Jefferies Financial Group started coverage on shares of Vertiv in a research report on Monday, October 7th. They set a "buy" rating and a $125.00 price objective for the company.

Vertiv Price Performance

Shares of VRT stock traded down $5.27 during trading on Tuesday, hitting $120.70. The company had a trading volume of 5,864,625 shares, compared to its average volume of 8,109,383. The firm has a market capitalization of $45.30 billion, a P/E ratio of 80.47, a price-to-earnings-growth ratio of 1.29 and a beta of 1.61. Vertiv has a one year low of $44.31 and a one year high of $145.67. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The stock's 50-day moving average price is $121.11 and its 200 day moving average price is $98.45.

Vertiv (NYSE:VRT - Get Free Report) last posted 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 net margin of 7.72% and a return on equity of 55.33%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the business posted $0.52 EPS. The firm's revenue for the quarter was up 19.0% on a year-over-year basis. Equities analysts expect that Vertiv will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

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

Insider Activity

In other news, insider Anand Sanghi sold 30,914 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the sale, the insider now directly owns 19,448 shares of the company's stock, valued at $2,751,114.08. This trade represents a 61.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of the firm's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the sale, the director now owns 3,425 shares of the company's stock, valued at $470,526.50. This trade represents a 81.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 171,527 shares of company stock worth $23,105,682 over the last quarter. Insiders own 5.01% of the company's stock.

Hedge Funds Weigh In On Vertiv

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ORG Partners LLC boosted its holdings in Vertiv by 25.1% in the 3rd quarter. ORG Partners LLC now owns 458 shares of the company's stock worth $46,000 after buying an additional 92 shares during the period. Allworth Financial LP boosted its holdings in shares of Vertiv by 18.6% in the third quarter. Allworth Financial LP now owns 638 shares of the company's stock worth $63,000 after acquiring an additional 100 shares during the period. NBC Securities Inc. grew its position in shares of Vertiv by 0.9% in the third quarter. NBC Securities Inc. now owns 13,125 shares of the company's stock valued at $1,305,000 after purchasing an additional 112 shares in the last quarter. Nvwm LLC raised its stake in shares of Vertiv by 1.3% during the 3rd quarter. Nvwm LLC now owns 10,035 shares of the company's stock valued at $998,000 after purchasing an additional 124 shares during the period. Finally, Callan Family Office LLC raised its stake in shares of Vertiv by 0.9% during the 3rd quarter. Callan Family Office LLC now owns 14,989 shares of the company's stock valued at $1,491,000 after purchasing an additional 137 shares during the period. Institutional investors own 89.92% of the company's stock.

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.