Vertiv Holdings Co (NYSE:VRT) Given Average Rating of “Buy” by Brokerages

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

Several research analysts have commented on VRT shares. Jefferies Financial Group started 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. TD Cowen lifted their price objective on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday. Citigroup lifted their price objective on Vertiv from $134.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday. Evercore ISI boosted their price target on Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Oppenheimer boosted their price target on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday.

Vertiv Stock Up 3.1 %

Shares of VRT stock opened at $141.75 on Friday. The stock’s 50 day simple moving average is $109.85 and its 200 day simple moving average is $94.90. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. Vertiv has a twelve month low of $41.01 and a twelve month high of $145.67. The company has a market capitalization of $53.20 billion, a price-to-earnings ratio of 94.50, a PEG ratio of 1.53 and a beta of 1.58.

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

Vertiv Increases Dividend

The business 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 $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date is Tuesday, December 3rd. This is an increase from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio is currently 6.67%.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 10,542 shares of the company’s stock, valued at $843,254.58. This represents a 80.99 % 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. Insiders own 5.01% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VRT. ORG Partners LLC boosted its position in Vertiv by 25.1% during the third quarter. ORG Partners LLC now owns 458 shares of the company’s stock valued at $46,000 after purchasing an additional 92 shares during the last quarter. Allworth Financial LP raised its stake in Vertiv by 18.6% in the third quarter. Allworth Financial LP now owns 638 shares of the company’s stock valued at $63,000 after buying an additional 100 shares during the period. NBC Securities Inc. raised its stake in 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 buying an additional 112 shares during the period. Nvwm LLC raised its stake in Vertiv by 1.3% in the third quarter. Nvwm LLC now owns 10,035 shares of the company’s stock valued at $998,000 after buying an additional 124 shares during the period. Finally, Callan Family Office LLC raised its stake in Vertiv by 0.9% in the third quarter. Callan Family Office LLC now owns 14,989 shares of the company’s stock valued at $1,491,000 after buying an additional 137 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

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.