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

Vertiv Holdings Co (NYSE:VRT) has received an average recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $139.36.

A number of research analysts have recently weighed in on VRT shares. Melius Research reaffirmed a “hold” rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Fox Advisors initiated coverage on shares of Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. Morgan Stanley started coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Finally, Bank of America upped their target price on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 24th.

Vertiv Stock Performance

Shares of VRT opened at $111.21 on Wednesday. Vertiv has a one year low of $55.00 and a one year high of $155.84. The business has a fifty day moving average of $125.24 and a 200 day moving average of $106.51. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The firm has a market capitalization of $41.74 billion, a P/E ratio of 74.14, a PEG ratio of 0.92 and a beta of 1.64.

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a yield of 0.13%. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio (DPR) is 6.67%.

Insiders Place Their Bets

In related news, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the transaction, the executive vice president now directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jakki L. Haussler sold 15,347 shares of the 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 completion of the sale, the director now directly owns 3,425 shares in the company, valued at $470,526.50. This trade represents a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 171,527 shares of company stock valued at $23,105,682 in the last three months. Corporate insiders own 5.01% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. SOA Wealth Advisors LLC. purchased a new stake in Vertiv in the 4th quarter valued at about $26,000. OLD Second National Bank of Aurora bought a new stake in shares of Vertiv during the fourth quarter valued at approximately $30,000. Tradewinds Capital Management LLC boosted its holdings in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during the period. Krane Funds Advisors LLC bought a new position in Vertiv in the third quarter worth approximately $29,000. Finally, Global Trust Asset Management LLC bought a new position in Vertiv in the third quarter worth approximately $30,000. Institutional investors 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.