Vertiv (NYSE:VRT) Coverage Initiated by Analysts at Fox Advisors

Fox Advisors started coverage on shares of Vertiv (NYSE:VRTFree Report) in a research report report published on Monday,Benzinga reports. The firm issued an equal weight rating on the stock.

A number of other research analysts have also recently commented on the stock. Evercore ISI upped their target price on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. The Goldman Sachs Group upped their price objective on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Jefferies Financial Group assumed coverage on shares of Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 target price for the company. TD Cowen boosted their target price on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Mizuho raised their price target on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and an average price target of $140.92.

Get Our Latest Research Report on Vertiv

Vertiv Stock Up 6.7 %

Shares of NYSE VRT opened at $134.07 on Monday. The company has a market capitalization of $50.32 billion, a P/E ratio of 89.38, a P/E/G ratio of 1.29 and a beta of 1.63. 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 company has a 50 day simple moving average of $123.23 and a 200-day simple moving average of $101.06. Vertiv has a 1 year low of $46.62 and a 1 year high of $145.67.

Vertiv (NYSE:VRTGet Free Report) last posted its 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 company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter last year, the firm earned $0.52 earnings per share. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. On average, equities research analysts predict that Vertiv will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.0375 per share. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a yield of 0.11%. Vertiv’s dividend payout ratio is 6.67%.

Insider Buying and Selling at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the 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 sale, the executive vice president now directly owns 19,551 shares of the company’s stock, 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 available at this link. Also, Director Jan Van Dokkum sold 38,647 shares of Vertiv stock in a transaction on Monday, November 25th. The stock was sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the sale, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $3,409,750. This trade represents a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock valued at $23,105,682 in the last quarter. Corporate insiders own 5.01% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VRT. Principal Financial Group Inc. boosted its holdings in Vertiv by 6.1% in the second quarter. Principal Financial Group Inc. now owns 31,208 shares of the company’s stock valued at $2,702,000 after purchasing an additional 1,789 shares in the last quarter. TD Asset Management Inc grew its position in shares of Vertiv by 2.2% in the 2nd quarter. TD Asset Management Inc now owns 57,812 shares of the company’s stock valued at $5,005,000 after buying an additional 1,222 shares during the last quarter. Private Advisor Group LLC raised its stake in Vertiv by 24.1% during the 2nd quarter. Private Advisor Group LLC now owns 36,866 shares of the company’s stock worth $3,191,000 after acquiring an additional 7,163 shares in the last quarter. Lake Street Advisors Group LLC purchased a new stake in Vertiv in the second quarter valued at $445,000. Finally, Acadian Asset Management LLC lifted its position in Vertiv by 166.5% in the second quarter. Acadian Asset Management LLC now owns 10,677 shares of the company’s stock valued at $922,000 after acquiring an additional 6,670 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

About Vertiv

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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.

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Analyst Recommendations for Vertiv (NYSE:VRT)

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