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

Vertiv Holdings Co (NYSE:VRT) has earned a consensus rating of “Moderate Buy” from the nineteen analysts that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $126.69.

Several research analysts have commented on VRT shares. Evercore ISI reissued an “outperform” rating and issued a $150.00 price target (up from $100.00) on shares of Vertiv in a report on Tuesday, May 27th. Morgan Stanley dropped their price objective on Vertiv from $140.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Royal Bank of Canada initiated coverage on Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price on the stock. KGI Securities began coverage on Vertiv in a research report on Thursday, April 24th. They set a “hold” rating for the company. Finally, Roth Capital upgraded shares of Vertiv to a “strong-buy” rating in a research report on Monday, April 7th.

Vertiv Stock Performance

NYSE:VRT opened at $116.51 on Tuesday. The business’s fifty day moving average is $95.56 and its 200 day moving average is $103.60. The firm has a market cap of $44.40 billion, a price-to-earnings ratio of 91.02, a PEG ratio of 1.07 and a beta of 1.73. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. Vertiv has a 52-week low of $53.60 and a 52-week high of $155.84.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the business posted $0.43 earnings per share. The company’s revenue was up 24.2% on a year-over-year basis. Research analysts predict that Vertiv will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 17th will be given a dividend of $0.0375 per share. This represents a yield of 0.14%. This is a positive change from Vertiv’s previous dividend of $0.01. The ex-dividend date is Monday, June 16th. Vertiv’s dividend payout ratio (DPR) is presently 8.72%.

Insiders Place Their Bets

In related news, EVP Stephen Liang sold 43,683 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the completion of the transaction, the executive vice president now owns 9,551 shares in the company, valued at $1,106,292.33. This represents a 82.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Karsten Winther sold 5,500 shares of the firm’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the sale, the insider now directly owns 18,847 shares of the company’s stock, valued at $1,777,837.51. The trade was a 22.59% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.63% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Stanley Capital Management LLC boosted its stake in shares of Vertiv by 13.1% during the 1st quarter. Stanley Capital Management LLC now owns 259,000 shares of the company’s stock valued at $18,700,000 after purchasing an additional 30,000 shares in the last quarter. Nicola Wealth Management LTD. purchased a new stake in Vertiv in the first quarter worth about $1,155,000. First Hawaiian Bank boosted its position in Vertiv by 17.3% during the 1st quarter. First Hawaiian Bank now owns 4,045 shares of the company’s stock valued at $292,000 after acquiring an additional 598 shares in the last quarter. Inspire Investing LLC grew its holdings in shares of Vertiv by 79.1% during the 1st quarter. Inspire Investing LLC now owns 12,831 shares of the company’s stock worth $926,000 after acquiring an additional 5,665 shares during the period. Finally, Anson Funds Management LP raised its position in shares of Vertiv by 80.9% in the 1st quarter. Anson Funds Management LP now owns 18,089 shares of the company’s stock worth $1,306,000 after acquiring an additional 8,089 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

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.