Vertiv Holdings Co. (NYSE:VRT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Vertiv Holdings Co. (NYSE:VRT) have earned a consensus rating of “Moderate Buy” from the twenty-eight brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $182.4762.

Several equities analysts recently weighed in on VRT shares. Morgan Stanley raised their target price on shares of Vertiv from $165.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Cfra Research upgraded shares of Vertiv to a “moderate buy” rating in a research note on Tuesday, October 7th. Roth Capital restated a “buy” rating and set a $195.00 price objective (up from $162.00) on shares of Vertiv in a research note on Tuesday, October 21st. Cowen reaffirmed a “buy” rating and issued a $211.00 target price on shares of Vertiv in a report on Monday, December 1st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Vertiv in a research note on Thursday, January 15th.

Vertiv Stock Performance

Shares of NYSE VRT opened at $174.78 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.43 and a current ratio of 1.83. The stock has a 50 day moving average price of $169.99 and a 200 day moving average price of $155.92. The stock has a market capitalization of $66.82 billion, a PE ratio of 65.95, a price-to-earnings-growth ratio of 1.06 and a beta of 2.06. Vertiv has a 52 week low of $53.60 and a 52 week high of $202.45.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.25. The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Vertiv had a return on equity of 50.82% and a net margin of 10.67%.The business’s revenue was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 EPS. Analysts predict that Vertiv will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, November 25th were given a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, November 25th. This is a positive change from Vertiv’s previous quarterly dividend of $0.04. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv’s payout ratio is 9.43%.

Insider Buying and Selling at Vertiv

In related news, EVP Stephen Liang sold 5,501 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $170.48, for a total transaction of $937,810.48. Following the transaction, the executive vice president directly owned 4,050 shares of the company’s stock, valued at approximately $690,444. The trade was a 57.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.01% of the company’s stock.

Hedge Funds Weigh In On Vertiv

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VRT. Abundance Wealth Counselors grew its stake in Vertiv by 313.7% in the third quarter. Abundance Wealth Counselors now owns 10,165 shares of the company’s stock valued at $1,533,000 after acquiring an additional 7,708 shares during the period. Union Bancaire Privee UBP SA raised its position in shares of Vertiv by 35.5% during the third quarter. Union Bancaire Privee UBP SA now owns 272,608 shares of the company’s stock worth $41,126,000 after purchasing an additional 71,361 shares during the period. KLP Kapitalforvaltning AS lifted its holdings in shares of Vertiv by 5.5% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 143,100 shares of the company’s stock worth $21,588,000 after purchasing an additional 7,400 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Vertiv by 100.1% in the 2nd quarter. Nordea Investment Management AB now owns 3,246,769 shares of the company’s stock worth $415,132,000 after purchasing an additional 1,624,456 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in Vertiv by 134.9% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 291,036 shares of the company’s stock valued at $37,372,000 after purchasing an additional 167,152 shares during the period. 89.92% of the stock is owned by institutional investors.

Vertiv Company Profile

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.