Vertiv Holdings Co (NYSE:VRT) Receives $81.11 Consensus Price Target from Analysts

Vertiv Holdings Co (NYSE:VRT) has received an average rating of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $81.11.

Several analysts have issued reports on the company. Citigroup upped their price objective on Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Bank of America raised their target price on shares of Vertiv from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Evercore ISI increased their price target on Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. boosted their price objective on Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Finally, Mizuho increased their target price on Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, April 26th.

Insider Buying and Selling at Vertiv

In related news, insider Yibin Edward Cui sold 668 shares of the stock in a transaction on Saturday, May 4th. The stock was sold at an average price of $94.39, for a total transaction of $63,052.52. Following the sale, the insider now owns 19,452 shares in the company, valued at approximately $1,836,074.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Yibin Edward Cui sold 668 shares of Vertiv stock in a transaction on Saturday, May 4th. The stock was sold at an average price of $94.39, for a total transaction of $63,052.52. Following the completion of the sale, the insider now directly owns 19,452 shares in the company, valued at $1,836,074.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Anders Karlborg sold 46,206 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $93.75, for a total transaction of $4,331,812.50. Following the completion of the transaction, the executive vice president now owns 23,003 shares in the company, valued at $2,156,531.25. The disclosure for this sale can be found here. Insiders sold a total of 3,409,664 shares of company stock valued at $310,846,212 in the last three months. 5.62% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Vertiv

A number of large investors have recently added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new position in shares of Vertiv in the 1st quarter valued at approximately $25,000. Atticus Wealth Management LLC acquired a new stake in Vertiv during the 1st quarter worth about $27,000. Hazlett Burt & Watson Inc. purchased a new stake in Vertiv during the 1st quarter valued at about $34,000. RiverPark Advisors LLC acquired a new position in shares of Vertiv in the first quarter valued at about $35,000. Finally, ORG Partners LLC purchased a new position in shares of Vertiv in the first quarter worth about $37,000. 89.92% of the stock is currently owned by institutional investors.

Vertiv Trading Up 2.9 %

Shares of NYSE:VRT opened at $97.67 on Monday. The firm has a market cap of $36.56 billion, a price-to-earnings ratio of 93.91, a PEG ratio of 1.41 and a beta of 1.55. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 2.09. Vertiv has a 12 month low of $14.84 and a 12 month high of $98.08. The company’s fifty day simple moving average is $80.75 and its 200 day simple moving average is $60.37.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the prior year, the business posted $0.24 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, research analysts forecast that Vertiv will post 2.42 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.10%. The ex-dividend date was Monday, March 18th. Vertiv’s dividend payout ratio is currently 9.62%.

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.