Vertiv Holdings Co (NYSE:VRT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Vertiv Holdings Co (NYSE:VRTGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $92.11.

Several equities analysts recently commented on the stock. The Goldman Sachs Group increased their price objective on shares of Vertiv from $103.00 to $116.00 and gave the company a “buy” rating in a research note on Friday, May 17th. JPMorgan Chase & Co. increased their price target on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Bank of America boosted their price objective on Vertiv from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Evercore ISI increased their target price on Vertiv from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, June 14th. Finally, Mizuho boosted their price target on Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a report on Friday, April 26th.

Get Our Latest Stock Analysis on Vertiv

Insider Transactions at Vertiv

In other Vertiv news, insider Yibin Edward Cui sold 668 shares of Vertiv stock in a transaction dated 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 transaction, the insider now owns 19,452 shares in the company, valued at approximately $1,836,074.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Vertiv news, insider Yibin Edward Cui sold 668 shares of the firm’s 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 transaction, the insider now directly owns 19,452 shares in the company, valued at approximately $1,836,074.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Doherty Philip O’ sold 488,705 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $93.68, for a total transaction of $45,781,884.40. Following the completion of the sale, the director now owns 11,835,476 shares of the company’s stock, valued at approximately $1,108,747,391.68. The disclosure for this sale can be found here. Insiders sold a total of 4,162,739 shares of company stock valued at $400,713,362 in the last quarter. 5.01% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vertiv

Hedge funds have recently modified their holdings of the company. DekaBank Deutsche Girozentrale lifted its holdings in Vertiv by 341.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 4,417 shares of the company’s stock worth $162,000 after acquiring an additional 3,417 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Vertiv by 20.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,335 shares of the company’s stock worth $124,000 after purchasing an additional 564 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of Vertiv in the 3rd quarter worth about $214,000. Hsbc Holdings PLC bought a new position in Vertiv during the third quarter valued at about $3,761,000. Finally, Federated Hermes Inc. increased its holdings in Vertiv by 206.3% during the third quarter. Federated Hermes Inc. now owns 120,467 shares of the company’s stock worth $4,481,000 after buying an additional 81,133 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv Trading Down 1.6 %

Shares of VRT opened at $89.14 on Tuesday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.98 and a current ratio of 1.34. Vertiv has a 52-week low of $23.07 and a 52-week high of $109.27. The firm has a market cap of $33.37 billion, a price-to-earnings ratio of 85.71, a PEG ratio of 1.32 and a beta of 1.56. The business’s fifty day moving average is $93.42 and its 200-day moving average is $73.47.

Vertiv (NYSE:VRTGet Free Report) last released its earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.24 earnings per share. Equities analysts anticipate that Vertiv will post 2.42 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date is Monday, June 17th. Vertiv’s dividend payout ratio is currently 9.62%.

Vertiv Company Profile

(Get Free Report

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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