Brokerages Set Vertiv Holdings Co (NYSE:VRT) Target Price at $71.22

Vertiv Holdings Co (NYSE:VRT - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the ten research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $74.56.

Several brokerages recently issued reports on VRT. Mizuho raised their target price on Vertiv from $50.00 to $56.00 and gave the stock a "neutral" rating in a research report on Thursday, February 22nd. Oppenheimer started coverage on Vertiv in a research report on Friday, April 5th. They issued an "outperform" rating and a $96.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on Vertiv from $65.00 to $95.00 and gave the stock an "overweight" rating in a research report on Thursday. Bank of America lifted their price objective on Vertiv from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Monday, March 18th. Finally, Evercore ISI lifted their price objective on Vertiv from $80.00 to $90.00 and gave the stock an "outperform" rating in a research report on Friday, April 5th.

Insider Activity at Vertiv

In related news, EVP Stephen Liang sold 306,196 shares of the business's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the sale, the executive vice president now directly owns 51,841 shares of the company's stock, valued at approximately $3,641,311.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Vertiv news, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the completion of the transaction, the executive vice president now owns 51,841 shares in the company, valued at approximately $3,641,311.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $70.76, for a total value of $4,004,591.44. The disclosure for this sale can be found here. 5.62% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Vertiv

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in shares of Vertiv by 22.3% in the 1st quarter. GAMMA Investing LLC now owns 653 shares of the company's stock worth $53,000 after buying an additional 119 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Vertiv by 24.7% in the 4th quarter. Quadrant Capital Group LLC now owns 857 shares of the company's stock worth $41,000 after buying an additional 170 shares during the last quarter. Pitcairn Co. boosted its stake in shares of Vertiv by 1.1% in the 4th quarter. Pitcairn Co. now owns 18,608 shares of the company's stock worth $894,000 after buying an additional 200 shares during the last quarter. Simon Quick Advisors LLC boosted its stake in shares of Vertiv by 1.0% in the 4th quarter. Simon Quick Advisors LLC now owns 20,065 shares of the company's stock worth $964,000 after buying an additional 205 shares during the last quarter. Finally, Hanseatic Management Services Inc. boosted its stake in shares of Vertiv by 0.8% in the 3rd quarter. Hanseatic Management Services Inc. now owns 29,541 shares of the company's stock worth $1,099,000 after buying an additional 246 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Trading Up 1.8 %

NYSE:VRT traded up $1.55 during trading hours on Thursday, hitting $86.32. 8,888,049 shares of the company were exchanged, compared to its average volume of 7,540,008. The stock has a market capitalization of $32.97 billion, a price-to-earnings ratio of 73.15, a price-to-earnings-growth ratio of 1.35 and a beta of 1.59. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 1.45. Vertiv has a one year low of $11.95 and a one year high of $88.69. The company has a fifty day simple moving average of $72.00 and a 200 day simple moving average of $54.04.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.88 billion. Vertiv had a return on equity of 39.46% and a net margin of 6.71%. Vertiv's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the company earned $0.28 EPS. Sell-side analysts expect that Vertiv will post 2.34 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend was Monday, March 18th. Vertiv's payout ratio is 8.47%.

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.