Vertiv Holdings Co (NYSE:VRT) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Vertiv Holdings Co (NYSE:VRT - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the nineteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $124.69.

VRT has been the subject of a number of research reports. Cowen reaffirmed a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. JPMorgan Chase & Co. lifted their target price on Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Barclays reduced their price target on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. Roth Mkm assumed coverage on shares of Vertiv in a research note on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price objective for the company. Finally, Roth Capital raised shares of Vertiv to a "strong-buy" rating in a research note on Monday, April 7th.

Vertiv Price Performance

VRT traded down $3.40 during trading on Tuesday, reaching $108.60. The company's stock had a trading volume of 7,559,443 shares, compared to its average volume of 8,738,903. The company has a market cap of $41.39 billion, a price-to-earnings ratio of 84.84, a PEG ratio of 1.07 and a beta of 1.73. The firm has a fifty day simple moving average of $90.68 and a two-hundred day simple moving average of $104.19. Vertiv has a 1 year low of $53.60 and a 1 year high of $155.84. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. The company had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm's quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 earnings per share. As a group, analysts anticipate that Vertiv will post 3.59 EPS for the current year.

Insider Buying and Selling at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the transaction, the insider now directly owns 18,847 shares of the company's stock, valued at $1,777,837.51. This trade represents a 22.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the completion of the sale, the executive vice president now directly owns 9,551 shares of the company's stock, valued at approximately $1,106,292.33. This trade represents a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.63% of the stock is owned by insiders.

Hedge Funds Weigh In On Vertiv

Hedge funds have recently made changes to their positions in the company. GW&K Investment Management LLC acquired a new stake in shares of Vertiv in the 1st quarter valued at about $26,000. SouthState Corp purchased a new stake in Vertiv in the first quarter valued at approximately $27,000. North Star Investment Management Corp. boosted its holdings in shares of Vertiv by 4,120.0% in the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after acquiring an additional 412 shares during the period. Sachetta LLC boosted its holdings in shares of Vertiv by 242.0% in the first quarter. Sachetta LLC now owns 448 shares of the company's stock valued at $32,000 after acquiring an additional 317 shares during the period. Finally, Tradewinds Capital Management LLC grew its position in shares of Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after acquiring an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

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.