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

Shares of Vertiv Holdings Co (NYSE:VRT - Get Free Report) have received a consensus rating of "Moderate Buy" from the nineteen research firms that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $120.38.

A number of brokerages have recently issued reports on VRT. Melius downgraded shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective on the stock. in a research report on Tuesday, January 28th. Evercore ISI reduced their price target on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. Royal Bank of Canada started coverage on Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target for the company. Citigroup dropped their price objective on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Barclays cut their target price on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a report on Friday, April 4th.

Insider Buying and Selling

In related news, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the transaction, the insider now directly owns 18,847 shares in the company, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.01% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv in the fourth quarter valued at approximately $26,000. OLD Second National Bank of Aurora acquired a new stake in shares of Vertiv in the 4th quarter worth $30,000. Tradewinds Capital Management LLC increased its stake in shares of Vertiv by 61.3% in the 4th 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. FNY Investment Advisers LLC purchased a new position in shares of Vertiv during the 4th quarter worth $34,000. Finally, Pittenger & Anderson Inc. boosted its position in shares of Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after acquiring an additional 150 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Trading Down 3.5%

VRT opened at $105.69 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The stock's fifty day moving average is $82.24 and its two-hundred day moving average is $106.10. The company has a market capitalization of $40.28 billion, a P/E ratio of 82.57, a PEG ratio of 1.07 and a beta of 1.70. Vertiv has a 52 week low of $53.60 and a 52 week high of $155.84.

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

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. Vertiv's dividend payout ratio (DPR) is presently 8.72%.

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.

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