Vertiv Holdings Co. (NYSE:VRT) Receives Consensus Rating of "Moderate Buy" from Brokerages

Vertiv Holdings Co. (NYSE:VRT - Get Free Report) has earned an average recommendation of "Moderate Buy" from the nineteen ratings firms that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $126.69.

A number of brokerages have recently issued reports on VRT. Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Roth Mkm started coverage on shares of Vertiv in a report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price target on the stock. Royal Bank Of Canada started coverage on shares of Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 price target on the stock. Barclays cut their price target on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Finally, Citigroup boosted their price target on shares of Vertiv from $98.00 to $130.00 and gave the stock a "buy" rating in a report on Monday, June 16th.

Insider Activity

In other Vertiv news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the sale, the insider owned 18,847 shares of the company's stock, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Stephen Liang sold 43,683 shares of the business's stock in a transaction that occurred 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 directly owned 9,551 shares in the company, valued at approximately $1,106,292.33. This trade represents a 82.06% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.63% of the company's stock.

Institutional Trading of Vertiv

Hedge funds and other institutional investors have recently modified their holdings of the business. Garde Capital Inc. raised its position in shares of Vertiv by 1,886.7% in the second quarter. Garde Capital Inc. now owns 298 shares of the company's stock valued at $38,000 after purchasing an additional 283 shares during the period. Colonial Trust Co SC raised its holdings in Vertiv by 211.9% in the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after purchasing an additional 214 shares in the last quarter. Ameriflex Group Inc. bought a new position in Vertiv in the 4th quarter worth $37,000. GW&K Investment Management LLC bought a new position in Vertiv in the 1st quarter worth $26,000. Finally, TD Private Client Wealth LLC raised its holdings in Vertiv by 150.7% in the 4th quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock worth $42,000 after purchasing an additional 223 shares in the last quarter. Institutional investors own 89.92% of the company's stock.

Vertiv Stock Up 2.9%

Shares of NYSE VRT opened at $127.92 on Friday. The stock has a market capitalization of $48.75 billion, a P/E ratio of 74.37, a P/E/G ratio of 1.27 and a beta of 1.75. The company has a 50-day moving average price of $109.25 and a 200-day moving average price of $103.49. Vertiv has a 1 year low of $53.60 and a 1 year high of $155.84. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.72 and a quick ratio of 1.28.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The firm had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The business's revenue was up 24.2% on a year-over-year basis. During the same period last year, the company earned $0.43 earnings per share. On average, equities research analysts forecast that Vertiv will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were given a $0.0375 dividend. This is a positive change from Vertiv's previous dividend of $0.01. The ex-dividend date was Monday, June 16th. This represents a yield of 0.14%. Vertiv's payout ratio is currently 8.72%.

Vertiv Company Profile

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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