Analysts Set Vertiv Holdings Co (NYSE:VRT) Target Price at $122.38

Shares of Vertiv Holdings Co (NYSE:VRT) have been given an average recommendation of “Moderate Buy” by the nineteen research firms that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $126.69.

A number of research analysts have issued reports on VRT shares. Citigroup lifted their price objective on Vertiv from $98.00 to $130.00 and gave the company a “buy” rating in a research note on Monday. Roth Mkm started coverage on shares of Vertiv in a research note on Tuesday, April 8th. They issued a “buy” rating and a $75.00 price target on the stock. KGI Securities began coverage on shares of Vertiv in a research report on Thursday, April 24th. They set a “hold” rating on the stock. Evercore ISI reaffirmed an “outperform” rating and issued a $150.00 target price (up from $100.00) on shares of Vertiv in a report on Tuesday, May 27th. Finally, Royal Bank of Canada initiated coverage on shares of Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price on the stock.

Vertiv Trading Up 5.0%

Shares of NYSE VRT opened at $116.51 on Tuesday. 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 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The firm has a 50-day moving average of $95.56 and a 200 day moving average of $103.60. The stock has a market cap of $44.40 billion, a P/E ratio of 91.02, a price-to-earnings-growth ratio of 1.07 and a beta of 1.73.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the business earned $0.43 earnings per share. The business’s revenue was up 24.2% on a year-over-year basis. As a group, sell-side analysts expect that Vertiv will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 17th will be given a dividend of $0.0375 per share. This represents a yield of 0.14%. The ex-dividend date of this dividend is Monday, June 16th. This is a boost from Vertiv’s previous dividend of $0.01. Vertiv’s dividend payout ratio is 8.72%.

Insider Buying and Selling at Vertiv

In other news, EVP Stephen Liang sold 43,683 shares of the company’s stock in a transaction dated 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 owns 9,551 shares of the company’s stock, valued at $1,106,292.33. This represents a 82.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Karsten Winther sold 5,500 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of 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 position. The disclosure for this sale can be found here. 2.63% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vertiv

Several hedge funds and other institutional investors have recently modified their holdings of VRT. Stanley Capital Management LLC lifted its position in Vertiv by 13.1% during the first quarter. Stanley Capital Management LLC now owns 259,000 shares of the company’s stock valued at $18,700,000 after purchasing an additional 30,000 shares in the last quarter. Nicola Wealth Management LTD. bought a new position in shares of Vertiv in the first quarter worth about $1,155,000. First Hawaiian Bank lifted its position in shares of Vertiv by 17.3% during the 1st quarter. First Hawaiian Bank now owns 4,045 shares of the company’s stock valued at $292,000 after buying an additional 598 shares in the last quarter. Inspire Investing LLC grew its stake in shares of Vertiv by 79.1% during the 1st quarter. Inspire Investing LLC now owns 12,831 shares of the company’s stock valued at $926,000 after acquiring an additional 5,665 shares during the period. Finally, Anson Funds Management LP increased its holdings in Vertiv by 80.9% in the 1st quarter. Anson Funds Management LP now owns 18,089 shares of the company’s stock worth $1,306,000 after acquiring an additional 8,089 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

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.