Vertiv (NYSE:VRT) Research Coverage Started at Morgan Stanley

Morgan Stanley assumed coverage on shares of Vertiv (NYSE:VRT) in a research note published on Monday, Marketbeat.com reports. The brokerage issued an overweight rating and a $150.00 price objective on the stock.

VRT has been the topic of several other research reports. Evercore ISI boosted their price target on Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Mizuho upped their price target on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price objective on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Citigroup raised their target price on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, UBS Group assumed coverage on shares of Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target on the stock. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.92.

Vertiv Trading Down 1.0 %

NYSE VRT opened at $129.35 on Monday. Vertiv has a one year low of $47.45 and a one year high of $145.67. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The firm has a market cap of $48.55 billion, a P/E ratio of 86.23, a P/E/G ratio of 1.29 and a beta of 1.63. The stock’s 50-day moving average is $123.90 and its 200-day moving average is $101.54.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The business’s revenue was up 19.0% on a year-over-year basis. Sell-side analysts anticipate that Vertiv will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were paid a $0.0375 dividend. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a yield of 0.12%. Vertiv’s dividend payout ratio is currently 6.67%.

Insider Transactions at Vertiv

In other news, insider Anand Sanghi sold 30,914 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the transaction, the insider now owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. This represents a 61.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the sale, the executive vice president now owns 19,551 shares of the company’s stock, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is owned by company insiders.

Institutional Investors Weigh In On Vertiv

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Silverleafe Capital Partners LLC bought a new position in Vertiv during the fourth quarter worth about $4,219,000. Clearbridge Investments LLC grew its position in shares of Vertiv by 15.4% during the 2nd quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock worth $221,013,000 after purchasing an additional 340,639 shares in the last quarter. Whittier Trust Co. increased its holdings in shares of Vertiv by 7.2% during the third quarter. Whittier Trust Co. now owns 127,210 shares of the company’s stock worth $12,656,000 after purchasing an additional 8,579 shares during the period. Janney Capital Management LLC bought a new position in shares of Vertiv during the third quarter worth approximately $8,403,000. Finally, Gordian Capital Singapore Pte Ltd boosted its stake in shares of Vertiv by 112.5% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock valued at $846,000 after buying an additional 4,500 shares during the period. Institutional investors and hedge funds 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.