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

Vertiv Holdings Co (NYSE:VRT) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $139.36.

A number of analysts recently issued reports on VRT shares. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research report on Tuesday, January 28th. TD Cowen boosted their price target on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Melius Research reissued a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Oppenheimer boosted their target price on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. increased their price target on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th.

Insider Buying and Selling at Vertiv

In related news, Director Jakki L. Haussler sold 15,347 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the transaction, the director now directly owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. This trade represents a 81.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the sale, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at $2,562,549.57. This represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock valued at $23,105,682 in the last three months. 5.01% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vertiv

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC raised its holdings in Vertiv by 25.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 7,762 shares of the company’s stock valued at $882,000 after acquiring an additional 1,599 shares in the last quarter. Moors & Cabot Inc. increased its position in shares of Vertiv by 8.5% in the fourth quarter. Moors & Cabot Inc. now owns 6,762 shares of the company’s stock worth $768,000 after purchasing an additional 527 shares during the period. AGF Management Ltd. raised its stake in Vertiv by 26.7% in the fourth quarter. AGF Management Ltd. now owns 338,004 shares of the company’s stock valued at $38,401,000 after purchasing an additional 71,132 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new stake in Vertiv during the fourth quarter worth about $21,586,000. Finally, Clare Market Investments LLC acquired a new stake in Vertiv during the fourth quarter worth about $1,563,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Stock Up 1.6 %

Vertiv stock opened at $121.42 on Wednesday. The company has a fifty day simple moving average of $124.39 and a 200 day simple moving average of $107.21. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. Vertiv has a 1-year low of $55.00 and a 1-year high of $155.84. The company has a market cap of $45.57 billion, a P/E ratio of 80.95, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.0375 per share. This is an increase 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 dividend yield of 0.12%. Vertiv’s payout ratio is presently 6.67%.

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.