Analysts Set Vertiv Holdings Co (NYSE:VRT) PT at $140.09

Shares of Vertiv Holdings Co (NYSE:VRT) have been given an average rating of “Moderate Buy” by the eleven research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $140.09.

Several analysts recently weighed in on VRT shares. Citigroup lifted their price target on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. Evercore ISI boosted their price target on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. TD Cowen raised their price objective on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Barclays began coverage on Vertiv in a report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 target price on the stock. Finally, Jefferies Financial Group assumed coverage on Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 target price for the company.

Insider Transactions at Vertiv

In related news, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 19,551 shares in the company, valued at $2,562,549.57. The trade was a 81.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the sale, the insider now owns 19,448 shares in the company, valued at approximately $2,751,114.08. This represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 171,527 shares of company stock valued at $23,105,682 in the last quarter. 5.01% of the stock is owned by insiders.

Hedge Funds Weigh In On Vertiv

Several hedge funds and other institutional investors have recently bought and sold shares of VRT. Anchor Investment Management LLC purchased a new position in shares of Vertiv during the second quarter valued at approximately $26,000. Krane Funds Advisors LLC bought a new stake in Vertiv in the 3rd quarter worth approximately $29,000. Global Trust Asset Management LLC purchased a new stake in Vertiv during the 3rd quarter valued at $30,000. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the period. Finally, Brooklyn Investment Group purchased a new position in shares of Vertiv in the 3rd quarter worth $30,000. Institutional investors own 89.92% of the company’s stock.

Vertiv Trading Up 4.0 %

NYSE:VRT opened at $120.04 on Tuesday. The firm has a market capitalization of $45.06 billion, a P/E ratio of 80.03, a P/E/G ratio of 1.29 and a beta of 1.61. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The company has a fifty day moving average of $121.55 and a 200 day moving average of $98.89. Vertiv has a 52 week low of $44.31 and a 52 week high of $145.67.

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

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were paid a $0.0375 dividend. This is a boost from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date was Tuesday, December 3rd. Vertiv’s dividend payout ratio is currently 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.