Vertiv’s (VRT) “Hold” Rating Reiterated at Melius Research

Melius Research reissued their hold rating on shares of Vertiv (NYSE:VRT) in a report released on Tuesday, MarketBeat.com reports. Melius Research currently has a $125.00 price target on the stock.

Several other equities analysts have also commented on VRT. Fox Advisors began coverage on shares of Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. UBS Group began coverage on Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective on the stock. Barclays started coverage on Vertiv in a report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 target price for the company. The Goldman Sachs Group lifted their price target on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Oppenheimer increased their price objective on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vertiv has a consensus rating of “Moderate Buy” and a consensus target price of $139.36.

Vertiv Stock Up 3.8 %

Shares of VRT opened at $114.61 on Tuesday. The firm has a market cap of $43.02 billion, a P/E ratio of 76.41, a P/E/G ratio of 1.16 and a beta of 1.63. Vertiv has a 1 year low of $55.00 and a 1 year high of $155.84. The stock has a 50 day simple moving average of $126.63 and a two-hundred day simple moving average of $105.75. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

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 given a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. Vertiv’s dividend payout ratio (DPR) is currently 6.67%.

Insider Activity at Vertiv

In related news, Director Jakki L. Haussler sold 15,347 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the sale, the director now directly owns 3,425 shares of the company’s stock, valued at $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Anand Sanghi sold 30,914 shares of the firm’s 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 transaction, the insider now directly owns 19,448 shares of the company’s stock, valued at $2,751,114.08. This represents a 61.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock worth $23,105,682 over the last 90 days. 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 bought and sold shares of the business. Csenge Advisory Group bought a new stake in shares of Vertiv in the 4th quarter worth approximately $2,037,000. Sheaff Brock Investment Advisors LLC purchased a new position in Vertiv during the fourth quarter valued at $298,000. Principal Securities Inc. boosted its holdings in Vertiv by 71.1% in the fourth quarter. Principal Securities Inc. now owns 5,128 shares of the company’s stock worth $583,000 after acquiring an additional 2,131 shares in the last quarter. Quantum Private Wealth LLC grew its stake in shares of Vertiv by 9.2% in the fourth quarter. Quantum Private Wealth LLC now owns 5,938 shares of the company’s stock worth $675,000 after acquiring an additional 500 shares during the last quarter. Finally, bLong Financial LLC bought a new position in shares of Vertiv during the fourth quarter valued at $222,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

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.